This show is produced by Knowing Hospitality.
Knowing Hospitality is a full service hotel management company with a management fee based on profit, not revenue.
It's simple and straightforward.
Times have changed, and we believe that a radical departure from the hotel management agreements of old is long overdue.
That’s why we’ve built ours based on profit, not revenue.
It’s simple and straightforward.
While revenue is important, it means little if it’s all lost in the middle of the P&L because of non-negotiable brand or corporate programs.
Focusing management fees on profit instead of revenue means that we only get paid if you get paid. This fosters true alignment across all stakeholders.
Our best practices and creative strategies stabilize and reposition hotels to outperform their competitors as the market shifts and demands innovation.
The Details: We have to cover costs, even in down months, so we have a very low, base management fee to do this - the vast majority of our management fee is based on the incremental profit we drive each month.
Increased profit comes from a holistic and integrated management approach (Operations + Accounting + Sales/Marketing + Technology), paired with a targeted, analytical method to support all aspects of the business. This foster creativity, allows us to be nimble and responsive, and leverages industry best practices to address unique challenges that arise.
Every hotel is different. We don’t believe in a one-size-fits-all approach. Instead, we tailor approach to the individual needs of each property. We develop and execute a customized strategic plan that will push KPIs in the right direction and increase the performance of your hotel.
Our areas of expertise are:
Operations, Hotel and Food & Beverage
Accounting & Cost Control
Finance & Asset Management
Sales & Marketing
Safety & Risk Management
Branding & Positioning
Rating agencies (Forbes, AAA) and online review improvement
Service Training and Employee Development
Whether you need help with an independent boutique hotel, an established city center or resort property, vacation rental or any other type of lodging accommodation, we’re here for you.
We provide our hotel management and consulting services to a variety of clients including hotel owners, managers, corporate officers, investors and fund managers, banks & lenders, developers, and asset managers.
Visit us at knowinghospitality.com to get in touch with us. We can set up a call to discuss your project and the best steps for moving forward.