Site Visit by Vasiliy and Innbel

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A historic site, which was the birth place of modern New York City, and one of the biggest tourist attractions

1 Hotel, with no doubt a fantastic place to work and grow professionally

By the main entrance, a true expression of hospitality. Upon entering something is offered to you, as the cherished guest.

The property’s restaurant, where farm to table specialties are offered at any time, to everyone. One of the best brunch places in town.

Occupancy:

Percantage of all units in the hotel that are occupied at a given time. It is one of the main indexes used in Hotel Management. And considered as the most important factor for a hotelier. Occupancy at the 1 Hotel was around 65% that day.

ADR:

Average Daily Rate, or just ADR, is another main index in hotel business. The number represents the average income per paid occupied room in a given time period. It is the foundation for property’s financial performance. 1 Hotel had an ADR of about 380$.

Room Block:

A block reservation refers to a group of rooms reserved for a specific customer, usually for a set period of time.

Revenue Management:

Hotel revenue management is about becoming the architect of your own fortune. A hotel room is a perishable product, since the number of hotel rooms is limited. As a result, the customer satisfaction and pricing remain the most important dynamic variables, which are subject to Hotel Revenue Management.

 

 

All work and photo credits go to Vasiliy

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