The Role, Cost, and Management of Hospitality Facilities
The hospitality industry consists of travel companies, hotels, resorts, transportation, and restaurants, whom all provide over-lapping comforts. Gradually, the hospitality industry has increased its focus on creating more and more facilities for their customers. Hospitality facilities management and design is a book that is dealing with management of different facilities in the hospitality industry. This is a classic book that has dealt with all aspects of hospitality management. David M. Stipanuk is the author of this book. The first chapter of this book entails The Role, Cost and Management of Facilities in the hospitality industry. The role of a hospitality facility is to provide an appealing visual environment, over all ambiance, experience, and comfort. Facilities also becomes an attraction itself, it should engage and entertain guests. A hospitality facility should also provide comfort, they provide warmth and protection. It should also provide the the structure to provide their guests with all of their necessities. These needs would include laundry, food, entertainment and many more. And last, facility acts as an identifier to guest. Example: A toddler cannot read, but knows what a Wendy’s Restaurant looks like. The Cost of Obtaining and Maintaining a hospitality facility is very expensive. One would have to consider the costs of Design and Development and Construction. Construction costs varies, and it depends on a number of things;
Type of facility
Complexity
Luxury level
In order to provide a return on investment, a facilities must be operated and maintained to maximize Operating profit potential and Real estate appreciation. One would have to decide the “who, what, when and where” for how they are going to obtain the working capital to get started. The cost of land, building and site improvements, other soft costs, Furniture, Fixtures and Equipment will most definitely follow. The proper design, quality, and budget control lead to
Type of facility
Complexity
Luxury level
In order to provide a return on investment, a facilities must be operated and maintained to maximize Operating profit potential and Real estate appreciation. One would have to decide the “who, what, when and where” for how they are going to obtain the working capital to get started. The cost of land, building and site improvements, other soft costs, Furniture, Fixtures and Equipment will most definitely follow. The proper design, quality, and budget control lead to