Hotel Management Consultancy


AshwiniShekar

Uploaded on Jul 15, 2023

Hotel asset management is optimizing a hotel's financial performance and value through effective management of its physical, operational, and financial assets. The goal of hotel asset management is to maximize the return on investment (ROI) for hotel owners and investors by enhancing the revenue and profitability of the hotel while also managing costs- that’s essentially what all Hotel Asset Management Companies in India set out to achieve. Hospitality Management companies in India follow either of the charts according to their nature. Check out - https://www.promiller.in/hotel-asset-management

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Hotel Management Consultancy

HOTEL ASSET MANAGEMENT Hotel asset management is the process of optimizing the financial performance and value of a hotel property through effective management of its physical, operational, and financial assets. The goal of hotel asset management is to maximize the return on investment (ROI) for hotel owners and investors by enhancing the revenue and profitability of the hotel while also managing costs- that’s essentially what all Hotel Asset Management Companies in India set out to achieve. Hotel asset managers typically work closely with hotel owners and operators 1. Intro to develop and implement strategies that align with the owners' investment objectives. This may include developing and monitoring operating budgets, implementing cost- saving measures, negotiating contracts with vendors and suppliers, and identifying opportunities to increase revenue through sales and marketing initiatives. This could be typically done in association with either an in-house operations team or one of the Third Party Hotel Management Companies. For operator-driven hotels, Hotel Asset Manager works as a conduit between the hotel owner and the operator. As part of the scope of hotel asset management for operator-driven hotels, regular audits (mystery audits or otherwise) are performed on the hotel operations. This includes analyzing the existing work-flows of the hotel and identifying areas of improvements. Thank you!!!