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Administrative orbiting and direct confrontation are very good (effective) conflict reduction techniques.
Occupancy Rate
A measurement used in the hospitality industry indicating the percentage of available rooms or units that are occupied over a specific period.
Guests
Individuals or parties that are receiving services or hospitality, commonly used in the context of hotels, restaurants, and events.
Balance Sheet
A financial statement that provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a business, including materials, labor, and manufacturing overhead.
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