This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Highly Effective Cost Management For The Hotel And Leisure Industry

LONDON, April 3, 2013 /PRNewswire/ --

Auditel -    - the UK ' s leading independent cost management consultancy, have found savings of many thousands of pounds on business costs for the  hotel and leisure industry .

Over the last four years this industry, which is of substantial importance to the UK economy, has faced increasing headwinds. Household disposable income has declined and the Government imposed additional costs of £3.5bn per year since 2010. Thus trade remains far below the pre-2007 growth trend in revenues and jobs. Operating costs are also rising as energy inflation has averaged 4.7% per year since 2008.

The influential Hotel Business Review suggested that there are a number of low-cost measures that should be taken when it comes to optimising energy management. However, Chris Allison, Auditel's Managing Director, advises: "This is only one of over 100 typical business expenses. Few in the industry have the time or market experience to manage them all properly. Many acknowledge that cost management today is a vital function. There are numerous benefits in outsourcing this mission-critical task to specialist consultants, instead of diverting in-house resources from strategic roles."

The National Motorcycle Museum Group has the world's largest motorcycle museum, award-winning conference and banqueting facilities and two 100-bedroom hotels. It offers accommodation and a range of leisure facilities. Their Group General Manager appointed Auditel to carry out an audit on their essential business costs. Savings achieved were £39,386 on electricity, £7,760 on gas, £2,000 on fixed line call charges, £1,750 on fixed line service charges and £3,600 on PBX maintenance - a total of £54,496.

Besides these lower overheads, a major benefit to NMM with Auditel is the ability to call on their experience and expertise as they require. With Auditel as an outsourced, additional member of the team, staff can focus on their core business objectives. They will be confident in not having to pay more than necessary for their essential overheads.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.92 -0.75%
FB $117.92 -0.12%
GOOG $698.92 0.46%
TSLA $212.44 -4.50%
YHOO $36.93 2.60%


Chart of I:DJI
DOW 17,633.11 -18.15 -0.10%
S&P 500 2,048.42 -2.70 -0.13%
NASDAQ 4,717.2630 -8.3760 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs