It's been a long, cold winter, not just because the weather has been that way, but also because the United States and the World have been rocked by a horrible recession. Every time you turn on the TV, open a newspaper, listen to the radio, or read your news on the Internet (take your choice […]
How About Some Optimism? Read More »
Alright, so we write a lot about blogging and social media and the importance of it in your marketing, etc., etc., and sometimes you just want to tell us to SHUT UP already. We get it. But we don't give up that easily! A couple of weeks ago in my article, "Do Innkeeper Blogs Work?" I
An Online Community Read More »
Every year The B&B Team travels to various innkeeping conferences, sometimes to exhibit in the trade show, but always as speakers. In the past month we attended the Mid-Atlantic Innkeepers Conference and Trade Show in Hot Springs, Virginia and just this week were at the 17th annual conference of CABBI, the California Association of Bed
Do Innkeeper Blogs Work? Read More »
1031 Tax Deferred Exchanges are wonderful when they work, but we've just learned of a financial disaster and believe everyone needs to take note. Simply put, a 1031 Tax Deferred Exchange is a mechanism whereby a real estate investor can roll over the cost basis from one investment property to another and defer paying capital gains taxes
1031 Exchange Warning and Advice Read More »
While we're only into the New Year for a matter of hours/days, it already feels good. Not because things have magically become better or easier, but because a New Year brings a new beginning and a fresh start. Because of the current news and the pundits telling us about the economy, I added a posting
In a recent AP article, Corporate Darwinism: Only the Strong Survive, it was explained that, “Economic cycles are Darwinian, picking off weak companies and leaving survivors stronger”. From my perspective, this is a pretty brutal but completely honest and interesting view of the business landscape for the New Year. Ok, so it is an interesting
Corporate Darwinism 2009 Read More »
Every year toward the end of December we begin the process of celebrating the holidays. Whether it's shopping for gifts, decorating the house or the inn for Christmas, planning time away or with family and friends, most of us become engaged in the "holiday mood" in one form or another. The holidays also bring with
Thoughts on the Holiday Season Read More »
We've all heard the expression about a "flight to quality" especially with regard to investments in these challenging times, but what is a "flight to value?" A couple of nights ago my wife and I were at a holiday party hosted annually for Charlottesville, VA area innkeepers by some former innkeepers (and clients), Becky and Norm Lindway.
In other postings on The Innkeeper's Resource we often talk about tools like Google Alerts that can help you monitor your "social presence." We have a regular Google Alert for "The B&B Team." It lets us know if someone might be using our trademarked name, so we can address it, but the spinoff is that one
These are tough times, no doubt about it. They were tough for the lodging industry after 9/11, too, and the immediate response was to discount rooms in hopes of filling them. Back then it worked, sort of, but the long term consequence was a period of several years to rebuild ADR and RevPAR. So what's
Innkeeping Success Without Discounting Read More »
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