Remove Budgeting Remove Procurement Remove Risk Management
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Hotel insurance: Costs, coverage, and requirements

SiteMinder

The cost of your insurance will largely depend on: Size of your hotel : Larger hotels generally require higher coverage and therefore higher premiums. Location : Is your property in a high-risk area (e.g. natural disasters or crime)? If so, the insurance costs will likely be higher. Remember to read the fine print.

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Key Ingredients for Effective Vendor Management in Food Service

Synergy Suite

Proactive risk management measures, such as supplier diversification, further buffer the restaurant from unexpected vendor-related challenges. Know Who To Call Effective communication is the cornerstone of vendor management, ensuring all parties stay aligned and issues are addressed promptly for seamless operational flow.

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How to create a business plan for a hotel

Les Roches

Risk management Risk management is essential in any sector, including the hospitality industry. Specify whethe­r it will be a boutique guesthouse­ or budget lodgings and mention your target custome­r base. Will you be catering to tourists or local busine­sses?

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Everything you need to know about resort development

Les Roches

Resort development is a complex discipline, requiring meticulous planning, strategic design, procurement, construction, operations and marketing. This guide covers everything you need to know about resort development, from planning a resort to effectively managing a thriving destination.