Question
Assuming your hotel has been successfully launched and achieved your estimated level of profitability at 3 years, what is the tactical report detailing your plan
Assuming your hotel has been successfully launched and achieved your estimated level of profitability at 3 years, what is the tactical report detailing your plan to manage your growing hotel. In this project, you will address specific concerns related to staffing, operations, and marketing your hotel. INSTRUCTIONS Describe your strategy for staffing your growing/mature hotel. o Discuss the cost of labor, including the type and number of employees you estimate needing. o Discuss your strategy for recruitment, selection, and training. o Discuss your compensation plan. Describe your operations plan for your growing/mature hotel. o Discuss the day-to-day operations of your hotel at full maturity. Provide details of how the business will operate and create value for your product or service. o Discuss the cost of capital including equipment, facilities, and information technology. o Discuss the management structure of your organization, including an organizational chart. Describe your marketing plan for your growing/mature hotel. o Discuss which modes of advertising you plan to use based on your target market and cost benefit analysis you developed. o Discuss your anticipated marketing budget for one year. Explain how you will allocate funds to market a business that is at the growth/maturity level.
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