After actively participating for 18 hotel openings as a manager and hotel consultant, I am somehow surprised about the fact that most independent hotel investors unintentionally – but also intentionally – make exactly the same mistakes over and over again which always turn out to be very costly!
I am writing down these “top 10” mistakes in a hope that this list might help some developers and owners.
As we are hotel consultants, we sincerely believe that a consultant must be the most honest, transparent, straight-forward and therefore most trustworthy person close to the owners and investors.
A consultant’s intention should NEVER be to keep hotel owners and investors ‘in the dark’! A true consultant must educate advice and provide samples of good and bad practices. A hotel consultant must also be a good teacher – not a lecturer! We must guide and use all channels of communication to pass on knowledge to others. We choose to write articles in a hope that it helps and inspires others.
