In many hotel management companies, September and October mark the beginning of the budgeting process for the next year. But before you start your budgeting, you might be well served to review and update your Strategic Plan.
A recent TripBarometer by TripAdvisor states that 93% of people booking travel are influenced by online reviews. Another study by Cornell University2 has found that a 1% increase in online reputation leads to a 0.
"We have been offered a hotel in Central London, it's not on the open market but with an offer of GBP £ XX million, we can get exclusivity. Katrina, do you think it's worth pursuing?" I've been asked this question many times over the past decade and it usually raises a big red flag.
Hotel Solutions Partnership today celebrates its 10th birthday. Our way of saying 'thank you' to all our friends on this significant day is to offer everyone participation in a special Master Class. Over the past decade, we have developed a sought-after global capability anchored in a network of truth-telling, independent hotel experts, who all have experience at the 'coal face'.
We are proud to announce that seven incredibly talented hoteliers have joined the global team at Hotel Solutions Partnership. Truly independent, as individual consultants and as a team, this network of insightful advisors is now even better equipped to offer strategic advice as well as implementation support and on-going oversight services to your hotel or hotel portfolio.
It is one of the paradoxes of our times, that despite having access to almost unlimited and instantaneous information, we are no more effective at making business decisions now than we were 50 years ago.
The Hotel Solutions Partnership offers specialist hotel consultancy services to hotel owners, operators, brands, developers, lenders and investors. The Hotel Solutions Partnership is a hand-picked network of experts. Between us, we have expertise in more than 70 disciplines, covering all the elements involved in running a successful hotel or hospitality business in today's globally competitive and evolving environment.
