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Understanding the Risks in Hotel Business and How to Survive

By Jamie Richardson | January 22, 2019

Businesses in the hospitality industry are very critical, they need constant updates to deal with the ever-changing needs and problems of their clients. To maintain their clientele, they need to improve on a regular basis. In this business, the risks are often greater as other business rivals are looking for anything that they can improve in order to provide their clients service better than any other. Hotel business insurance plays its role in the management and market, as an insured business is the most trusted one.

The following is a non-exhaustive list of risk exposures that are seen most often in the hospitality sector, and their solutions as well.

1. Food-Borne Illness

Nowadays foodborne diseases have increased, so food safety is the number one on the priority list in the hospitality industry. Some of the most common infections include salmonella, campylobacter from contaminated chicken, vibrio from raw shellfish and E. coli. It has been found that the main cause of foodborne illness is the Norovirus present in the contaminated food. Hence the hotels have to be very critical and vigilant about their food products.

To avoid such a problem, health care specialists trained in food handling should be hired. Sanitation, storage and health safety procedures should be kept in mind.

2. Continuously Changing Consumer Demands

The constantly changing demands of the clients have to be catered to the most extent. With the advancement in technology, it has been seen that the clients expect much more from the hotel management, as they keep comparing different hotels in the market. Hence to maintain the reputation and to keep with the customer service hotels have to change their policies and set up in a while.

In order to keep up with the market, the hotels need to increase their social media campaign. They need to keep a look on the online market, what they are offering, what is liked by the customers and then they might consider it and introduce it to their hotel.

3. Shortage of Experienced Personnel

Next problem is observed in all most every working sector, but i is more significant in hotel management, they lack experienced personnel. This hotel service industry is increasing, but they lack the workforce. Finding the right people for this job is getting difficult than ever, the people you find are at a very high cost, which most of the hotels are unable to adjust in their budget.

To overcome this problem the hotels should focus on referral-based hires and adopt retention programs that help boost employee morale and productivity.

4. On-Premises Security

On-premise security is a very high risk, with different types of people walking in every minute, maintaining security is a very tough job.

It is very important to increase the security for the people staying there, so security staff members should be hired, CCTV cameras, and walk through gates should be installed. Other than this very way in which you can improve security should be introduced.

These are some of the problems in the Hospitality industry, and the solutions on how they can be avoided. If you are in this industry, you need to keep all the potential problems and issues in mi

Jamie is a 5-year freelance writer who enjoys real estate. He is currently a Realty Biz News Contributor.
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