Why chaos is good in hotels (and what we learn from it)

In 1961, a meteorologist named Edward Lorenz was re-doing weather forecasts using standard mathematical formulas of the day. To save time, he rounded longer decimals to the nearest one thousandth — then went for a coffee and let the computer crunch the numbers. When he returned, a completely different set of weather predictions had been generated than what he had expected. This turned out to be a pioneering moment in chaos theory. It led to the notion of the “butterfly effect,” wherein tiny changes create vastly different outcomes.

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Airbnb is Opening a Hotel (yes, really): How it Works and What it Means

One of the most amazing facts about Airbnb is that, despite being more valuable than any hotel chain in the world, it has no physical inventory. The company provides branding, online infrastructure, a booking platform, and a quality control system — but all of its properties and rooms belong to other people. The fact that Airbnb has seen such astronomical growth and valuation without owning a single building makes you wonder how this business model wasn’t exploited sooner.

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Want to be successful in hotels? Set fewer goals (yes, really)

Very few hoteliers — at least those of us in it for the long haul — will tell you the road is easy. The day-to-day is a never-ending stream of challenges, while the longer career path demands persistence. There is a certain mental toughness that comes with the territory. We need to think creatively, foster a winning team, and fuse immediate actions with broader goals. It takes time and training to develop these skills. It also requires a certain measure of talent.

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