3 Things To Think About Before You Age: From Retirement, To Elder Law, To Long-Term Care

Aging is inevitable. Everyone should plan for the future and for many people this includes making difficult decisions about what will happen as they age. If you, your parents or grandparents are facing getting older, there are a few things to think about to make the entire process easier. While this list isn’t all encompassing, this is a good start to making a plan for growing older.Planning For RetirementRetirement planning should start when you’re in your 20s. People who start saving early give their money the opportunity to grow. Someone who starts saving in their 20s can save at a slower rate, but still have a larger nest egg after they stop working. Employees should take advantage of any company programs that match retirement contributions. These simple steps will help you plan for your financial well-being after retirement.If you were unable to start saving at a young age, you need to save aggressively in order to have enough for retirement. Talk with a financial planner to determine how to best prepare for retirement. These professionals can help you decide how to best allocate your money to maximize your investments.What Can Elder Lawyers Do For You?One of the first things anyone should do is to contact elder attorneys. These lawyers specialize in unique elder law situations. They can help with everything from creating power of attorney, living wills and other important documents, to protecting and providing for spouses in case one requires long-term assistance or passes away, to helping determine where assets should go, and more.Before finding elder lawyers, look for one who’s experienced. Elder attorneys who are experts in this field will be members of the National Academy of Elder Law Attorneys and the National ElderCare Alliance. These lawyers are highly experienced in these matters, will be able to look at your situation and help determine how to help you.Selecting (And Paying) For Long-term careNearly 70% of people over age 65 will need long-term care, according to the U.S. Department of Health and Human Services. The cost of quality programs can be staggering, even for wealthy families. Medicare and private insurance typically don’t provide for type of assistance that most people need, such as occupational therapy and help with everyday activities. Even a simple home health visitor three times a week can cost nearly $18,000 a year. This is why it’s vital to make plans for the future.It’s a good idea to research long-term care insurance before it’s necessary. These insurance plans can help you pay for everything from home help, hospice, adult daycare and more. Many policies have a policy maximum, but it is illegal for an insurance company to refuse to renew the policy, as long as the premiums are kept up to date.Planning for the future is important, no matter how old you are. Preparing for retirement, consulting elder attorneys, and finding and paying for long-term care are only some of the many things that families should think about.

Hoteliers Learn How to Ensure Your Efforts in Online Channel Management Payoff Rightly

Whether it is manually updating your room availability on Meta tourism engines, answering countless emails to potential customers looking to book a room with you or the issue of overbooking. Channel management in hospitality brings a spate of challenges. However, tackling these very areas well and on a daily basis is necessary for hotels to stay ahead in the competition.With the unstoppable advancement in technology, Revenue Managers have a great opportunity to not only manage many of these pertinent domains but also save costs and generate more revenue.In the past also, we have discussed the common challenges in Channel Management. In this article, we will further outline some uncommon and mostly ignored aspects pertaining to channel management in the hotel industry. These areas may not affect your distribution directly, but certainly, have an impact on your channel management in an indirect way.If these are taken care of, inventory distribution will be a smoother task and effective also.Rate Parity Rate parity is a big difficult area in hospitality and requires maintaining consistency of rates across different distribution channels, like the brand website, OTAs, etc. Hotels often claim the ‘best rate guarantee’ on their website to make their customers feel confident that they do not need to look for a better rate elsewhere.However, the problem here is that no website can claim to offer the lowest possible rate, irrespective of how many hotels advertise ‘best rate guarantee’ on their own websites. The customers are certain to find another website with a better rate. This breed frustration and lack of satisfaction and confidence about hotel among customers.A solution to this problem would be to win the customers’ confidence by maintaining rate parity to meet the rate expectations of different customer segments and those reaching to you after doing their rate comparison on different platforms. Ensuring this would preserve rate integrity, ensure transparency and tame price discrimination. Guaranteeing rate stability and accuracy require an efficient and cost-effective management of different distribution channels to ensure high volume bookings every night. That is when a comprehensive Rate Parity tool and an advance Online Channel Distribution tool comes handy.Customer Relationship Management (CRM) and Online Reputation Management (ORM)Customer relationship management (CRM) is another very important aspect of the hospitality industry, hence needs utmost attention. Hotels of today primarily handle CRM online and hence coincides with the term Online Reputation Management.When it comes to online reputation, every wise mind would swear by the crucial role of social media. The sites used in electronic distribution with respect to social media work in tandem, as they allow the travel community to interact and build upon each other’s thoughts, especially in terms of reviews.This process has majorly four main stages. The first stage is the stage of absolute non-acceptance from the customer. The second stage is the indifference/consideration stage, wherein a customer is doubtful of the level of service satisfaction from a hotel. The third stage is the ‘delight’ stage. Here, the customer is completely satisfied with your services. The fourth stage is when customers become your advocates and actively brings business to you by way of promotion and referrals. ORM aims at bringing the customers from the first stage to the fourth stage.ORM can help hotels keep their guests in the loop with important information like inventory, rates, and discounts regularly. Bad channel management equals bad customer relationship management, which is why a solid information system that aids effective channel management is one of the potential solutions to the key challenges in electronic distribution challenge management. Some other factors that influence your CRM strategy are:
The way a hotel communicates with its website visitors

