The hospitality industry has changed quite a bit over the last couple decades, and more changes are coming. But with our help, you’re going to see this isn’t a negative thing. Not at all. The more you know about modern property management around the world, the easier it will be to compete in the coming years.
Property management the contemporary way:
Technology can help – These days, if you don’t have a strong and fast network at your hotel, you’re going to be operating at a disadvantage to those owners who keep up with all the latest technology. Modern property management calls for extensive use of connected computers, laptops, tablets and even mobile phones.
Have a backup plan – If the computers go down or, even worse, are hacked, you want to make sure you have a plan in place. This includes backups of important files and a way to keep the hotel operating without computers. It will be hard but not impossible. Having the right property manager in this situation can make all the difference.
Green matters – While being environmentally friendly might not seem like it has anything to do with property management, thinking green needs to come from the top down. No matter who manages your rental properties, they need to think about helping the entire staff understand the importance of energy savings at your hotels.
Proper delegation – In the past, some hotels made every single decision to be run through one person on staff, usually the hotel manager. While major decisions should be made by upper management, handing off responsibility to lower level employees can do wonders for workflow when implemented correctly.
Thinking global – Many people travel the world for business and pleasure these days. Only hotels that truly understand the needs and desires of foreigners traveling to the United States can hope to latch onto that market and profit. Contemporary property management is all about thinking globally and acting locally.
Hiring process – You might think hiring people is easy these days, but finding employees who will show up to work on time and fulfill all their obligations isn’t as easy as you might think. Contemporary property management concentrates on the hiring process early. By hiring the right people, you can cut costs on retraining new employees every month.
Building a team – Managing properties is all about building a team of people all focused on a single goal – making guests happy in order to increase your profits. Contemporary property management concerns itself with thinking of the long term when building a team of employees. This takes time which is why many fail to do it correctly.
Looking at the seven points above, it’s easy to see how contemporary property management differs these days. Fortunately, there’s a way to get help with ensuring you’re using all the modern methods in the hospitality industry.
How to keep up to date
There’s a lot of news around the web on property management and real estate but not all of them have any value for those who is looking for latest trends. Our advice here is to monitor industry professionals’ blogs and news sections. Another valuable source is industry researches conducted by property management companies or other representatives of the industry. For example, there’s an extremely valuable white paper on properties, and especially hotels and going green. The authors provided us with strategies and practices that give real results and suit different types of properties. That is where you can learn a lot about managing your property according to contemporary standards.
By Julia Nenyukova from Sunshine Digital Marketing Agency
Sunshine Digital Marketing Agency is an international company that is focused on helping its clients reach their business goals through the highly effective channel of online marketing. We have offices in Russia, the UK and UAE, and operate worldwide offering professional website design and promotion. We take the time to understand your business and to create a unique website that gives your visitors a high-grade user experience. We deliver digital strategies based on the goals that really matter and, more importantly, we boost conversions and lift sales.
