Hotel owners might be asking what the future holds for their spa. Preparatory operations will not increase the bottom line in today’s drastically different world. It is time to adapt.
As the industry adjusts to the post-pandemic environment, leasing out spa hotel Malta is an attractive option. These are five benefits of leasing the hotel spa out to a third party.
- It shifts the risk
Hotel owners can lease their spa for less risk and receive more rewards. All operations and working capital are in the hands of someone else.
To keep payroll moving, a hotel spa can cost a few hundred thousand dollars. The owners need to consider whether this is the best way to spend their money, something that is more relevant today than it was a year ago. Owners don’t need to spend the money to make sure everything is ready for guests and meets new guidelines.
- It guarantees revenue
The owner of a spa space lease receives either a fixed rent check or a percentage depending on how it is set up.
Profits can fluctuate when it comes down to hotel offerings. This is no secret. It is possible to demonstrate a steady stream from spa rent to lenders if owners need to apply for a loan.
- It allows owners to focus
For hotel spa operations, revenue and labor are two main factors. Both of these variables are highly uncertain in the current environment. The availability of skilled labor is also uncertain. There is uncertainty about the return of spa demand, and what kind of demand it will bring. It will be hotel guests? High-value leisure? Or the local marketplace?
Hoteliers will need to be focused on increasing revenue and filling their rooms as travel picks up. As the industry goes through recovery, spas are not likely to bring in significant profits for hotels. The hotel operations team could lose time and focus if they have to get the labor and revenue parts right.
Spa leases let you worry less about pricing services and finding skilled labor.
- This opens up opportunities for ancillary spending
The lessee is motivated to make the hotel spa a success. They still need to pay the rent check to the hotel owners, even if they don’t have any spa customers. They will do whatever it takes to get people into the spa doors.
To increase hotel exposure, a good spa partner can tap into local databases. Many guests stop by the hotel bar to have a drink, park and pay for their spa treatments.
- It offers a seamless guest experience
Because of the pandemic, consumers have changed their behavior and made it more important to provide a great guest experience. Leasing a hotel spa does not mean that the owner will lose their link. The lessee can set brand standards and create a culture that makes it invisible to guests that the hotel doesn’t run the spa. A great spa partner will have a strong management team that meets regularly with the hotel’s staff leaders. This ensures seamless guest experiences.
Find a good spa partner
Hotel owners have plenty to do as the industry recovers from the recession. They are not only rebuilding an entire hotel, but they have to do it with a smaller team. Many owners might find they don’t have a spa staff right now.