Category: Occupancy Rate

1. What is a condo hotel or condotel? Think of a condo hotel (also sometimes called a condotel or hotel condo) as buying a condominium, although one that is part of a four-star caliber hotel. Therefore, as an owner, when you are on vacation, you’ll get the benefit of more four-star services and amenities than…

Singapore is a tropical country that pretty much sees sunshine and hot weather all year round. You can expect the day time temperatures to be at its peak at around 31 degrees Celsius (87 degrees Fahrenheit) and that it will be very humid. Therefore pretty much all year round you can visit Singapore, however there…

For sale by owner or FSBO are those that sell their property on their own without the help or with just a very little help from real estate brokers. The main reason why there are people who would like to sell their own property without the aide of a broker is simple, because they want…

If you were to talk with most property landlords about rental property management, there are 5 things which will always be brought up. These are known as the pillars of managing a rental property, and are applicable everywhere, no matter where you are in the world. If you are able to understand each pillar and…

Or to be precise… Can Social Media salvage the Mauritian Hospitality Industry’s shattered competitive edge and reputation? First the Facts The Mauritian tourism sector suffered some casualties in 2009 and at the beginning of 2010, with the heavy international crises that rocked the entire world economy. At first sight, the sequels weren’t as bad as…

When you want to sell your property by yourself, without taking services of a real estate agent, such a property sale is termed as a ‘For Sale by Owner’ or FSBO property. Though FSBO has advantages to it, you should also be aware of the many drawbacks that it can entail and this is applicable…

As a hotel or motel owner, there are certain things you concentrate on a daily basis. One of the most important aspects each day is ensuring you keep your occupancy rate high, the more rooms you fill, the higher your profits. Ideally you want to run at a one hundred percent occupancy rate every single…

Here is How! When it comes to the hotel, travel and tourism industries, the importance of demand forecasting and optimized inventory distribution for effective RevPar management cannot be overemphasized. It is hotel’s Holy Grail. If you belong to any of those industries, you need to measure and forecast demand at various levels and for different…

A property owner may have a vast amount of information about his or her home’s specifications. However, knowing about one’s property and closing a deal are two completely different things. Many homeowners falsely believe that For Sale by Owner transactions are the best option. They may choose these kinds of transactions in order to maximize…

Electronic toll collection system is rapidly becoming the most popular way for commuters to pass through tolls on highways, expressways, etc. Gone are the days when people used to collect toll charges sitting in booths. The fact that drivers need not to carry any cash is one of the main reasons why electronic toll system…