Hospitality Consulting

What is hospitality consulting?

Hospitality consulting grants companies operating in the hospitality industry access to advice and support from advisors generally known as consultants, who are hired to assist with a particular issue, or exploit an opportunity that falls within their area of expertise. Individual consultants typically specialize in one hospitality subfield, such as hotel management, asset management, risk, and revenue management, commercial strategy, and more. It is common for multiple hospitality consultants to be working with a hospitality consulting firm, which is then capable of offering a client access to consultants belonging to different subfields all under one roof. Hospitality consulting is available to independent and branded hotels alike and can be beneficial to boutique hotels, urban hotels, resorts, and more. There are different levels of hospitality consulting based on the level of expertise and experience of the consultants: SSP works exclusively with consultants with decades of experience and impressive accomplishments— who we refer to as industry experts — which means we can offer nothing but excellence for all project-based consulting assignments.

Why do hotels hire hospitality consulting firms?

There are many reasons why a hotel company may choose to go with a hospitality consulting firm: lack of in-house expertise, the specific nature of a newly arisen problem, or the need for a fresh perspective that would elevate their hotel business and make it more competitive. Using an outside resource also allows a client to quickly address their immediate needs, with limited exposure to ongoing internal costs and increased agility in their responsiveness to the changing market dynamics and focus on total revenue management.

What is the difference between project-based industry experts as proposed by SSP and hospitality consultants?

One of the main advantages of hiring independent hospitality consultants who belong to the industry-expert category is their knowledge of these changing market dynamics based on decades of experience and their subsequent capacity to not only identify the correct strategies for each company but execute them with long-term, measurable results in and beyond the initially problematic or inefficiently functioning area.

Whether you are looking for assistance with food & beverage, revenue and asset management, financial models, marketing analysis, financial expertise, or overall business guidance, you can rely on our experts not only have senior-level experience in their field but also superior project management skills and can run day-to-day operations, thanks to which you can be sure your project will run smoothly and efficiently.

Why should I hire a hospitality consulting professional?

The term hospitality consultant can be understood in many different ways. All consulting services offered by SSP are carried out exclusively by a particular type of hospitality consultant — industry experts with extensive experience in the hospitality industry who provide senior-level consulting services. Our consulting team is composed exclusively of professionals who have worked with leading hospitality businesses and management companies throughout their careers and can therefore maintain our standard of high-quality hospitality services. The experts we work with have a stellar track record as independent hospitality consultants, so we feel confident in recommending their services to our clients. Most of our hospitality consultants and restaurant consultants also work hand in hand with other professionals or company owners with a proven track record in related disciplines and are able to call on their services if needed. By hiring our professionals, you, therefore, don't only gain access to their expertise, but also to the wealth of business partners who they can contact if needed.

Why do hotels hire consultancy services?

Hotels often hire hospitality consultancy services to fill a gap in talent or seniority that they may be experiencing in a particular department. This is a cost-effective solution, as hotel consulting tends to be project-based, yet, in the case of SSP consulting, delivered by senior industry professionals who can also use their hospitality experience for training purposes, thus providing solutions that benefit the hotel on a long-term basis. Hotel consulting also gives hotels access to senior-level expertise which may not be available on an in-house basis. Having a senior professional amongst them usually benefits the project management teams and has a positive effect on employee motivation, team development, and in turn, client satisfaction.

Independent hospitality consultants and consulting firms can also help hotel owners drive the profitability of their hotels by proposing better-focused solutions. The hospitality industry is multi-faceted and hotels typically need assistance with multiple aspects of their operation, which is why consulting services can be divided into sub-categories such as Revenue Management, Operations, Food and Beverage, Sales, HR, Technology, Business Development, and more.

How do you become a hospitality consultant?

The most important qualifications needed in the hotel consulting sector are specialized knowledge of sales and marketing tactics and years of experience managing hotel operations.

What does a hospitality consultant do?

Hospitality management consultants are highly trained advisors who support hotels in managing changes and optimizing operations.

What is a hospitality consulting?

Hospitality management consultants provide high-level advice on managing change, optimizing the operation, and generally increasing the profitability and overall performance of the properties, hotel groups, or portfolios.

What are the 5 main services included in the hospitality industry?

While the hospitality business includes various different services, it is generally divided into 5 different industries. The sector covers the food and beverage industry, lodging, recreation, travel, tourism, and events.