HOTEL MONEY PITS: HAVE YOU FALLEN FOUL OF ANY?

Business consultant Bernd Reutemann shows us where the potential money pits are hiding (part 1)

The hotel business is complex and risky! Business consultant Bernd Reutemann points out the potential money pits in the hotel business and advises on how to keep costs under control. In this first part, you will learn about housekeeping and accounting.

Contributed by Bernd Reutemann

Hotels are getting bigger and bigger, tasks and processes are getting more and more complicated. There's more paperwork, more stress and more money. What kind of hotelier can keep their cool amongst all of that? Bernd Reutemann can. He is a former hotel proprietor and knows the profession inside out. Now, he advises companies and prepares them for the future. He reveals 13 potential money pits to the MEIKO online magazine. In part 1, he gives us seven tips on housekeeping and record keeping.

WHO IS BERND REUTEMANN?

He trained as a chef, gained a degree in business administration and went on to become a business consultant. Along with his sister, Gerda Reutemann, he ran the Bischofschloss Mindness® Hotel in Markdorf (near Lake Constance) for 15 years. The siblings now manage Hogahelden industry