Projects
Boutique Hotel well- being on the seaside, Croatia
Implementation of a financial system to analyze the Key Performance Indicators impacting the business and consequently in the decision-making processes: USALI P&L “Profit and Loss” statement.
One of the high-priority activities was to establish measurable goals related to the financial side of the business, with a strong maximizing of revenues and optimization of operational costs.
We agreed that the use of relevant data would become crucial to plan sales and marketing activities and make assertive management decisions throughout the upcoming financial years, hence Hoteliers Inspiration advises the implementation of a Management Control System throughout a USALI P&L format including a 12-month phased budget for the year 2023. The analysis, projections, and tracking performance of the business will also help owners determine the value of the business for selling the asset/ business.
Involvement
Our Approach
The property a 4-star Hotel on the seaside in Croatia, is a well-recognized family business with a long trajectory in the leisure business with the existing hard renovation it will be imperative to consolidate the 4 seasons all year around Villa.
We intended to implement the Generally Accepted Accounting Principles or GAAP, which means those conventions, rules, procedures, and practices, consistently applied, affecting all aspects of recording and reporting operational, and financial transactions in the hotel business which are generally accepted by major independent international accounting firms, with no exception in Slovenia.
Family Resort Hotel with Aqua Park in Slovenia
We repositioned this upper scale 4 star, by focusing on a strong business process optimization that prioritized a revenue management program and a operational cost control.
Revenue analysis by understanding and repositioning market and source of bookings.
Fully implemented USALI system to benchmark and track KPIs, supported by a business plan and S&M strategy plan.
In an effort to reduce cost of distribution, we developed and implemented a multi channel marketing and distribution plan. The hotel generated more than 46% direct sales, and have reduced OTA’s commission and intermediary cost by 19%.
RGI index reached for the first since the hotel opened it doors 10 years ago to 1.02.
Involvement
New Hotel Concept in the Julian Alps, Poklujka, Slovenia
A very unique project in Triglav National Park, Slovenia in an exceptional location where HI developed the whole concept of a upper scale boutique hotel including an assessment of the financial viability of the development, along with the concept and feasibility study we created Business S&M strategic plan for positioning property.
Financial forecasts and detailed investment analysis were conducted for the construction of the property. Detailed recommendations were provided on FF&E and OS&E, accommodation unit configuration, F&B and recreational facilities offering.
Involvement
Hotel Family Resort, Kočevje, Slovenia
Market and Financial Feasibility Study & Operator Search A upper middle scale profile project where Hoteliers Inspiration was appointed by a Real estate Agency to conduct a feasibility study in relation to a landmark hotel development Kocevje, Slovenia.
Based on comprehensive market analysis and anticipating post pandemic trends and financial assessment, HI created together with architects and designers a detailed concept, positioning, space programming and facilities specifications for a 85 key upper scale resort which included a 20 glamping units within the 7.6 hectares of land facing the lake.
Involvement
New Hotel Concept in the Julian Alps, Slovenia
The owners wants to increase the number of rooms by creating a two new accommodation products, apartments and thematic bunkers for an outdoor and sport lovers segment, the renovation and modification of spaces includes interventions within the existing building.
The business plan and market analysis shown a strong foundation to adapt services and facilities to match the various target groups (sports enthusiasts, families, youth groups, the business community) where the hotel is operating, the focus is on guests who are looking experience the nature and outdoor sports activities.
Involvement
Apartments & Office Building
Our study and assessment focused on upcoming post-covid market trends, with a short and medium-term residence hotel concept. The services and amenities designed were proposed to help travelers to discover new experiences and a way of living.
The main challenge was to anticipate and identify market opportunities and align it with concept and design, the result is a powerful storyline for the building conversion.
We carried out a preliminary financial analysis and a S&M plan to back up and support the renovation cost.
The overall concept focussed on apartments with amenities in the upscale décor range, living and working areas including a gourmet kitchen concept, fitness, and Executive meeting rooms just to mention a few.