Analysis, commentWhen disaster strikes...(31 August 2006 00:00)Abnormal events have to be factored into business planning whether we like it or not, says hotel industry consultant Melvin Gold Once again, our tourism industry has had to deal with severe disruption caused by factors outside its control. Regrettably, the latest extraordinary events might just be becoming the norm. Article continues below
After last year's attacks, the market was quick to recover, suffering just a short blip in performance. Let us hope the pre-emptive actions of our security services, which appear to have saved us from yet another horrific attack, prove sufficient to reassure travellers they will be safe on our shores, and while travelling to and from them. Whatever the impact of such events, they do not detract from the need for hoteliers to focus on their business planning. I'm sure many have dusted off their disaster plans recently, but I wonder how many of these are out of date, how many staff aren't fully briefed, and how many hotels are still without any strategy at all. Surely the time has come to put comprehensive plans in place. Just look at what Britain's airports did during this latest emergency. OK, it didn't work perfectly, nor was it easy, but their ability to undergo such a complete change of operating practice overnight was still impressive. How would your business fare under similar circumstances? Financial planning is equally important. Variances against budget are part of normal hotel life, but it's worth considering some downside scenarios just in case your business is dramatically affected by external events. It may even be worth factoring such events into your plans since they seem, unfortunately, to be becoming regular occurrences. Recently, the hotel sector has seen busy times, but uncertainty in the market continues. It's worth spending some time considering what plans you have in place to cope with the unexpected. How can hotels improve their crisis planning? Daniel Braham, head of hotels group, Berwin Leighton Paisner Source: Caterer & Hotelkeeper |
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