One way to diversify your portfolio is to invest in a restaurant. But is it really the right step for you to take? Consider the pros and cons of restaurant investing to find out if it’s worth your time and money. Seeking advice from a restaurant management consultant is also a great idea. PROS…
Putting your money in hotels is one of the best things that investors can do for their investment portfolio. They won’t only diversify their investments and protect their funds, but they’ll also ride the growth of the hospitality industry and enjoy high returns down the road. Perry Group International is a hotel consultant California firm…
Running a hospitality business is rewarding both in a professional and financial sense, but it does come with a wide range of challenges. One of these is the fact that bars, hotels, nightclubs, and restaurants are prone to getting sued by disgruntled customers. In some of these lawsuits, the businesses were simply negligent and did…
Many investors think that hotels are out of their league. But, if you feel the same way, take note that this isn’t really the case! With some assistance from interim hotel management and hotel consultants you can rest assured in your new investment. Plus, putting money in hotels is something that every investor should consider…
The hotel industry has never been as booming these days, with more and more people travelling, not to mention the millennials who are looking for hotel accommodations where they can both work and play. With that, hotel owners can agree that their business is highly profitable if managed correctly. However, if there will be challenges,…
The hospitality industry is not immune to being served with lawsuits. Consequently, there are trends to these lawsuits that can be studied. These are a couple of the trends in lawsuits in the industry and some things a hospitality expert looks out for. Wage and Hour Prosecutions About 30 hotels each day are slapped with…
Heading to nightclubs has been a favorite of many people for years. As such, owners of such establishments need to make sure that the wants and needs of their customers are met. While they can always try out different methods on their own to see which one works, sometimes getting the services of a nightclub…
In early June 2016, Brexit had not yet happened and Donald Trump wasn’t yet hailed as the leader of the most powerful nation on earth. The hospitality industry was doing fine and was actually experiencing growth. It was also during the NYU International Hospitality Industry Investment Conference that data from STR and Tourism Economics showed…
Fashion isn’t the only industry where trends come and go; this happens in restaurants as well. There was a time when the guest experience in dining establishments was simply being served good food and offering great customer service. These days, a restaurant management consultant would consult with restaurants to offer services that go beyond that by offering,…
Running a nightclub can be a rewarding experience particularly if you’re passionate about the hospitality industry. However, it can also be challenging since there are a lot of problems that could cross your way from a nightclub management consultant prospective. These include: Staffing issues If you hire the wrong people, you can end up…