In recent years the strategy around asset management in the hospitality sector sector has shifted dramatically. Here is why the focus fundamentally changed.
The focus has traditionally been on cost control. Reducing the operational or flexible costs on the hotel balance sheet is what used to determine the profitability of a hotel. But not any more!
To control staff payroll, purchasing costs and overhead spending used to be the main components of the job of a hotel asset manager. With the rise of the internet and increased dynamics of hotel distribution we have seen a shift in focus over the last few years.
Read full story at: http://www.tnooz.com/2011/11/30/news/how-hotel-asset-management-has-changed-forever-and-why-old-models-are-out-of-date/
