MBB Management is dedicated to providing you with the very best range of hotel 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, to 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 have the discipline and experience to initiate, plan, execute, control and close the work of a team to achieve specific goals and meet specific successful criteria. MBBs 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 the brand’s image, giving it a new look and feel with the goal to sway a customers 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 other reasons a business might want to present a different brand image. Possibilities include repositioning the company and 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 has the ability to help in several banquet service management aspects, such as, examining existing banquet service programs. MBB will then provide suggestions, based on expertise, on how you would improve those existing banquet operations. MBB also has the ability to design new banquet menus and oversee entire banquet and convention services department. Our team will create standard operating procedures and all operating manuals needed to successfully manage all banquet and conventional businesses.
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 maxims in high demand periods, it helps to 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 period.
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’s group sets the industry standard for high-quality, thorough 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 offer hotel feasibility studies, restaurant & bar feasibility studies, golf course feasibility studies, ski resort feasibility studies and conference center feasibility studies.
Our areas of expertise are backed by more than a hundred years of combined experience. We know exactly what it takes to make your hotel a successful one!