WHY PEOPLE FAIL TO SUSTAIN CITY HOTEL/RESORT BUSINESS ? IN 20-21.

I'm a professional Chef, Training Manager, Coach & Consultant in hospitality management services since last 24 years. Besides holding a professional Diploma in applied nutrition and catering technology from the recognised institution, my Mentor actually my father has suggested me to start my career as cook with a reputed small town restaurant in Solapur. Solapur is my native place , My father was borned and bought up in Solapur Maharashtra. His intentions was very clear , " If you want to be a successful hotel business owner, just start your journey in small town restaurant, where you actually gain a competitive knowledge to build your business in feature. And I was very fortunate to follow his instructions.That is why I'm confident enough to share my thoughts on this topic.

More often the competition in the market with same scale business is the major factor that leads to the failure of hotel business 

People invest in their business to get profit and be visible at the top of market scenario. However many of them end up failing without understanding the market strategies and tactics.

Hotel Management covers diversified operations and departments such as Coustemer Service, Staff management, Inventory & assets management, hiring and tracking market accordingly.

Therefore it takes immense expertise to stand in the business and last long in the industry.

Remember if it is business it has got risks involved. Here the word " RISK" holds true in every sense. When you fail in the risks management your business falls.

Houspitality is all about building long term relationship between your guests and host. 

The nature of houspitality business is inherently compitative, Volatile and hence subjected to down hill.

This industry is based in at touch point, Where hardly one third of the hospitality business stands up , sustain and make happen than the decade.

You may feel my business is working very well ! Why should I need this ? 

"PRECAUTION IS ALWAYS BETTER THAN CURE "  Simple !

Hotel business don't fail just like that. At a time they simply fail to reach their full potential.

Economy, Guest inflex , Locational disadvantages , Market places, Expenses, Wages, Goods Costs and So management can be hard.

Not all reasons are responsible to collapse a hotel business plan but those are the factors that could erode your profit.

Stay prepared and take insights from this compilation and you will learn what to do? And what not do ? 

Bad reviews by guests speak a lot about you. Bad reviews are not healthy for any organisation.

" Poor guest satisfaction renders negative reviews". 

Unsatisfactory guests reviews are often take it to internet in morden business which can be hazardous to your business.

As well as reflects in bad mouth publicity.

One such bad review can attract plenty of other, bad reviews too influence many other potential guests. The ripple effect is might end up with loosing existing guest for life.

The best way to deal with the nigative reviews is to "RESPOND" to them promptly and politely . Reply to there pain points and try to restore their faith in you again 

Your response to nigative reviews helps other guests decide whether to visit you again or not.

Unfavorable market conditions, Standing changes are often passing movements the market you operate in is no different than the other.

When economy is at down turn. Value fluctuations of assets and business subsequently review can be dead expensive .

Poor market timing, declination in year over year resulting in compact revpar which includes you are falling through cracks.

If you have ample capital and refinancing resources and work force, you can pull through the distressed downtown environment and possibly recoup your CAOEXP otherwise it may bring about force closer or bankruptcy.

If you don't have a comprehensive knowledge of conventional operations in industry, then all you need is concrete advice.

Staff selection : "Selecting result oriented work force " And Building a team of reliable employees is a key to success in hotel industry " It is a ultimate investment in your business ! 

Let me explain , incompetent Staff management leading to amature performance.

Hiring inexpensive staff or readily available staff can cost loads to your business. When such project is administered by amateur hands it would eventually costs leads to "SUBPAR" results or complete disaster too.

Incompetent people in operations create impedance for an organisation to operate in full swing when your staff is not adequately skilled which increases Contingency.

However recruiting right people can prove to be a difficult job. Right people with solid track record have diligence to directly impact business performance to the remote line.

Employees Dissatisfaction : Hotel Properties that don't have a "Defined people Culture" always face a hard time in business.

Reason is simple "How would a Discontent Staff Create a Pleasent Ambiance for Guest ? When your hotel is resolute to serve guest in a best manner you need a conventional victorious team afforts.

" You can not build a winning team of people "Keep Coming & Going " 

Educate, Motivate & Inspired your staff, provide them with feature growth and advancement and cultivate the hormonious mindset, arrenge them and reap the rewards.

Get yourself involved and enrolled in an online marketing class to learn nooks and crannies and to master all those morden marketing and advertising strategies and tools.

However before jumping in the unpredictable results all you need is right system and right strategies to achieve long term results. Because the success of any business is based on two major aspect of the business 1) Incorporate philosophy of the business 2) Policy of your business .

Remember Compition in the business is invitable , If you are serious , you should encourage the competition and except the challenges , You can not escape it! Only way out is to develop " Warriors Mindset" 

Conclusion : Being a hotel business owner it is imperative for you to understand the key elements and performance indicators determine and control business course.

Lack of integrated business system can lead to poor administration.

There are plenty of services and solutions are available that suits your hotel business plan and property type.

Impliment them and makes the most of it.

Final Thoughts : Houspitality is a service industry. Unlike other business it needs to be actively managed consistently and 365 days a year. And day after day. you need to have system, processes, policies, plans & Purely analytical mindset to servive and succeeded . Don't just Sit back and hope for it to get better, take a quick and wise actions when you Vibes that is failing a part.

I hope eventually now you have understood and have read this article than you are all set to dive in hotel business. " JUST ROCK IT" Thanks me later.

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NAME : Abhiraj Waghmare

MOBILE NO : 8830798050

EMAIL ADDRESS : waghmareabhiraj23@gmail.com