Dear Colleagues,
Greetings from Bangkok! Trust you are all doing well.
First, we are almost half way through the year and Budget time is around the corner. Our 2017 budget planning milestone dates will be sent out to you very shortly. Now, it is very important that you critically review the rest of your 2016 forecast. It is extremely important for you to get your 2016 forecast right as it forms the basis for your 2017 budget. Please spend the required time to go through with your team all the revenue and expense lines in the next few weeks before you submit your June MPR report by the 7th of July. We will measure each hotel’s yearend forecast done at end June versus your actual results at the end of the year. So, be diligent in your process, be forward looking and realistic in your expectations.
Second, we have to see growth in our own channels and I cannot stress enough that you must do whatever is necessary to maximize delivery of direct channel bookings to your property. I have brought up rate parity as a major concern and please take this up personally with the concerned wholesalers and OTAs who are the major culprits of selling rates lower than your BAR rates. We have also advised all of you to have direct connectivity to our CRS for the major agents/OTAs and please stay on top of the dates that your property will need to go “live”. Staff productivity in your reservation department will definitely increase as these bookings will be totally seamless to your PMS.
Third, you must manage the key processes that involved high/medium level risks in your hotel. Our Internal Audit team has reported recurrences again and again and this has to stop. We would like you to formalize a monthly process to review all the required action plans to eliminate the risks that have been reported.
Please stay focus on achieving your financial goal as well as ensuring that you and your team are taking good care of your customers.
Thank you for your attention and have a good weekend.
Best Regards,