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All hotels have to spend money to do business. However with the credit crunch and world economic downturn, it is even more vital that spends on essential services like communications, energy, water, and waste management is managed effectively.
Although organisations are aware of the need to control their costs, many still struggle to achieve meaningful savings because they lack the time and resources to drive cost reduction programmes. Accountants KPMG concluded recently: “Businesses are under constant pressure to reduce costs, yet many find it hard to do so in a sustainable fashion. Nine out of 10 programmes fail to achieve their targets and the gains that are achieved appear to be short-lived.”
Management usually focuses on the headline prices of their essential overheads, assuming these equate to the total cost. Not so. Just because a supplier offers you a low price it doesn’t mean you will make meaningful, long-term savings. After all, how do you know if it’s the best price? What if their prices go up next month and you’re tied into a long-term contract? Will they apply minimum charges that push your costs up rather than down? Do you have time to constantly monitor your prices and check your bills?
Cost and purchase management specialists Auditel, suggest: “Those in the know are already making savings by employing the expertise of organisations that have the experience and time to obtain results. By so doing, they can access specialist knowledge, mitigate the financial loss of taking key individuals away from their core responsibilities and eliminate the costs of employing in-house resources.”
Auditel is helping hotel management to achieve major successes. Recent savings range from 33% on electricity, 29% on communications, 27% on gas, 14% on water and 15% on waste, to rebates of 18% and savings of 11% on sewerage.
At least one hotel has plugged their leaks. In checking a huge water usage, the consultant estimated a daily requirement of 3.4 cubic metres. The readings showed 30 cubic metres! Sure enough there was a leak. As the owner said: ‘He has quite literally stopped the profit leaking out of our business!”
Auditel - Highly effective cost management for the hotel and leisure industry
9th April 2013
Auditel the UK’s leading independent cost management consultancy, have found savings of many thousands of pounds on business costs for the...
How many companies do you need to manage eighty business expenses? - With Auditel, you only need one
12th September 2012
Business owners, directors and senior managers are having a difficult time.
Find the Best Mobile Phone Solutions with Auditel
3rd April 2012
According to Ofcom, “A whopping £4.8 billion is wasted every year by customers being on the wrong tariff.”
Multiflight signs up for electricity from 100% renewable sources with Auditel’s help
13th March 2012
Multiflight’s desire to be as green as possible has seen the company sign up for an electricity supply from 100% renewable sources.
“Integrity and Honesty ... Very Strong Business Model...”
21st February 2012
Established in 1994, Auditel serve thousands of clients ranging from small businesses to global brands such as Pizza Express, YMCA and...
Creating Sustainable Cost Management Through Outsourcing
26th January 2012
The recent study of 750 small businesses reveals that 78% of small business owners identify rising costs as the most significant threat to...
Auditel Tightens The Lady Magazine’s Purse Strings
9th January 2012
The Lady Magazine was founded in 1885 by Thomas Gibson Bowles, the maternal grandfather of the Mitford sisters
Industry Profile - Auditel Franchise offer Business Cost Savings Advice
8th November 2011
Auditel, the UK’s premier cost and purchase management consultancy, generate savings for organisations over an enormous range of...
Auditel provided invaluable training and support in the start up phase, and still do, even now when I have an established successful business.Gill Gibbon, Auditel Consultant since 2003