The method of procuring customer information and using it to develop strategies

The post-stay behaviour of the customers who choose to write reviews on meta-tourism sites

As long as your hotel manager takes care of the above factors, you can win your visitor’ trust in your property.Any deficit of service in any of the distribution channels is reflected in the reviews written by consumers. Your hotel’s serving capabilities are hence open to the world at just a click. Negative reviews often become an obstruction to the new visitor’s buying decision. To deal with this challenge, hotels need to have a strong mechanism to monitor feedback from different booking channels and analyze the concerned channel’s performance therefrom.We can see that all of the above-listed problems happen to be quite complex and yet are faced by nearly every hotel, especially the growing ones. The good news is, however, a simple solution to these problems exists.How a Channel Manager can aid your Channel ManagementA channel manager is an online tool by which you can integrate information from all of your distribution management and use it for different purposes – monitoring channel performance over time, adding or deleting channels, changing prices across channels, you name it! Take a look at some of its tremendous benefits that you can garner.Boost online bookingsA Skift report states an increase of 7% in online bookings, and the same is only going to increase now. A channel manager will enable you to focus on your choice of channel to funnel sales from.Boost revenueA Channel Manager helps you update rates and room availability across various channels with just a few clicks, so you can accept more bookings faster. You can also have different rates on different channels in accordance with the dominant market segment in each of your channels to drive incremental revenue.Tackle overbookingsWithout a channel manager, you are forced to divide your inventory among channels and invite the risk of double-bookings or lower booking volume. Combined inventory and automated updates of room in real time mean guests can only ever book a room that is actually available.Improve brand recognitionChannel Managers help you integrate your data with many popular OTAs, which helps your property get listed in as many places as possible, and gain popularity.Boost direct bookingsOTAs may make the bulk of your selling channel, but a channel manager will help you offer your audience alternatives such as your own website, which will eliminate commissions from your bookings going to the concerned OTA for each transaction.Remove manual processesHaving a channel manager means no manual updating on Meta tourism websites or answering countless queries of guests. This way, you keep both your staff and your guests completely informed about the crucial information on your bookings and availability.Today, we have the technology to be able to control the most dynamic area of a hotel’s operations, channel management, at our fingertips. It would be, hence, unwise not to leverage these tools to tap the unexplored revenue-maximising and cost-saving potential of your hotel.

Fish Spas and Treatments – Weird Or Wonderful?

Some ideas take a little getting used to. Even so, countless spa goers need no persuasion when it comes to being nibbled by small fish at designer spas and spa resorts in countries such as China, Japan, South Korea and Turkey. This growing trend is spreading swiftly throughout the world and has left some people feeling both perplexed and others feeling both beautiful and relaxed.So how do fish treatments work and how do they aid in enhancing both wellness and beauty? Spas store small tropical fish called Garra Rufa, also known as doctor fish, nibble fish, Chinchin Yu, Kangal Fish and Turkey Fish, in warm pools of water or hot springs. These fish thrive in hot water from 15 degrees to 43 degree water and are used for various reasons such as for foot, facial and body treatments as well as for the natural treatment of skin disease.The fish, as many spa goers say “kiss the skin”, ridding it of all affected and dead skin areas, leaving the healthy skin untouched to continue to grow and repair. The process is both painless and strangely wonderful, leaving behind a unique pleasant tingling sensation. Skin is left smooth, glowing and looking healthier. Although, also used for individuals suffering from Psoriasis, fish treatments are not a cure for the disease but a temporary treatment cure which can aid in preventing symptoms if repeated on a monthly basis. Nonetheless, there have been some individuals who claim to have been completely cured of Psoriasis after undergoing fish treatments. The fish treatments are also recognized as treatments utilized to release fatigue, increase blood circulation and aid in relaxation.So why not immerse yourself into a hot spring or fish pool, or enjoy a foot, facial or body fish treatment before a massage, and experience a treatment like no other. This strangely unique and wonderful feeling cannot be described in words and will make you return every few months to take advantage of the fish treatments principal purpose and function, to protect and beautify your skin.