Why Running An Independent Hotel Can Be a Nightmare

Running an independent hotel is not an easy task. It can turn out to be a nightmare if you lack the proper experience or knowledge of how to effectively and successfully run a hotel. There are hundreds of small and big things that you have to be aware of in order to ensure the hotel you are running is not a complete mess.

That is why most of the hotel industry is dominated by franchisee hotels that operate under one brand or the other. There are various benefits of operating under a brand, among them is the support and assistance you can get from the brand. Running a good, successful hotel needs lot of experience. You can make use of the brand’s versatile experience.

Some of the areas where a hotel may need training, assistance or guidance include:

• Accounting
• Operations
• Reporting – financial reporting, operations reporting
• Revenue management
• Risk management
• Human resource management
• Sales and marketing
• Staff recruitment
• Staff training
• Quality control
• Maintenance of safety and hygiene standards
• Budget management

Each of the above are important areas or aspects of a hotel business. You will need specialists to handle these different areas. A person without sufficient background experience in hospitality management may not find it easy to manage all these areas efficiently.

As a hotelier makes a large investment in the property, with figures mostly running into millions of dollars, it is important to manage the day-to-day operations of your investment. You may feel the need of the assistance of professionals who possess the expertise needed to help you smooth out the problem areas of your operations, and be able to provide greater guest satisfaction in order to maximize your hotel’s profitability.

As a hotelier you probably have 3 choices:

• Run your own show if you feel you are capable enough to handle all of it by yourself
• Take the help of a consulting or hotel management firm
• Join a franchise brand

Hiring a good hotel management firm may be costly but it could be a good idea if you want to avoid joining a franchise. However joining a franchise may provide you some huge benefits like instant brand identity, resources, benefit from the marketing done by the brand, guest loyalty programs, etc.

If you want to join a fair, transparent and inexpensive hotel franchising brand that doesn’t burn a hole in your pocket, consider Stay Express. We are here to build your business and boost your bottom line – Join Stay Express