Finance
Boutique Hotel
|| ABOUT
The boutique hotel client is a growing luxury property boasting 300 rooms, fabulous banquet and meeting spaces, and a superb bar and restaurant. The client was looking to increase both revenue and occupancy to help better the success and stability of the brand.
role
Financial Advisor,
Hospitality Consultant
client
date
category
Boutique Hotel
March-May 2022
Accounting, Financial Analysis, Client Management
|| PROBLEM
The boutique hotel client sought to improve financial performance and operational efficiency over a three-year period while addressing rising operating costs and revenue stagnation.
|| RESEARCH
I lead the detailed three-year financial analysis, preparing income statements, balance sheets, and profitability reports. Research also included the comprehensive analysis of inefficiencies in departmental operations and developed strategies to optimize pricing, staffing, and expense allocation.
|| SOLUTION
Assessed recommendations included targeted adjustments to reduce uniform costs by 26.82%, cut training expenses by 55.26%, and increase breakfast sales by 48.62% through revised pricing and promotions.
These efforts along with renegotiating corporate partnerships and optimizing seasonal rates would result in a projected increase in group room revenue by 40.49%