Hotel restaurants need to adopt strategies of standalones says Colliers

Posted under Catering News ME, News.
by Sophia Soltani | Published 3 years ago

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Damien Rizzi, Colliers MENA senior asset manager – hospitality, unveiled an exclusive new report on maximising profitability in hotel restaurants at The Big F&B Forum.
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The second edition of the event, hosted by Catering News Middle East, is took place on 20 September at The Westin Dubai Mina Seyahi Beach Resort & Marina, with more than 200 F&B professionals in attendance.

One of the key points Rizzi highlighted in his report was that hotel restaurants need to adopt strategies of standalone restaurants to succeed.

Rizzi’s top tips included:

  • Hotels need to increase autonomy for restaurant managers
  • At the development stage, outlet seating capacities should be allocated to each outlet based on its expected level of performance.
  • Conducting market research is a vital part of this process and will allow for optimal decision-making.
  • Expand responsibilities of restaurant managers to include direct involvement and control over support functions.
  • Seek accountability from the restaurant team to ensure the outlet’s performance is meeting profitability requirements.
  • Hotel restaurants would benefit from being viewed as separate business units, similar to stand-alone restaurants.
  • Increased independence would allow for quicker decision-making and swifter adaptation to the dynamic F&B market.
  • Maintain separate outlet P&L statements
  • Allocate undistributed expenses, fees and rent as an internal practice
  • Calculate the outlet’s break-even point to allow for better cost-control and increases visibility of the outlet’s performance.

Supporting The Big F&B Forum were some of the industry’s most influential suppliers: Al Rawdah, Official Breakfast Sponsor; Coffee Planet, Exclusive Coffee Sponsor; Banvit, Official Lunch Sponsor; Soft Drinks Sponsor, Waterfalls Brands, Support Sponsor African + Eastern and exhibitors, TSSC, Rational, Ronai, Pulsar Foodstuff Trading, Hotelity, American Garden and Quooker.

 









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