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reduce hotel waste for profitability

In a hotel, maintaining peak performance levels requires many resources. Figuring out how to decrease waste while keeping performance standards and levels high, is a challenge to say the least.

Yet, not figuring out how to decrease waste is bad news for your hotel on two fronts – the environment + the bottom line.

Negatively impacting the environment may also negatively impact your hotel’s reputation. It’s no secret that consumers are much more environmentally aware, and take notice when establishments aren’t.

The fact remains that wastefulness must be avoided, with efficiency and sustainability taking it’s place.

Total Revenue Management for Hotels

When it comes to revenue opportunities for a hotel, there are two main categories: Sales and Savings.

Both categories are useful and can be applied in different settings. Adopting strategies and implementing new tactics that save money by cutting back on a cost is very beneficial, and is more of a long-term strategy. Investing money up front, perhaps in some sort of product that can be sold, is also an excellent source of income for a hotel.

All too often the quick-pace of life gets in the way of taking the time to assess where more revenue might be saved or acquired, ultimately hurting a hotel’s bottom line.

We’ve compiled a quick list of some often overlooked revenue ideas for hotels from both categories. Ways to save revenue (thus increasing it over time), or to immediately increase revenue.

This week we’re finishing up our investigation into 3 major areas hotel owners can save money with earth-friendly practices. We’ve covered water and energy conservation in greater detail, and now we’ll discuss the category of material waste, which comprises many opportunities to save. According to CalRecycle, hotels in California alone produce an estimated 600,000 tons

HMG Hospitality

Our society is catapulting into sustainability. These “forward-thinking” practices not only help out the environment, but they reduce costs and increase the bottom line as a result. There’s an entire movement within this realm of thinking and acting, and you want to ensure your hotel is at the forefront of it.

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