MOST HOSPITALITY BUSINESSES ARE OVERPAYING FOR THEIR ESSENTIAL SERVICES – AND DON’T EVEN KNOW IT

From guest internet to payment processing to room linens, most businesses in the hospitality industry are overpaying for their essential operating services – and don’t even know it

Evaluating the options that best balance your facility’s goals while ensuring optimal performance from your various business services can be very time consuming and frustrating. When was the last time you assessed your waste or merchant services contract and pricing? Is it time for your business to get a no cost, no obligation audit of some of your key services from Schooley Mitchell?

Waste

How predictable is your waste every month?

Variability in your waste from month-to-month makes a big difference to certain service providers.

Is your container size and collection frequency optimized?

Finding a provider that is both cost effective and meets your needs can be challenging.

Are your waste disposal fees changing frequently over the course of the year?

A professional audit of your expenses can get to the bottom of it.

Merchant Services

Do you reference the "effective rate" to evaluate how competitive your processing fees are?

A blended pricing structure makes it more difficult to fully understand all the factors impacting your fees.

Do you know how your current processing environment impacts your processing fees?

How you process payments and capture data can have a big impact on your monthly fees.

Have you asked your processor to provide you an "interchange-plus pricing" quote?

This pricing structure is often the least expensive and most transparent option.

Telecom

Have you conducted a recent usage audit across your telecommunications system?

In many cases, we find inefficiencies and redundancies in the number of lines and features.

Have you considered moving to a Voice over IP platform?

Cloud based telecommunications systems typically provide unique features at lower costs.

Do you know when your current plan automatically renews?

Companies typically only have a 30-day window to make changes to their current contract.

Shipping

Have you considered splitting your shipping business across multiple vendors?

Vendors tend to specialize in certain areas so playing to their unique strengths can reduce your overall costs.

Are you paying for unnecessary delivery guarantees?

Being more flexible on delivery times can significantly reduce your costs.

Do you review your monthly statements to ensure the correct charge codes are used?

Charge codes can be very confusing and require a detailed review to ensure you are being charged correctly.

MOST HOSPITALITY BUSINESSES ARE OVERPAYING FOR THEIR ESSENTIAL SERVICES – AND DON’T EVEN KNOW IT

Savings Delivered

Cottage Rental Company

80%

Telecom Savings

Large Hotel Chain

$43,000

Annual Card Processing Savings

Popular Motel Chain

31%

Waste Savings

Multi-Location Hotel Chain

$37,000

Annual Merchant Services Savings