TOP 40 hotel’s cost cutting actions
It is all about profitability. Hotel profitability. Do you believe that cost cutting is still in place? I feel obliged to share with you opinion, ideas and successes within cost cutting in order to increase profitability.
Is the cost cutting in your mind? Nightmare! Where shall we save! Tought time, right? It has been a hard work and for some of us it is still hard work to manage costs under the acceptable level. Let me summarize traditional, non-traditional, effective, creative and brand new ideas of LinkedIn network. Question was: If you could recommend one single action to cut costs and increase profitability within your hotel operation, what would that action be?
Enjoy reading below ideas touching each of hotel’s department. All are great and many of them are success stories of hotel professionals. All suggestions can be easily applied to your hotel, based on current hotel’s operation situation. Hope you will find them useful for your hotel operations.
Basic rule to your cost cutting would be: Always ask, as much as you can questions starting with (W) in any thing related to expense or purchasing
Do you have any other cost cutting idea which helped out your hotel to get out of the economic crisis over the last few months or year(s)? Share it with us. We are all keen to try them as well! And don’t forget – read it again, study, select and implement a little improvement plan according to your business. Euro to Euro and here it comes my budget and more effective hotel‘s operation results.
Let me compliment my former GM Ulf. He tought me a lot and he always said “You take care of the revenue and I will take care of the cost”. Let’s work together. Why cut cost? Make sales move and get in more business! It is not easy just to say it! It REALLY hard work and the sale is not only about sales & reservation department. Even our waiters and housekeeping staff are the sale people. Teach them to behave that way – plant to harvest!
Are you still having some rooms available? Contact us to help you with additional sales support in attract travel industry people to come to your hotel 🙂
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