What is an Accommodation Strategy Plan?
An accommodation strategy plan outlines the goals and objectives of a business in the hospitality industry. This plan is used to create a roadmap to success, or a plan of action, that when implemented can increase bookings, improve guest satisfaction, reduce expenditure, and increase revenue. It is a valuable tool for businesses to create and implement an accommodation strategy tailored to their specific needs.
What's included in this Accommodation Strategy Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Accommodation Strategy Plan template for?
The accommodation strategy plan template is for businesses in the hospitality industry who are seeking to develop and implement a strategy to increase bookings and revenue as well as improve guest satisfaction and reduce expenditures. This plan can be used to create an effective and efficient roadmap to success.
1. Define clear examples of your focus areas
When creating an accommodation strategy plan, it's important to define the focus areas that the plan will address. Focus areas are the broad topics that the plan will address and are the foundation of the plan. Examples of focus areas could include increasing occupancy, reducing expenditure, and increasing revenue.
2. Think about the objectives that could fall under that focus area
Once the focus areas have been established, objectives should be created for each focus area. Objectives are the goals that the plan will address and should be specific and measurable. Examples of objectives could include increasing bookings, improving guest satisfaction, reducing staffing costs, and increasing room rates.
3. Set measurable targets (KPIs) to tackle the objective
Once the objectives have been established, measurable targets, or KPIs, should be set for each objective. KPIs are specific and measurable targets that will help track progress towards the objectives. Examples of KPIs could include increasing average monthly bookings, improving average cleanliness score, reducing average hours per process, and increasing average room rate.
4. Implement related projects to achieve the KPIs
Once the KPIs have been established, projects should be created to achieve them. Projects are the specific actions that will be taken to achieve the KPIs. Examples of projects could include promoting special offers, increasing room cleanliness, automating processes, and utilizing preventative maintenance.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Once the plan is created, the Cascade Strategy Execution Platform can be used to implement the plan and track progress. The platform allows businesses to easily track KPIs, manage projects and resources, and measure success. This platform can help businesses see faster results from their strategies.