The major advantage of going outside of your own company for advice and feedback is obtaining an independent, detached, and objective viewpoint.
- An objective consultant could show you why or why you should not develop that new hotel.
- A consultant with detachment can provide input on your reorganization structure.
- A consultant can render an objective opinion on the current management of your hotel.
- A consultant give you feedback on your plans to reposition your hotel.
A consultant’s validated opinion to abandon the development or purchase of a hotel is merely one example of a “consultant investment.”
But if you can’t measure the results of your consultant investment then you’ll never know your ROI. Most buyers of consulting services are delighted to invest at a 5 to 10 times ROI. Often, as in the above examples the deliverables from a consultant could go even higher.
Thinking About Becoming a Hotel Consultant?