Three Essential New Year’s Resolutions for Hoteliers

The perennial failure of New Year’s resolutions has become more of a comical tradition than a cause for disappointment. Even with all the advice on how to make our resolutions stick (be specific, measure your progress, focus on the present), we tend to throw in the towel by Valentine’s Day or even earlier!. Researchers at the University of Toronto have traced this problem to something called “false hope syndrome.” We like how it feels to make those resolutions, but we’re not really prepared to see them through.

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Tuning Your Hotel’s Engine: In Search of Occupancy (Part One)

Any seasoned hotelier knows that occupancy is only one piece of the puzzle. It’s just not as simple as filling as many rooms as you can. If it were, you could simply offer rooms for a dollar and achieve 100% occupancy overnight. You might even be able to enjoy this perfect number for a month or two before going bust.

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Independent, Franchised or Branded: Which Path Should Your Hotel Take?

In 2010, when the Bitcoin (XBT) was worth next to nothing, an early adopter paid 10,000 XBT for two pizzas. Today, that payment is worth over $6 million. A very steep price indeed for a midnight snack.

Of course, the value of that payment could rise or drop dramatically. This time next year, two pizzas for 10,000 XBT might seem like a fantastic deal. That’s the nature of a high risk-high reward investment. Government bonds are a safer bet, but they won’t make you rich overnight.

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