RevPar is a relatively new term introduced to the hospitality industry a decade ago. Despite its new arrival, this index has become fairly popular among hotel owners and managers. The RevPar is an amalgam of occupancy rate and the average rate displayed at the hotel. The acronym stands for “revenue per available room”. It can […]
Italy has been at the center of attention for tourists from all over the world. This has resulted in a spike in overall occupancy rates in the country. Some famous cities in Italy are reported at an occupancy rate of 85%-90%. This depicts that things are going solid in the real estate market and hotel […]
The Italian real estate market is tipped for great times for the year 2019. Thanks to its booming tourism industry, the hospitality market in Italy has shown amazing growth over the past few years. Because of this economic boom, investors from all around the world are looking for opportunities to invest in the Italian real […]
Buying a hotel can be a great investment as it opens a plethora of opportunities for the investor. Even better, having a hotel on your investment portfolio can guarantee you unlimited access to financing. Countries with booming tourism like Italy in Europe and Thailand in Asia can be great places to invest in as they […]
Airbnb has changed the way people travel. The hospitality industry had to make major changes because of its introduction in 2008. This was the year when the real estate industry saw major crises in the American market creating a trickle-down effect that reached the entire globe. Since then, things have become stable and the tourism […]
