Combating Rising Operational Costs Booklet
AHLA has developed resources focusing on improving efficiencies in recruitment, insurance, utilities, and property taxes. For recruitment, strategies include leveraging freelance support, offering attractive benefits, and creating a culture of care to reduce the high turnover rate. Insurance costs can be mitigated by using technology to prevent claims and conducting regular inspections. Utility costs can be lowered through sustainability initiatives like energy efficiency programs and tax incentives for green infrastructure. Additionally, appealing property tax assessments is recommended to enhance profitability, emphasizing the need for specialized consultants in this area.
The AHLA provides actionable insights and best practices supported by expert partners such as Hireology, Willis Towers Watson, and O'Connor & Associates. This collaborative guidance aims to empower hoteliers to navigate financial challenges effectively and foster a sustainable and supportive work environment, ultimately boosting both employee satisfaction and operational efficiency.