Last week, we discussed the hotel pre-opening critical path, which is a strategic roadmap that guides the successful opening of a hotel. It's a dynamic document that requires continued monitoring and strategic adjustments throughout the pre-opening phase. This last point is of crucial importance as the hospitality industry is constantly evolving, with market conditions, guest preferences, and competition changing rapidly. By continuously monitoring the critical path, hotel management can identify potential issues early and make the necessary adjustments to ensure a smooth opening and successful operation. Strategic adjustments may include:
-Changes to the marketing strategy.
-Adjustments to the budget.
-Modifications to the timeline to accommodate unforeseen challenges.
Overall, a well-managed pre-opening critical path can significantly increase the chances of a hotel's success in the competitive hospitality market.
For more details on how HVS can help with pre-opening and ongoing operations of your hotel to ensure the maximum market share and return, please do not hesitate to contact me.
#hvsamericas #hotelmanagement #hotelinvestments #hospitality
Congratulations to three fabulous HHM leaders on this list! Now the world knows what we have known for years! Rock on!!