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In the hotel sector, one of the biggest challenges facing investors is enterprise management. Ensuring a hotel operates efficiently and to its maximum potential presents a series of challenging tasks, and the requirement to oversee several income-generating spheres of business. They are: guestroom inventory, restaurants and bars, conference halls, business centres, health centres, shops, boutiques, and ticket booking services. The challenge lies in not only managing each of these separate areas, but also to ensure their coherent interaction for the organisation of the entire system as a whole.
One of the most challenging tasks in hotel operation management is the coordination of services and units. All hotel services must have unified document flow. Reporting systems across all departments should be cross-cutting for the whole enterprise. The hotel must have clear mechanisms to transfer information between departments and from the administration of the enterprise. Poor communication will have a disastrous impact on the quality of the hotel\'s services.
In fact, the hotel is a complex diversified enterprise of a closed cycle. A competent manager realises the importance of all hotel services and creates conditions for the smooth operation of each unit. The asset manager's role is to support units with company resources and to limit them with the systems of control and interaction with other departments.
TFG Asset Management understands the role each department must play to ensure highly effective hotel management. Each department requires equal attention and optimal resource distribution. Otherwise, the hotel fails to meet guests’ demands.
Rising competition in the marketplace puts serious pressure on hoteliers. It prompts them to improve the quality and specifics of the services they provide. TFGAM’s Hotel Asset Management team keeps track of the hotel’s daily activities. It monitors expenses, budget, cashflow and capital expenditure. Besides, TFG Asset Management’s task is to ensure the hotel operator is providing the highest possible level of service at all times.
