In an ideal situation -- one that produces maximum revenue -- the hotel room is priced as close to that maximum amount as possible without setting too high of an expectation or sending prospective guests to a cheaper competitor. To determine the ideal price, revenue managers use anRMS(revenue...
An alternative option is to reduce the amount of weight you’re lifting to achieve the rep/set ratio. Progressive overload is more important than starting with heavy weights. This is the process of increasing the difficulty of your weight training over a period of time, whether that’s ...
A duplex is a type of residential building with two separate living units and separate entrances. Duplexes tend to be structured side-by-side or one above the other. An apartment is a single living unit within a larger building complex. Typically, apartments have shared entrances, amenities and...
A property valuation is a professional assessment of a property that determines its current real dollar value in the market. Nearly every type of property transaction needs a valuation — from someonebuying their first houseto major industrial and commercial real estate deals. Here’s what you need...
What is an Entrepreneur? An entrepreneur is an individual who takes on financial risks in order to create and manage a business venture with the aim of achieving profit and growth. Entrepreneurs are often characterized by their creativity, innovation, and willingness to challenge the status quo. ...
With all of this in mind, should a buyer be willing to pay more for the penthouse than any other unit in the building? And are there drawbacks to being “the nicest house on the block” in a building? READ: How to Write an Offer Letter to a Seller. ...
What is an App Developer? An app developer specializes in creating software applications for mobile devices, such as smartphones and tablets. These applications, commonly referred to as "apps," can serve a wide range of purposes, from entertainment and gaming to productivity and business tools. ...
A condominium is a form of home ownership in which individual units of a larger complex are sold, not rented. These units may be renovated apartments, townhouses or even commercial warehouses. Any multi-unit structure can 'go condominium', meaning occupants must either vacate the premises or...
Group bookings/reservations:If your hotel plans on hosting any type of event or group of guests, then group reservations functionality is crucial. Group reservation features include allowing guests to book reservations within the room block, exporting a room list, and configuring billing settings so ...
In real estate, property valuation is essential to make decisions involving real estate transactions. Till now the valuation of property has been a cumbersome process traditionally. The most important reason was the unique characteristics of different properties like location, size, amenities, surroundings...