Hotel News ME is to give readers exclusive insights into effective hotel pre-opening strategies, thanks to a new partnership with TFG Asset Management.
The two Dubai-based hospitality industry powerhouses have joined forces to launch TFG Asset Management’s brand new Hotel pre-opening strategies white paper in the September issue of Hotel News ME.
The comprehensive research paper spearheaded by TFG Asset Management’s head of asset management Mariano Faz and his team, aims to provide practical insights into how hotel operators and owners can de- vise ‘successful pre-opening strategies in a timely and efficient manner’.
According to Pricewaterhouse Coopers (PwC) quoted in the paper, more than 60% of hotel project failures take place in the fifth phase of the hotel development process – the pre-opening activities.
Reasons for this are many but include missed deadlines, change in scope and deficient resorts.
“Our pre-opening strategies paper will discuss what steps the parties involved in the fifth stage of a hotel’s development can take to combat common pre-opening issues,” explained Faz.
“From budget management strategies to fostering better communication between operators and owners, our paper is a comprehensive how-to guide for everyone to follow.”
The paper has been compiled with the help of hospitality experts includ- ing general managers with proven pre-opening experience. “If all parties follow our hints and tips they can look forward to a stress- free experience next time they prepare to open a new property,” added Faz. In addition to the Hotel pre- opening strategies white paper being distributed with the September issue of Hotel News ME, the publication will also run an in-depth feature on this hot topic.
“Hotel News ME is a publication for hospitality professionals that thinks outside the box, providing information hoteliers and owners need to know to run their businesses and their assets more effectively,” said Diarmuid O’Malley, group publishing director at BNC Publishing, which publishes Hotel News ME.
“By partnering with TFG Asset Management to launch this exclusive white paper we are arming our readers with the tools and knowledge they need to operate effectively and efficiently in this fast-paced industry,” he added.