Hoteliers seem to dislike the term ‘turnaround consulting’ because it represents failure. The truth is that turnaround consulting represents success at realizing the Hotel is going in the wrong direction. The only time a Hotel fails is when it is not possible to do a turnaround anymore. We help Hoteliers pivot into more profitable directions where they can expand and grow. It is inevitable that hotels will end up making a few mistakes; we help them correct these mistakes.
We help hotels turnaround their non-profitable properties into something that benefits them. Our specialty lies in understanding what makes a Hotel or Resort special and what makes it tick.
Hotelient- we help Hotel & Resorts assess their skills and choose a new direction which utilizes the talents of the team and resources most productively.
Business planning & strategy
Our clients are often surprised by the possibilities we present to them; by thinking outside the box we present exciting new strategies:
- Attract and retain quality, high-paying guests
- Manage your time so you’ll get more done in less time
- Hone sharp leadership skills to manage your team
- Cut expenses without sacrificing quality of service
Research beyond the business plan
We also ensure that the whole team is included in the process and that no one is left out during the turnaround. The most crucial part is ensuring some degree of financial stability during the turnaround.
This is the most worrying part for most clients going through or needing a turnaround; it means that incoming cash flows will change completely. We help ease these issues through fantastic financial projections and a realistic view of what can be accomplished.
Creating a list of potential higher yield segments of business for your hotel can be daunting when you’re beginning your business. However, this needs to be considered as a follow up on your Target Market Analysis so you can hit the ground running.