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10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
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Posts by author

Haris Chechi

44 posts
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  • 5 min

What is considered fine dining?

  • Haris Chechi
  • 24 September 2024
🍽 Fine dining offers an immersive experience with exquisite food, impeccable service, and elegant ambiance. Key characteristics include tasteful decor, formal attire, and etiquette standards. Culinary reputation is built on awards and reviews. Menus feature high-quality seasonal ingredients and include prix fixe, a la carte, and tasting options with signature dishes demonstrating creativity. Service is professional with trained staff, sommeliers providing wine expertise, and synchronized serving. Fine dining differs from fast food with its focus on luxury and gourmet preparation, while fast casual and casual dining offer less formality and more affordability.
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  • 3 min

Start a career in property portfolio management

  • Haris Chechi
  • 23 September 2024
🏢 Real estate property portfolio managers have a demanding, strategic role with an average salary of $113,505. Responsibilities include strategic oversight, financial management, asset optimization, risk management, stakeholder communication, continuous learning, and delivering impactful results. The career combines finance, strategy, and management, with opportunities in hospitality to manage hotels, resorts, and restaurants. A bachelor’s degree in real estate, finance, economics, or business administration is typical, while a master’s can further enhance career advancement.
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  • 5 min

How to use different real estate financial models

  • Haris Chechi
  • 23 September 2024
📈 Real estate financial models assist in evaluating property investments, assessing economic performance, and planning strategies. They consider factors like purchase prices, rental incomes, expenses, financing, and market trends. Objectives include viability assessment, risk analysis, financing optimization, performance monitoring, and strategic planning. Common types include property acquisition, development, rent roll, operating, REIT, syndication, mortgage financing, and value-add models, each tailored to specific scenarios, such as buying, managing, or improving properties. Components vary, involving purchase prices, income projections, operating costs, interest rates, and more, to forecast profitability and risks.
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  • 3 min

Everything you need to know about STR real estate in hospitality

  • Haris Chechi
  • 20 September 2024
🏡 The US STR industry generated $64 billion in annual revenue in 2023. Airbnb leads with 7.7 million listings worldwide. STRs are rented for usually less than 30 days, offering flexibility and higher-income potential. Owners benefit from tax deductions, personal use, and a broad guest range, but face challenges like regulatory issues, seasonal income fluctuations, and increased maintenance costs.
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  • 4 min

Exploring the top 10 luxury hotels in Los Angeles

  • Haris Chechi
  • 20 September 2024
🏦 Los Angeles welcomed over 48 million visitors in 2023, drawn by luxury hotels, landmarks, arts, and beaches. Viceroy L’Ermitage Beverly Hills offers spacious suites, rooftop bars, and fine dining. The Beverly Hills Hotel features 'The Pink Palace', La Prairie Spa, and the Polo Lounge. Pendry West Hollywood, with views, Spa Pendry, and chef Wolfgang Puck's Merois. Conrad Los Angeles boasts contemporary design, Conrad Spa, and chef José Andrés' Agua Viva. The London West Hollywood provides British-Californian style luxury, rooftop dining at The Rooftop, and Boxwood restaurant.
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  • 4 min

Hot Wheels: luxury hospitality and the top luxury car brands

  • Haris Chechi
  • 19 September 2024
The high-end car market is expected to reach $733.2 billion by 2026, driven by affluent buyers and luxury car marques such as Rolls-Royce and Ferrari. These brands set trends in…
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  • 4 min

Food and beverage industry trends for 2024/25

  • Haris Chechi
  • 19 September 2024
The culinary sector is a pillar of hospitality, significantly contributing to both employment and revenue. With an annual growth rate of 8.7%, the food and beverage industry is expected to…
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  • 2 min

What is a bartender and how can I become one?

  • Haris Chechi
  • 18 September 2024
Skills and qualities for bartending Excelling in mixing and serving drinks requires a unique blend of abilities and personal attributes. Some of the soft skills and personal qualities a bartender…
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  • 3 min

What does a spa manager do?

  • Haris Chechi
  • 18 September 2024
Challenges facing today’s spa managers There are a range of challenges managers have to face as they try to maintain high standards of service quality, meet customer expectations and stay…
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  • 3 min

How hospitality real estate and blockchain can work together

  • Haris Chechi
  • 17 September 2024
As the global real estate market is projected to grow by 5.2% by 2030, blockchain technology is poised to play a key role in this expansion. Blockchain provides a decentralized…
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