In a world of change and power struggle, one section of beverages continue to dominate the whiskey market. The classic malts of Scotland each tell a story that is much more than the whiskey itself. It is a story of the land, the culture and the people behind the beverages. This post is about 5 …
Every business needs a budget to estimate how the year will pan Every business needs a budget to estimate how the year will pan out financially. A budget serves many purposes including making sure the right resources are allocated properly. For the purpose of making a budget, you need to follow the simple process: Calculate …
Online Travel Agents (OTA) have been in news for a few years in the middle of the conflict between distribution and booking direct. But what can you learn from them to help you in your business. Many things actually… Mainly how to use technology to induce buyers to buy. For them it does not matter …
Independent and unbranded hotels constitute 72% of the hotel in India according to a survey. However the market for brands seem to be growing rapidly and every day goes by when a new branded hotel enters the market with better distribution and reach. How can a single or small chain of independent hotel survive in …
I am sure you would have heard of the term Return of Investment. You put in money into the business and you want to earn money out of that. Hopefully more than you would get from a Fixed deposit in a bank. You have this expectation for a higher return because of the risk you …
In all your hotels you will have a restaurant either doing really well or a complete waste of space. If your restaurant does well, it is a good sign that the space allocated to it is being used well. However if it is not doing well, as an owner or operator you begin to question …