Review:
Strategic Planning For Hotels
overall review score: 4.2
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score is between 0 and 5
Strategic planning for hotels involves setting long-term goals, developing strategies to achieve them, and aligning resources towards these objectives in the hospitality industry.
Key Features
- Setting goals and objectives
- Analyzing market trends
- Developing strategies
- Resource allocation
- Monitoring and evaluation
Pros
- Helps hotels stay competitive in the market
- Improves operational efficiency
- Enhances customer satisfaction
- Increases profitability
Cons
- Requires time and effort to develop a comprehensive plan
- Market uncertainties may impact the effectiveness of the strategy