Hotel Consulting
MBB Management is dedicated to providing you with the very best range of hotel consulting and management services. We know how important it is to you to find guests to stay at your hotel, to brand yourself, to provide food and other amenities and even to find someone to manage your revenue and décor. All of these factors are what make a hotel successful, and they can only be successful if they are handled by a company that knows what it takes to complete these tasks correctly. We have worked with a huge variety of brands ranging from Marriott to Hilton, Super 8 to Wyndham and beyond. We have the experience and the expertise to make your hotel one of the best in the area. What can we do for you?
Hotel Inventory Revenue Maximization
A theoretical objective of a firm which attempts to sell at a price which achieves the greatest sales revenue.
Hotel Project Management
Our team of professionals at MBB has the discipline and experience to initiate, plan, execute, control and close all the work necessary to achieve specific goals and meet specific success criteria. MBB’s primary focus in project management is to achieve all of the project goals within the given constraints of a brand.
Hotel Rebranding or Reflagging
Rebranding essentially revitalizes a brand’s image, providing a new look and feel with the goal of swaying customer perception of the product or company. MBB takes the time to refocus the brand and set the company apart from all competitors.
There are many reasons a business might want to present a different brand image. Possibilities include repositioning the company and its vision to reflect a change of focus, setting the company apart from its competitors, updating the corporate image to appeal to a new market, expanding the business’ scope, and reflecting a significant merger or acquisition. In the case that a company wants to present a new image for reputation management, MBB has ability to positively guide a brand to distance themselves from past problems or issues.
Hotel Banquet Service Management
MBB provides help in several banquet service management aspects, such as examining existing banquet service programs. Based on our expertise, MBB will provide suggestions regarding improvement of existing banquet operations. MBB also has the ability to design new banquet menus and oversee entire banquet and convention service departments. Our team will create standard operating procedures and all the operating manuals necessary to successfully manage any banquet or conventional business.
Hotel Revenue Management
Is the application of disciplined analytics that predict consumer behavior at the micro-market level and optimize product availability and price to maximize revenue growth.
MBB helps to predict consumer demand to optimize inventory and price availability in order to maximize revenue growth. The purpose of Revenue Management is not selling a room today at a low price to sell it tomorrow at a higher price. Revenue Management also means selling a room at low price today if you do not expect higher demand.
Revenue Management is a concept that not only maximizes in high demand periods, but also helps stimulate demand in low periods while avoiding pricing cannibalism. Revenue Management is a long-term strategy that takes all revenue with their profitability into consideration so that you can sell low rates even in high-demand periods.
What Makes Hotels Suitable to be Able to Apply Revenue Management?
- Fixed capacity
- Perishable product
- High fixed costs and low variable costs
- Product can be priced differently
- Demand evolves
- Product can be sold in advance
- Market can be segmented
Hotel Feasibility Studies
MBB Management group sets the industry standard for thorough, high-quality market and financial feasibility studies. We understand that an insightful, well-researched feasibility study is the most important aspect of reasoned decision making when planning a hospitality property. Our studies assist our clients in the decision-making process as they determine how to proceed with a proposed project.
The Market and Financial Feasibility Study Includes the Following Components:
- Area, demographic, and neighborhood analysis
- Site review
- Proposed development recommendations and costs
- Market analysis
- Proposed development usage and pricing analysis
- Financial analysis
- Valuation analysis
- Comparison of value created to projected costs
As part of our studies we:
- Conduct extensive supply and demand interviews when researching performance levels of hotels and leisure real estate within local and regional markets.
- Utilize a sophisticated hospitality valuation and analysis model that provides a detailed analysis of a market by evaluating competitive factors, databases of financial information, comparisons with similar properties, and industry standard reports.
- Review data generated from Smith Travel Research, the Host Study, International Association of Amusement Parks and Attractions, the World Waterpark Association, National Ski Area Association, the American Resort Development Association, the National Golf Foundation, and the National Restaurant Association.
We also offer feasibility studies for restaurants & bars, golf courses, ski resorts and conference centers.
Our areas of expertise are informed by more than one hundred years of collective hospitality experience. We know exactly what it takes to make your hotel a successful one!
