In the hospitality industry, managing expenses efficiently is crucial to the success and profitability of any hotel. However, when faced with a distressed hotel asset, the task becomes even more challenging. A distressed hotel asset refers to a property facing financial difficulties, such as low occupancy rates, outdated facilities, or mounting debt. To turn such a hotel around and restore its financial health, a strategic approach to expense management is essential. In this article, we will explore effective strategies for managing expenses in a distressed hotel asset, helping owners and managers navigate the path to recovery.
