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Market Research Report

Benchmarks for Excellence in Hotel Management: A Best Practices Analysis for the Caribbean Market

Published by Best Practices, LLC Contact us : +1-860-674-8796
Published 2008/01 Content info Pages: 73
Product code BEPR58868
Price From  US $ 1100 Order/Price list
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Description TOC

Abstract

As the service sector continues to expand in today' s economy, the hospitality industry also experiences rapid growth accompanied by a heightened demand for superior customer service and a stronger need for process optimization. This benchmarking report offers insights and guiding practices for hotel managers who seek to improve or redesign internal operations with the goal of gaining and retaining customers; building a stable, service-oriented workforce; and optimizing overall hotel profitability.

The hospitality industry is of central importance to the overall Caribbean economy and the competition for tourism dollars among the islands is growing intensively. This report outlines best practices, productivity measures and lessons learned for managing hotel operations successfully while taking into account unique attributes of the Caribbean economy and culture.

Chapters in the report highlight best practices and metrics for operational performance; customer service excellence; personnel development; and marketing excellence.

This best practice benchmarking study employed a two-pronged data gathering approach. The field research team designed and conducted a performance benchmark survey that gathered statistical insights from nine of the participating hotels, representing a cross-section of the industry. The Best Practices research team then conducted in-depth interviews with more than 15 key functional leaders at 10 participating hotels to harvest qualitative insights, process excellence observations and managerial lessons learned.

The report evaluates multiple fronts of hotel operations that have greatest impact on customer service excellence. Some areas are directly related, such as training staff for attentiveness and courteousness in guest interactions, and effectively managing complaints. Other areas are indirectly related, but no less important. Incentives and recognition programs, for example, help sustain staff energy and morale so that customer service levels are maintained over the long-term.

Well-planned, yield-management systems help managers maximize profit in high and low seasons, anticipate swings in business and plan for staff and resources accordingly, so that the customer experience remains consistent. Fully realized marketing plans help managers define the customer segments most important to their financial and strategic goals and enable them to plan accordingly.

While any one of these areas could be benchmarked fully in its own right, a complete overview study seemed the most applicable way to suggest improvements that would improve productivity overall.

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