How Can Local Hotels Save Money And Survive The Cost Of Living Crisis? A Discussion

It is no secret that the UK cost of living crisis has impacted many businesses around the country. With inflation rising to an all-time high, companies must quickly learn how to adapt and save money to survive. One area of local business that is particularly struggling is hotels. This guide will focus on local hotels, sharing guidance on how they can save money. We cover it all, from bulk bedding to negotiations.

Switch To Energy-Saving Appliances

Essential appliances like kettles, microwaves, and ovens are necessary for any hotel. Not only do guests need a kettle in their room, but the hotel kitchen also needs appliances to help them cook fresh meals for hungry guests. Choosing to switch to energy-efficient appliances may be a hefty upfront cost, but it can save hotels a lot of money in the long run. You can find a list of the best energy-efficient appliances online. It is no secret that energy bills are rising rapidly, and switching to energy-efficient appliances can help many hotels combat this issue head-on.

Prioritise Staff Training

Staff who have not received extensive training will negatively impact the productivity of any business. Lack of workplace productivity - will drastically impact profit and could affect a company's reputation. Therefore, all hotels must prioritise staff training. By training your staff, you are helping build a strong workforce. There is less chance of costly mistakes being made - that would need to be rectified further down the line. Hotel managers can create training programmes using guidance online. The more support managers can give their staff during the early stages of their careers, the more successful they will be in their job roles moving forward.

Buy Bedding In Bulk

If there is one thing that a hotel needs to function, it is copious amounts of fresh bedding. Hotels go through a large amount of bedding each day, so there must be enough replacement bedding to help the hotel uphold its high standards. It is an expense that cannot be avoided, but luckily money can be saved by purchasing bed linen in bulk. Check out this bedding range from Absolute Home Textiles. Their extensive product catalogue is packed full of discounted bed linen to help keep hotels functioning. Their long list of positive customer reviews gives you peace of mind that this is a supplier you can trust.

Keep Up To Date With Maintenance

Maintenance issues can often be difficult to avoid. When a huge maintenance repair comes up, it can cost a hotel a lot of money to fix. Although some issues cannot be avoided, there are a few things hotels can do to monitor them before they spiral into a bigger - and more expensive problem. Keeping up to date with maintenance checks is essential. Ideally, every hotel should have a maintenance schedule, with a dedicated member of staff who is responsible for keeping on top of it. Ensuring washing machines and ovens in kitchens are working correctly can give hotel managers peace of mind that their equipment is up to spec. Regularly checking equipment allows hotel staff to spot minor maintenance issues early, so they can be resolved before they worsen.

Negotiate With Suppliers

Most hotels will require suppliers for things like bedding and food. If a hotel has chosen to stick with the same supplier for years on end, it could be missing out on potential savings elsewhere. Ideally, every hotel manager should regularly negotiate with their suppliers. Don’t be afraid to look for

cheaper deals elsewhere and bring this to their attention. Your supplier may choose to match the deal, or worst-case scenario, they will say no, and you can take your business elsewhere. Negotiation can be daunting for many people who lack confidence. However, there are plenty of negotiation tips online that can help you brush up on this skill.

Reduce Waste

Hotels accommodate many guests each day. So, it is no surprise that waste can soon pile up. However, hotels must do everything they can to reduce the amount of waste they produce, save money, and contribute to a greener environment. Using refillable dispensers, avoiding plastic packaging, and integrating recycling bins into the business are all great places to start. Hotel receptions can also reduce the amount of paper waste they produce by creating digital options for guest information. As for food waste, better stock management is essential. A system should be in place that allows hotel chefs to order the right amount of food each time.

Summary

By using these top tips above, many local hotels will be able to face the cost-of-living crisis head-on. Buying bedding in bulk, reducing waste, and training staff are all steps in the right direction. With enough extensive planning, local hotels can continue to thrive and make a healthy profit - while reducing their environmental impact.