IN PURSUIT OF HOTEL PROFITS
It’s a simple calculation. You increase profit by raising revenue, reducing costs or, ideally, both. But neither is simple to achieve. Consumers’ disposable income is limited and competition in the hotel sector is fierce. Meanwhile, labour costs, business rates and food prices are all moving in the wrong direction.
The good news is that there are still ways to increase efficiency and cut admin time. And not only does this help the bottom line, it also frees up managers’ time, so they spend more of it improving customer service and generating sales.
Here are our top five profit-boosters: