Remove Accounting Remove Guest Satisfaction Remove Revenue Projections
article thumbnail

Wurzak expands third-party management services

Hotel Business

.” WHG currently manages a portfolio of leading brands and independent hotels and provides the following management services: hotel operations, food & beverage management, revenue management, spa operations, capital budget management, accounting services, human resources and IT services.

article thumbnail

How to start a hotel management company

Les Roches

Some of the main current trends are: Sector growth: the hotel and tourism industry accounts for 10% of worldwide GDP and turnover is steadily growing, making it a good opportunity for new businesses Technology integration: the hotel management industry is using more and more technology to improve guest experiences and streamline operations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Everything you need to know about resort development

Les Roches

This involves estimating construction costs, operating expenses, revenue projections and return on investment (ROI) calculations and identifying potential risks and opportunities. They then devise financing strategies to secure funding for the project to cover these costs and contingencies.

article thumbnail

How to start a hotel business plan

SiteMinder

Research the current and projected demand for hotels in your location, taking into account factors such as population growth, tourism trends, and economic activity. Revenue projections: Estimate your projected revenue for each revenue stream based on your occupancy forecasts and average revenue per available room (RevPAR).