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Cost Management I Ganesh Mathur I Hoteliers Trail (17)
Автор: Trail
Загружено: 2024-11-06
Просмотров: 46620
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Cost management is one of the keys to success in business, not to be confused with the cost-cutting.
It is all about how you manage the cost business and that can be achieved if there is planning ahead of time. When the budget or forecast is prepared, the cost management exercise is placed along so that the profit can be optimized.
The cost-cutting is a knee-jerk reaction and to be avoided so that it should not adversely impact the guest experience.
A proper plan for the low season or lower demand period assists in achieving a higher profit and guest satisfaction.
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