Regardless of property type, tax assessment valuation would appear simple enough. A generally accepted definition of market value is: The probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue duress. READ MORE

It's that time of year when everyone is working hard towards their ambitious new year's resolutions. Here's one more I would like to recommend hotel owners and operators to put on their list. Join the Hotel Owners for Tomorrow (HOT) coalition to help advance sustainability for the hotel community. HOT is a no-cost initiative, bringing hotel owners, hotel brands, management companies, industry bodies, and other supporters in hotel development to build awareness and get the important discussion of sustainability started among the hotel community. READ MORE

The proliferation of travel discount websites has many hotels scrambling in a race to the bottom. So how do you attract travelers (and ideally repeat travelers) who aren't simply looking for the cheapest bed for the night? Becoming an expert resource on your city and sharing it through a branded blog is a great way to stand out from the competition. By creating and regularly publishing to a blog that celebrates what makes your city unique, you can elevate your hotel from only ranking in Google search for those looking at hotels in a specific price range to being a top destination for anyone looking to learn more about your destination. READ MORE

It seems just a short time ago that hospitality public relations - PR - was implemented as a one-way communication between a brand or hotel or resort and its potential market segments. The purpose was to gain attention, interest, and, ultimately, bookings that would turn prospects into customers and, ideally, loyal repeat clientele. Today, the media relations function represents just one component of an interactive, engaged connection between hotels (or hotel companies) and their constituents. This article takes a look at where the discipline came from, how it has evolved, and where it may be headed as a vital tool for driving revenue. READ MORE

When accessing and converting potential guests to your hotel, there are no hard and fast rules when it comes to SEO (Search Engine Optimization), Pay Per Click (PPC) campaigns or Social Media Marketing. The most valuable tool you have in the battle for Google's favor should be the ability to evolve, I like to call this “Digital Promoflex” in today's marketing environment. We all know, just like in chess, we need a plan in order to play a decent game. This is exactly the same premise in digital and social media marketing. In order to determine what kind of channels to target your audience, READ MORE