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Operational CostReduction Switching to a cloud-based PMS can help hotels reduce their operational costs significantly. Lower Maintenance and Support Costs According to a report by Hospitality Technology, cloud-based PropertyManagement Systems can reduce maintenance and support costs by up to 30%.
Here are some thoughts on how propertymanagers and owners can promote both costreduction and loyalty—bringing together two aspects of propertymanagement that are not usually considered complementary to accelerate both profitability and revenue uptake. In fact, loyal guests spend, on average, 22.4%
Waste management: Food and beverage, linen, and cleaning are all areas where you can become more efficient, depending on guest preferences and staff effectiveness. Costreduction Efficiency and costreduction often go hand in hand but there are specific ways to reduce costs that don’t involve day-to-day operations.
For example, with a comprehensive PropertyManagement System (PMS), hotels can manage all front desk operations from a single interface, reducing the need for manual data entry and the risk of errors. Hope these cost-reduction strategies have given you the inspiration to turn your hotel into a more profitable business.
The breadth of available options may seem vast and includes propertymanagement systems (PMS) handling multiple establishments to niche applications dealing with singular aspects such as reservations or feedback collection. Different forms of automation, including self-check-ins and smart room features, are part of this change.
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