What is Hospitality Consulting?
shared by assetmanagmenti... on Dec 10
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What is Hospitality Consulting?
Source: http://www.tfgassetmanagement.com/
Hospitality Consulting is an activity of developing proper strategy and giving support to hotel owners to maximize operatio...
nal performance and asset value of the hotel. It is implemented through the following stages:
- Hotel Operator Appointment which means choosing an experienced hotel operator at the early stages of the project enhancing financial performance, minimizing contractual risk and creating the conditions for an effective cooperation between owner and operator. It includes selection and pre-qualification of operators, evaluation of their portfolio and management terms, and negotiating Hotel Management Contract.
- Pre-Opening Assessment which is aimed on facilitating launch process by offering expert evaluation and analysis of business operations, qualified recommendations and providing advice on implementation to enhance overall running and profitability of the hotel. It is implemented through preparing and positioning the future hotel in the market, managing promotion, recruiting human resources and setting the standards for all the operational functions.
- Concept Design & Development Consultancy which means assisting and advising throughout the entire design and concept phase. Developing the plan is vital for making the hotel operate more efficiently and cost effectively.
Source
http://www.t...ement.com/Category
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