Hotel Rest Hotel and Restaurant Research Paper

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In order to capitalize fully on the market segment of travelers in search of convenience rather than a particular destination or certain luxuries, affordability and a consistent level of basic quality should be emphasized in both ventures. In addition, the separation of the hotel and restaurant branding is desirable in order to promote the greatest revenue from both ventures. In keeping with the convenience and quality aspects of both business ventures, and the need for consistency and careful management control without extensive owner oversight, Holiday Inn has been selected for the hotel brand and management company, and Chili's has been selected as the brand and operator of the restaurant.

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This combination should provide the revenue and profitability that the owners are seeking without engaging in necessarily expensive attempts to increase occupancy rates.

Profitability in the hospitality industry can be more difficult to come by than might be imagined, but it is not entirely elusive. With proper planning and control measures put in place and an effective diversification of revenue streams, the particular business under consideration in this scenario can definitely be made into a profitable enterprise for its owners. Continuing reviews of performance will of course be necessary to ensure continued profitability, but in general the business should run itself......

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Latest APA Format (6th edition)

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"Hotel Rest Hotel And Restaurant" (2012, March 21) Retrieved May 16, 2024, from
https://www.aceyourpaper.com/essays/hotel-rest-hotel-restaurant-55204

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https://www.aceyourpaper.com/essays/hotel-rest-hotel-restaurant-55204>

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"Hotel Rest Hotel And Restaurant", 21 March 2012, Accessed.16 May. 2024,
https://www.aceyourpaper.com/essays/hotel-rest-hotel-restaurant-55204
   

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