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Entrepreneurs entering the hotel management sector must focus on operational efficiency, cost optimization and revenue generation strategies to achieve sustainable growth and success Staff recruitment and training: recruiting and retaining skilled and motivated staff is essential for delivering exceptional guest experiences.
Here’s what to include in your revenue and pricing section: Revenue streams: Identify all potential revenue sources, such as room nights, food and beverage sales, meeting room rentals, spa treatments, and laundry services. This might include unique amenities, services, or a distinctive atmosphere.
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