The hotel industry is always looking for ways to increase occupancy rates and maximize profits. One of the key metrics they track, next to ADR, is the hotel occupancy rate or OCC. So let’s take a look at what the OCC is and how hotels can increase it. So what is the occupancy ...
A certificate of occupancy is a legal document that proves a structure, such as a house or office building, is safe to inhabit. In addition to the property address and owner, a certificate of occupancy will include the following three things: ...
What is a transient occupancy tax? Be specific. Tax: Taxes are mandatory financial fees, charges, or levies that are imposed on a taxpayer (company or individual) by the government for the purpose of funding the expenditure of the government. Taxes could either be direct or indirect and are...
The industrial Internet is a new infrastructure, application mode, and industrial ecosystem that deeply integrates next-generation information communication technologies with the industrial economy. By fully connecting all elements, including people, machines, materials, and systems, the industrial Internet bu...
Oar (n) An implement for impelling a boat, being a slender piece of timber, usually ash or spruce, with a grip or handle at one end and a broad blade at the other. The part which rests in the rowlock is called the loom. Oar (n) An oarsman; a rower; as, he is a good oar...
Points:A mortgage point or discount point is an optional fee a borrower can pay to lower their rate. How much do mortgage interest rates vary across lenders? Mortgage rates can vary substantially fromlender to lender. This is due to differences in their pricing strategies, cost structures, marg...
Vulnerability of the industry to the existing economic climate; Components of the average rate; Contributors to the supply and demand in the industry; Use of price as the first marketing tool considered by managers faced with the weak occupancy patterns.Lloyd-Jones...
Occupancy refers to the number of people in a meeting space, while utilization is how often a meeting space is being used. Measuring and reporting on both concepts involves asking (and having relevant data to answer) a number of key questions, including: How often is a meeting room being us...
dedicated group. Sole proprietorships often start as hobbies that grow into a business. The reasons tostart a limited liability company(LLC) are that the business entails some liabilityrisks, has the potential for large profits and a large customer base, and is positioned to benefit from certain...
you have options. Wholesale real estate is one of them. It’s a legal strategy concerning the purchase of real estate that you don’t commit to buying yourself or make a down payment on.