Instilling ¶Company Culture ¶into Business Operations
In this article, Remington Hotels President Chris Green explains that integrity in business is essential for building a positive reputation and fostering strong relationships with guests and employees. To achieve this, the best management companies align with five guiding principles: ethics, profit, tenacity, innovation, and engagement. One way to stay aligned with these principles is to filter out anything that does not align with the...
Integrity in business enhances one’s reputation — which in turn can help attract and retain guests, foster employee loyalty, and build stronger relationships. Integrity goes beyond doing the right thing even when nobody's watching. In hospitality, we need to act with honor, transparency, and ethics to create a culture that permeates the entire organizational ecosystem.
The best management companies align with five guiding principles: ethics, profit, tenacity, innovation, and engagement. How do the best of the best stay aligned with these five guiding principles? Let’s think of the humble coffee filter, which gives way to what matters most (coffee) and keeps out the excess (coffee grinds). If we apply this to business integrity, we should only let through what matters most, which are our five guiding principles. All of the other stuff will hinder success and affect the bottom line. For example, Remington takes pride in providing guests with all-around great housekeeping. The traits that don’t exemplify top-notch housekeeping (like shoddy service and cut corners) will be filtered out. This concept is what has allowed Remington’s company’s mission to succeed. This may all sound easier said than done. How do we instill these values into the daily work lives of our employees, both on the corporate level and on the ground? Constant communication and reference back to company values are vital, which can happen through training and continuous reevaluation of goals.
The Hotel Yearbook 2023 - Annual Edition
As we have embarked on 2023, it is evident that the hotel industry has made a robust recovery from the
pandemic.
Occupancy and pricing have returned to their pre-pandemic levels. However, the future of our
industry is contingent
on how nimble the hospitality sector can be in adapting to ongoing innovation, changing market
conditions, evolving
consumer preferences, new staffing challenges, and sustainability realities. These uncertainties are
the new normal
in an unpredictable world.