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MANAGEMENT CONTRACT

Operations

Supervision and Management


Provide the requisite services to correctly supervise and manage the HOTEL, ensuring the efficient operation of the facilities and optimising the use of the FACILITIES.

Pricing Structures


Recommend, establish and revise as appropriate the prices for all aspects of the hotel operations, ensuring that the pricing strategy meets the business goals of the client.

Repairs and Maintenance


Maintain the premises of the hotel in good condition and make recommendations for the necessary replacement, repair and renovation of the hotel premises. This would incorporate a proper preventive maintenance procedure and the implementation of energy saving measures. Negotiate contracts with suppliers, contractors and other parties in connection with the operation of the hotel to achieve the optimum conditions for the client.

Risk Management


Provide guidelines, procedures and systems to ensure that the hotel is correctly looking after health and safety risks, hygiene and personal injury requirements, as well as security and crisis management issues.

Capital Improvements


Present to the client recommendations and proposals for the development of the hotel facilities which would be appropriate for the hotel’s growth, profitability and image.

Publicity and Public Relations

Responsibility for the promotion of the hotel both internally to the residents and externally to the community to develop the awareness and the positioning of the hotel.

This would include newsletters, brochure, advertising (where appropriate) and publicity materials – all developed to enhance the hotel identity.

Finance Services

Accounting Procedures


Maintain proper accounting procedures relating to invoicing, purchasing, payroll and the general accounts for the hotel.

Assets Management


Maintain internal control measures and information systems to safeguard the assets of the hotel and to ensure the efficient operation of the hotel.

Operational Statements


Prepare and present monthly operational statements showing the gross revenues and results of the hotel operations, incorporating a review of the operations related to the financial budgets for the hotel.

Banking and Credit Systems


Develop adequate and proper banking procedures and policies to ensure the security of the hotel funds and to maximise the benefits from those funds. This would also include credit control systems to minimise the risk of bad debts.

Financial Budgets


Prepare annual budgets for the hotel and monitor the performance of the hotel against these budgets, including ensuring that the cash flow provisions for the hotel can be adequately covered. These detailed forecasts for the hotel operations will form the basis for the annual operations and are an important procedure for the client and the management company.

Taxation


Preparation and filing of all tax declarations relating to the hotel and its operations.

Purchasing Policies


Implementation procedures and controls for the acquisition of all stock and merchandise, including negotiating and dealing with all suppliers and vendors to ensure the best pricing and terms for the operation.

Personnel

Staff Recruitment


Engage the personnel for the hotel’s operation, varying the requirements based on the efficient and effective operation of the hotel.

Determining the terms of employment, levels of remuneration, benefits and working conditions of personnel in line with industry standards and the financial budget for the hotel.

Training Programmes


The development and implementation of training programmes geared towards staff retention, productivity and the implementation of new procedures.

This would ensure individual growth and internal promotion aimed at the long-term development of superior human resources within the operation.

Personnel Records


Maintenance of personnel files and records for all personnel to ensure that conditions of employment are fulfilled in accordance with local legislation and codes of practice. Monitoring and appraising employees ability and performance in all aspects of their work.

Interim Manager Services


In the course of normal business, the upper layers of management may become indispensable even for short periods of time. And in the hotel and spa and leisure industry today, industry best-practice may not allow for enough additional resources to cover necessary breaks in the yearly calendar such as annual leave. Emergencies such as bereavements or personal injury or sickness can devastate a business – particularly in extremely competitive markets and in remote locations.

The sudden permanent loss of top management for whatever reason causes a dilemma as the search and recruitment process for the right talent to replace specialist staff can take over 6 months in some cases.

Consequently, interim manager services inserts a specialist into a situation to ‘hold the fort’ and maintain stability in the business until adequate replacements are found or the gap has been bridged. This may be on a planned calendar to cover annual leave or on an emergency basis.

Physical Facility Reviews/Audits


There are three aspects to physical assets or facility ‘hardware’;

Reviewing and analyzing these in the context of each other can produce a facilities road map that can help to keep the facilities current.

Such an audit can also assist in avoiding sudden requirements for capital injections that can cripple the business. An assessment of capital replacement reserve status and additional funds to be set aside relieves pressure and anxiety on management – leaving the staff to focus on service delivery standards.

Management Reviews/Audits


To maintain high standards, it is often useful to have an independent review of current management practices. This ensures that industry benchmarks are being maintained but it can also be a way of introducing new contemporary ideas and policies etc to a business.

A planned and assisted Management Review is a constructive way for the management team to self-evaluate and set short-term and medium-term goals – for their department and for themselves personally.

This should be a two-way procedure where the management staff also make known their expectations from the employer and for their career.

Another alternative is to engage a ‘mystery shopper’ to experience and study the facilities and services on hand and produce a report and plan for remedial action together with targets and milestones on a timetable..

Systems & Standards Reviews


Whereas the bricks and mortar, fixtures fittings and equipment of a leisure facility are very important in allowing the best facilities and services to be consistently delivered to the user, the ‘hardware’ only goes so far. The systems and standards, policies and standard operating procedures, can differentiate two facilities with the same hardware. The ‘firmware’ can be altered and improved with very little or no investment or capital outlay. And yet the difference perceived by the user can be remarkable.

Staff Audit and Appraisals


In the same way that the ‘hardware’ and “firmware’ play their relative part in the service delivery process, the ‘software’ investment is not only the most crucial – it is by far the most difficult to get right – particularly in countries where the standards of hospitality are not so mature.

Joint Venture Team Formation


In the increasingly complex world we find ourselves, more sophisticated ways are constantly sought to creatively combine resources efficiently to gain an edge. Sometimes this involves joint venture formations that necessarily span different countries, cultures, legal platforms and banking rules.

Creating a fair and equitable JV in such trying circumstances can be problematic and without due care and diligence may not be long lasting. Raghuvanshi has built a solid platform of expertise and wisdom in this area around the Asia Pacific region



+91 7080512345

+91 8303512345

info@raghuvanshihospitality.com

K.Square, Plot.No.115 2nd floor,
kavurihills,Jubilee Hills,Hyderabd-500033