Hotel Lingo
The hotel industry is full of acronyms and terminology. Here is a short list to help you get started.
Staffing a Hotel
Most hotels must be staffed 24 hours a day, seven days a week, and 365 days a year. Of course, shifts vary by hotel and department but there’s generally a daytime shift, think 7am-3:30pm, an evening shift, perhaps 3pm-11:30pm, and an overnight shift such as 11pm-7:30am. Because the middle of the day might get busier…
Pathways to Hotel Ownership
Hotel ownership can look considerably different from one owner to another. The perfect ownership model is one that best meets an owner’s needs and goals. Below are some of the most common ownership models. Partnership Owning a hotel requires capital. Combining resources with partners is one path to hotel ownership. Depending on the agreement, some…