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HOTELS blogger Richard Hatter is GM of the Hotel Icon , an independent , 262- room teaching and research hotel in Hong Kong that in October was coping with the effects — including a 50 % drop in occupancy — of political protests . “ We had the choice of either adapting to the change or getting buried by it ,” Hatter says . In this environment , cash flow is king . His tips on keeping afloat : Scale : We rely heavily on casual part-time labor . Reducing your casual headcount and overhead , and sharing jobs will help the payroll . Tracking : My team and
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I review daily , weekly and monthly financial indicators to track the performance of restaurants , events and rooms business , looking at manpower productivity and profitability per job , week , guest , room and cover . We focus on our most profitable room types and services . Anything that is not selling or making a reasonable return is scaled or removed . Cross-training : Every F & B role is learned by at least one additional person ; staff members are cross-trained between F & B and rooms . Marketing : Direct marketing approaches target the local market . Bundling F & B offerings |
Protesters at a September school boycott rally at Hong Kong ’ s Tamer Park
with staycations for local families helps , and we are promoting long stay packages to drive less price-sensitive MICE business . Loyalty : It is essential to retain your existing customers . Focus on loyal local clients first for F & B by arranging in-house events to generate a local following . Unbundling : Consider dismantling costly packages and letting
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guests choose what they want to include , such as breakfast , evening cocktails and laundry , etc . Discounting : Reducing price will not drive demand if it does not even exist . Rather , focus on reputation and add service elements around quality and authenticity . Niche : Find what you do that is unique and drive that . We have promoted executive
MANAGING AMID UNREST
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education packages and leveraged our education expertise . Leadership : Hold regular weekly meetings , boost morale and ensure the team tracks and analyzes key indicators , financial reports and productivity , and is constantly looking for new ways to drive business . Value and quality : They will help you survive . Don ’ t overlook them !
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