Crito Hospitality specializes in a comprehensive array of services tailored to the hospitality industry. With a proven track record of successfully opening and transitioning numerous hotels, we bring a wealth of expertise to enhance your business's performance.
Crito Hospitality's diverse range of services empowers hospitality businesses to optimize operations, increase profitability, and adapt to changing market dynamics. We offer tailored solutions designed to elevate guest experiences, streamline operations, and maintain competitiveness in this dynamic industry.
For inquiries or to explore how we can assist your hospitality business, please contact us.
Our core areas of focus encompass:
Hotel Management
Whether in ownership transition, or developing a new hotel, independent or branded, daily hotel operations and preparing a critical path to success is a specialty of Crito Hospitality, having opened or transitioned dozens of hotels.
Feasibility Underwriting
Revenue Generation
Direct Sales Planning
Systems Migration
People Leadership
Public Relations
Digital Marketing
Financial Planning
Competitive Set Analysis
Asset Management
Property management of a hotel asset requires a disciplined, daily approach to effective asset management. Crito Hospitality has developed a systematic approach to managing your asset, whether independent or branded, so that returns are at peak levels. Long term strategic planning imust be balanced with current initiatives to provide an effective strategic plan
Strategic Planning
Quarterly Tactical Goal Setting
Weekly Dashboard Reporting
Monthly P&L Review
Monthly Forecasting
Annual Budget Planning
Capital Expenditure Execution
Financial Planning
Developing an accurate financial plan is fundamental for a hotels success. Crito Hospitality will prepare a deep dive analysis of the local market conditions, and how a property is positioned within that market. From this, detailed budget models will drive present year success, with the long term strategic business plan
Competitive Set Analysis
Positioning Review
Proforma Underwriting
Budget Modeling
Labor Modeling
Five-Year Strategic Business Plan
Daily Revenue Analysis
Key Metric Dashboarding
Direct Sales
The direct sales efforts are considered by most hotels to be the most fundamentally important discipline to the success of a hotel. With many sales efforts lacking strategic intentions, Crito Hospitality will first assist in defining revenue potential, and then build an effective direct sales plan to achieve this potential. Key strategies and tactics will be defined, with an incentive plan custom tailored for the needs of each hotel
Revenue Potential Analysis
Template Development (Contracts, Proposals, Standard Forms)
Segmentation Contribution Analysis
Sales Systems Analysis
Incentive Plan Development
Sales Goal Modeling
Site Inspection Standards
Business Development Planning
Strategy and Tactic Development
Catering Space Utilization
Marketing
The world of marketing is changing right before our eyes. Website strategies, aligned with strong digital strategies and 360 degree social marketing practices will ensure an effective marketing plan. Never has the online reputation been so critical to your success, as the choices of hotels and distribution channel options are literally at the guests fingertips. As we balance the challenge of diminishing marketing budgets with increased ROI expectations, let Crito Hospitality develop marketing strategies custom designed for your needs
Marketing Plan Development
Public Relations Planning
Advertising Plan Creation
Digital Marketing Planning
Collateral Development
Logo Creation
Brand Identity
Guest Relationship Management
Marketing ROI Analysis
Reputation Management
Catering Sales
The contribution from catering sales can be a cornerstone of revenue generation. With that in mind, Crito Hospitality has vast experience in this discipline. From defining revenue potential, to positioning within the competitive landscape, to creating best in class sales and collateral programs, Crito Hospitality will maximize this segments revenue contribution, and improve overall hotel financial performance
Revenue Potential Analysis
Space Utilization Review
Price Positioning
Package Development
Key Strategy & Tactics Development
Incentive Plan Creation
Revenue Management
Revenue Management as emerged as a key discipline within hotels, and as such is an area of focus for Crito Hospitality. Extensive excel modeling provides deep analysis of price positioning, STR forecasting, and detailed day by day analytics. With these tools, the revenue management process will focus more on developing key strategies and tactics, as opposed to completing reports. The system will also distill data into decision ready format
Price Positioning
BAR Rate Analysis
Weekly Yield Strategy Implementation
Historical STR Analysis
Forecast Modeling
Day-by-Day Revenue Planning
Future STR Forecasting
Rate Shopping Tool Implementation
Distribution Strategy Plan Development