Why do we date or live-in with someone before we marry them? It is because we want to make sure we are compatible and meant to be with them before making a lifelong commitment. We might call this a feasibility study. Building a hotel is also a commitment although of a different kind.
It is a great honor to announce that the founder of ihcs, juan pedro lemes, will be one of the judges for the international hospitality awards. This prestigious international event is held yearly to recognize hotels with the best results.
The idea of evaluating a hotel as a whole and checking its rates enables us to save millions of euros. A hotel’s return on investment must be measured in order to include the results of the initiatives that are carried out, making it possible to determine which ones are successful and work well.
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.
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