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Lessons for hotel operators
With travelers back — and more conscious of their spending than ever — operators welcomed the below pointers from one of our VPs of Sales on using data insights and the power of group purchasing to become more efficient and profitable in 2023.
The good news for hospitality businesses is that food and beverage spend (measured on a per-occupied room basis) is back up to pre-pandemic levels. Unfortunately, profits are still suffering because of the increased cost of goods across categories and increased labor costs. While this continues to present operators with challenges, your focus should be on minimizing the impacts with a GPO.
What can you do about it?
Align yourself with a group purchasing organization. More businesses see the value of streamlining their spending through a GPO. The GPO industry is expected to grow steadily in the coming years, due to increasing demand for cost-effective purchasing solutions. Additionally, the increasing adoption of GPO services by small and medium-sized businesses is expected to drive growth in the industry.
If you want to explore getting started with a GPO or switch to relying on the power of Entegra, let’s connect.