How Hoteliers Can Compete in an Uncertain World
March 11, 2016 12:19pm
By Thomas Magnuson
You're 30 years old and you saw 9/11 happen when you were 15. You did all the right things, studied hard, worked hard. Now half of your life has seen headlines of market crashes, unemployment and instability.
Or maybe you are 60 years old and you remember the good days back in your 30's. When the amazing 1990's dot-com era exploded, the economy was so great it seemed like trees would grow to the sky.
We all know the problems facing us; now what we want to know is what to do about them.
For hoteliers, competing in an uncertain world comes down to a few basics.
Identifying the perceived problems, and whether or not they truly affect you.
Reduce risk with a few 'sure-bet' actions we can control.
Planning and executing.
No sailor controls the sea, but you can raise your income in an unstable economy by making some simple changes in areas you can control. Start today and you are on your way.
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Thomas Magnuson co-founded Magnuson Hotels as a home based business with his wife Melissa in 2003. Today, Magnuson Hotels is a top 10 global hotel chain representing 1000 hotels across 3 continents. Headquartered in London UK and Spokane WA, Magnuson Hotels has become the fastest growing hotel brand in history, adding more new hotels in the last 10 years than 8 of the top 10 chains combined. Magnuson Hotels’ newly formed global alliance with Chinese operator Jin Jiang Hotels forms a consortium of over 6,000 hotels worldwide, equal to the size of a top 5 global hotel chain. Thomas Magnuson is a Graduate of Harvard Business School, Pepperdine University School of Business and Tufts University.
Contact: Thomas Magnuson
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