Experienced Businessman and Entrepreneur
How Can the Hospitality Industry Solve Its Ongoing Labor Problem?
The hospitality industry was badly damaged by the COVID-19 pandemic. Government restrictions and fear of getting ill kept people at home for the better part of a year and half. Many businesses did not survive, and those that did experienced massive losses, both...
How Does the End of the Pandemic Affect the Market for Single Tenant Industrial Property?
The single-tenant property market reached new heights over the past few years. The advantages of single-tenant properties were on full display during the COVID-19 pandemic, when big chain retailers were among the only ones able to consistently pay on their leases and...
Why Are Online Travel Agencies So Important to the Hotel Business?
Historically, when you wanted to stay at a hotel, you would have to make a phone call to the hotel itself to ask about availability and reserve a room. With the introduction of the Internet, customers began using hotel websites to check on vacancies and make...
Why Is Sustainable Tourism the Future of the Hospitality Industry?
People are becoming increasingly interested in the environment and the effects of their and others’ actions upon it. These concerns can influence where they choose to stay, and they are more likely to choose hotels that use sustainable, eco-friendly practices. The...
What Are Some of the Best Hotel Pricing Strategies in 2022?
The hotel industry took a huge hit during the main pandemic years of 2020 and 2021. In 2022, with the worst of the pandemic (hopefully) in the rear-view mirror, it is time for the hospitality industry to get back to normal. New pricing strategies emerged during the...
Why is Revenue Management So Important to the Hotel Industry?
Technological advancements have given rise to a powerful trend throughout society. The increased speed and processing power available now allows for almost instantaneous collection and analysis of data. This science of analytics has been embraced by businesses in...
What Are Some of the Risks Associated with Single-Tenant Properties?
Single-tenant properties can provide a great return on investment, but they are not without their risks. Before making the jump into single-tenant properties, it is important to understand these risks so you can make an informed investment decision. Types of...
Why Is Self-Service Technology So Important to the Hospitality Industry?
The hospitality industry took a serious hit during the worst of the COVID-19 pandemic. As it tries to recover, it faces new challenges from a world that hasn’t completely returned to the pre-pandemic standard of normalcy. One of the ways the industry is adapting is by...
Can the Hospitality Industry Continue Its Rebound from the Pandemic Years?
The COVID-19 pandemic hit the hospitality industry particularly hard. The various lockdowns and travel restrictions put many bars and restaurants out of business and severely impacted the hotel industry. Now that the worst of the pandemic seems to be over and the...
What Are the Pros and Cons of Investing in Single-Tenant Properties?
When investing in commercial real estate, one of the most important decisions to make is whether a property will be leased or rented to a single tenant or split up into multiple spaces. In the wake of the COVID-19 pandemic, there has been a movement toward...