IHCS Blog

This text examines the key points to be considered in the early stages of a hotel project.

The people behind hotel management understand that experience on a strategic and executive level is key in identifying an establishment’s operating shortfalls while optimizing its business operations and improving its financial results.

Asset management is a concept that is quite in vogue within the hotel industry, but what does it really mean? It is considered to be the management of quick assets, which in turn is complimented by a good valuation analysis that allows you to define the most appropriate and profitable investment plan.

The growth and expansion of the hotel industry has set the focus on internationalizing all business and tourism initiatives, developing different strategies, including divestment as a hotel growth model.

In today’s competitive setting, hotels are becoming increasingly aware of the positive results obtained through the advice and contributions of consulting firms. Hotel owners and managers are asking themselves much more frequently whether they are making the most of future demand, their financial yield is appropriate or they are attracting the customers with the most potential.

The role of hotel consulting firms comes into play when analysing the needs of each customer, as there may be deficiencies in the business strategy, problems with the feasibility plan and difficulty in getting investors, as well as not knowing the industry well enough or not knowing the type of hotel to put up.

Do you have an idea but you don’t know how to execute on it? Do you want to invest in a project creating a hotel? Are you an independent hotel that needs to optimise your brand?

A hotel consultant will have the appropriate tools to automate different processes; this will not only save time, it will also save money.

Productivity is a factor that must be controlled in any business at all times and is that if a business ceases to be productive or we do something to turn the situation around, it will not fail to fail.

If you want your hotel to be full all year round, you can't sit back twiddling your thumbs. A factor that we should examine is our staff's qualifications.