Are you in the Hospitality Sector
Are you in Hospitality?
Avid Partners has clients operating in the hotel and accommodation areas and have been working with these businesses to both streamline and grow their operations as opportunities emerge.
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The Hospitality Sector

 

Avid Partners has a number of clients operating in the hotel and accommodation areas and have been working with these businesses to both streamline and grow their operations as greater opportunities present themselves. Avid Partners have helped our hotel clients cut controllable costs and keep their businesses streamlined so that they are in a position to offer stimulus to attract guests to their hotel. Waste and overruns have been cut out of their business and costs are also monitored closely to ensure that the business isn’t overpaying in any key area. We also have clients marketing their products and services directly to the hospitality sector including furnishings companies, trade providers, fit out organisations, catering and events companies.

 

Hotels must also remain price competitive and market their products in an effective way to the target audiences that will likely be most receptive to immediate business (established overseas markets and new/emerging foreign visitors). Continued investment in product infrastructure will also be important as customers move up the value chain, as well as finding the unique balance between hotel prices and operating costs.

 

 

Sector Issues

 

The industry still faces a number of challenges to growth including:

 

  • Static domestic demand for rooms and guesthouses
  • Despite the upturn in 2012 only a 1% increase in occupancy was reported
  • Room rates are still heavily discounted for off peak times
  • Rural hotels continue to find the operating market difficult through lack of domestic tourists and a difficulty in attracting overseas visitors outside of the traditional tourist hubs
  • Sluggishness in key overseas tourism markets (UK, US)
  • Legacy debt and over supply issues
  • NAMA operated hotels still keeping rates artificially low in certain local markets
  • A three speed system appears to be developing with hotels in Dublin City Centre doing very well, the tourist hubs doing well (Killarney, Galway, Cork) with the rural areas lagging behind the more established markets

 

Industry Stats

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Solutions Include:

Avid Partners can provide you with a full range of accounting services to cater for your company's needs. Whether you require services to assist in compliance and legislation or day to day account management we have the best people to help you.

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Are you in the Hospitality Sector

Avid Partners can help reduce your tax bill and make life a little easier. In our experience taxation is an area companies and individuals don’t spend enough time considering.

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Are you in the Hospitality Sector

Put simply Avid Partners get to know you and your business before offering solid insights and analysis as your operation moves to the next level. Contact Us Today 01 4286900

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Avid Partners have a wealth of experience in its management ranks and have helped a wide range of clients over the years. Contact us today to see how we can help you.

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Avid Partners Helping Business Turnaround Their Companies. Our 100 Day Turnaround Plan can help turn things around and get you back to profitability.

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Cash Flow management is one of the most critical success factors for small businesses. Many successful businesses have ran into problems because of poor cash flow controls.

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Are you in the Hospitality Sector

Avid Partners offer services that take the hassle out of the administration of your business. These include: payroll, contracts, recruitment, company handbooks and outsourced staff.

more info on HR & Payroll Services for the Hospitality Sector

Sales and Marketing are at the heart of every successful modern business. Companies today must be marketing savvy and put their best foot forward. Contact Avid Partners

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Establishing and growing a business can be a daunting prospect. Many are unsure of where to start or how to get their vision off the ground. Avid Partners can help.

more info on Small Business Growth Unit for the Hospitality Sector

Scenarios:

In the last number of years due to the abundance of hotels and guest houses in the market and with the impact of NAMA run hotels driving down prices to fulfil their remit of keep the doors open, we have reached a situation where prices have bottomed out for many operators. For many any further pressure on prices will mean offering room rate as lost leaders to get people into their premises. As the industry continues to sort itself out and as state owned hotels revert back to privately run business the situation should improve and an emphasis on value for money will return over the lowest market prices.
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There has and will continue to be a divide in hotel occupancy between the popular tourist areas and the rural local hotels. Depending on where you are in the country you will need to adopt more of a "pull approach" to your hotels marketing activities to ensure that potential customers are reaching your shores. Specific areas that you can promote your hotel around include growth areas like: weddings, cultural tourism, festivals and events, food tourism, eco tourism, adventure tourism, short breaks, sports tourism, leisure pursuits, spa and wellness breaks, english language learning, developing markets (China), e tourism, business/corporate activity and the retirees market. Pick the targets that your hotel can cater the best for and be aggressive. Don't wait for your ship to come in, swim out to meet it!
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In our experience there are a number of areas a hotel owner or manager must be competent at in order to run a successful business. These include: • Building & Leading a great team • Always be prepared to learn and improve • Greet your guests in person wherever possible • Be prepared for emergencies and learn to problem solve • Build strategic relations with other industry companies • Be good at Internet Marketing • Ensure the hotel is properly equipped and to modern standards • Set standards for all staff to follow • Accept if not always agreeing with the adage "the customer is always right" • Keep the hotel clean and tidy
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Download our E-Book by filling in the form below. You will receive a download link where you can view the PDF. Many thanks for your interest!
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