Own A Hotel? Part 2, Another 10 Ways To Save Money
11. Revise your availability to the minimum nights stay at peak periods. Why let 5 different guests into one room
, when you can have 1 guest stay 5 days?12. Consider a recognised national accreditation unless your business is already well placed in the market already and wouldnt benefit from the value awarded and increased exposure on the internet.
13. Business Banking is a competitive market and there are various deals out there. You can get free banking 2yr deals which dont involve that much work in setting up.
14. Energy suppliers are an unfortunate necessity, but make sure you are not on an outdated tariff and ideally dont get tied in for too long.
15. Mortgage repayments, similar to energy suppliers. Make sure you are on a scheme that suits your business. Try to organise your payment schedule to get the lowest deal off the bank. Ie. If the bank charges extra for season only repayments, then organise your finances to use the standard monthly system.
16. Taking credit cards. Although you pay for this scheme, the money is in your bank within a few days earning you a little interest. Banks usually charge for handling cash or cheques anyway unless you have signed up for the free banking scheme.
17. Deposit/ No deposit. Tied in with credit cards, you can take deposits quickly and in advance of bookings. Try not to make your terms and conditions too stern though such as cancellation periods otherwise you may put potential guests off.
18. Do some or all of your own washing. In season, how much do you spend sending off towels and pillow slips at the laundry?
19. Consider reusable soap dispensers instead of packets of soap that are wasted after each room tidy/clean.
20. Service with a smile! Strike up a good relationship with your guests so that they will book directly with you in the future instead of through agencies where you will pay commission.
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