Hospitality: Expanding Benchmarking Horizons for Growth
1/10/2012
Financial benchmarking studies—that is, the examination of direct and indirect competitors’ bottom-line costs, from labor to operations—can be a viable way for hospitality companies to discover new means to improve profitability, preserve cash, create growth opportunities, and, subsequently, generate capital. By examining such intangible assets as technological investments, quality of personnel, and work flow, many have even uncovered new techniques to promote better operations and financial performance.
Click here to read “Expanding Benchmarking Horizons for Growth” and learn more about the benefits of financial benchmarking, and what new areas hospitality companies are looking at today when benchmarking against others.
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