Beating Recession and beyond: Value for money

www.naharhotels.com

Value for money

Friends,

Hi, A little into on what i am doing and what i am here to achieve atleast in the present scenario.

I am pursuing my MBA from Alliance Business School and together owning a hotel here in Bangalore called Nahar Heritage. A three star hotel with 2 banquet halls a multi cuisine restaurand and 48 rooms well furnished and recently renovated. From the past 1 year we have seen sales go down to presently now 20%. Hit hard and have nowhere to run.

Now here in Bangalore have just seen things change over night. Rules,Politicians,Friends and let it be your girl friend for that matter. If you are thinking of your work organisation they are filled with politics and can drive you to any extent to believe things even way beyond imagination. I say "Trust none and make them feel most trusted".

Presently there are few dramatic changes i have noticed in the world of hospitality, competition has never been at such low standards. People just losing their image to ground zero for may be a hundred reasons. To name a few, Business, Loans or debt pressure, Pressure from the directors, Pressure over time and the maddening recession. All this has changed business here to the "survival of the most cheapest " The one that gives everything possible for peanuts. I am really seeing the worst of market ethics and buyer behaviour. Quality has become secondary and price is ruling the market.

I have a good example to show you the restaurant segment is trying to survive in Bangalore. Outside almost every hotel in Bangalore today you can find a banner saying a great catch phrase and below that prices as low as a local restaurant. I swear a 3 star deluxe hotel giving prices of a road side restaurants. An offer like unlimited Beer,Kababs and biryani at Rs399($ 8). Just the chicken a couple would eat would cost that much. This kind of banners are found all over Bangalore now.

Here i am lost in the market not able to compete with a better idea. Just thinking about it day and night, no funds available and every small investment is costing me a million dollar deal.

"God save us"