article thumbnail

How to start a hotel management company

Les Roches

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.

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.