Hospitality consulting can be a great way to improve the operations of your hospitality business. Whether you are looking to improve guest satisfaction, increase efficiency, or boost profits, a consultant can help you achieve your goals. There are many different types of consultants available, so it is important to choose one that has experience in the specific area you need help with. With the right consultant on your team, you can take your hospitality business to the next level. Read on to find out about the best hospitality consulting firms in the world.
What Is Hospitality Consulting?
Hospitality management consultants are elite experts who help hotels with initiatives managing change, streamlining operations, and generally enhancing the profitability and general well-being of the property, hotel group, or portfolio.
What Does a Hospitality Consultant Do?
Hotel owners employ consultants from the hospitality sector to assist them with a variety of aspects of their business. These experts often have years of experience managing and operating profitable hotels, and they are now helping others do the same.
Moreover, the best hospitality consulting companies will use their years of experience, years of knowledge, and management best practices to pinpoint areas where hotels may improve and develop a strategy that their clients can implement. Numerous hospitality firms focus on specific aspects of hotel consulting, such as new design and branding or turning around a hotel that is always losing money.
Some of the numerous areas that hospitality consulting companies can assist with are listed below:
- Management of risk
- Operational research
- Market analysis
- Assurance of quality and security
- Strategy and branding
- Arbitration and expert testimony
- Business due diligence
- Hotel administration
- Restaurant administration
- Training of staff in the design and new construction
- Turnarounds at hotels
What Is Hospitality Consulting Firm?
Hospitality consulting companies help independent hotels or resorts that are already in operation as well as investors or people who are interested in entering the hospitality business.
List of the Best Hospitality Consulting Firms
Below is a list of the best hospitality consulting firms in the World.
#1. Grand Thornton Global
The name Grant Thornton is not new to the management consulting industry. This management consulting organization has locations in more than 50 nations and serves practically all of the world’s clients. In addition, this well-known consultancy company has experience in the hospitality sector as well. Besides, Grant Thornton’s hospitality consulting division has consultants with extensive experience in the industry. A hotel firm that plans to enter a new market and needs franchise management or has to take preventative fraud measures for managing cards and users would do well to choose Grant Thornton.
#2. Emerald Hospitality Associates
Emerald Hospitality Associates, which was founded on a foundation of more than 200 years of hospitality service, provides a comprehensive range of hotel advisory services, such as pre-opening, project development, profitability improvement, front desk training, and more. Additionally, this specialized hospitality consultant focuses solely on its clients’ guests and achieves results-driven strategies. The business promotes growth, an open management approach, and the custom of genuine hospitality.
#3. Horwath HTL
According to reports, Horwath HTL is the world’s top consulting firm for hospitality, leisure, and tourism. It is one of the major hospitality consulting firms with 45 locations spread across 36 nations. Only the hotel and tourism industry is the focus of Horwath HTL Consulting. It is an obvious solution for hospitality businesses looking to turn around their business, with over 20,000 assignments completed in the industry previously. It also belongs to one of the top 10 international accounting networks, the renowned Crowe Global Network.
For more than 40 years, HVS has been a pioneer in the hospitality consulting field. The workforce at the company has more than 500 years of combined hospitality experience, and they have experienced every industry upswing and downswing. One of the businesses in the hospitality sector that is totally committed to the sector is this one. Furthermore, from its 50 offices, it serves clients all over the world and specializes in advising for hotels, eateries, casinos, convention centers, sports and entertainment venues, and more.
#5. PWC Switzerland
Global hospitality clients are well served by PwC’s Hospitality and Tourism Consulting. One of the best management consulting firms in the world is PwC, and its Swiss hospitality consulting division is undoubtedly the best in the world. The fact that this organization transforms hospitality operations with the help of 20+ industry experts and clients in more than 60 countries speaks for itself.
#6. F&G Hospitality Consulting
F&G Hospitality Consulting, one of the leading hotel consultation firms, works with both small and large hotels and has a team with over 350 years of collective industry expertise. Moreover, F&G, which was founded in 1989 as F&G Real Properties, Inc., has professionals in a variety of fields, including marketing, country clubs, training, human resources, and operations for hotels and restaurants. The team at the company is committed to helping its clients’ businesses thrive and expand.
#7. Coyle New York, US
One of the leading hospitality consulting companies in the US is Coyle Hospitality Consulting. Also, one of the largest hospitality clienteles in the USA frequents them. Choose a well-known name in the US hospitality sector, and you will discover it among Coyle’s clients. Many of the top hospitality companies in the US turn to Coyle for professional assistance in order to stay one step ahead of the competition. To learn more about Coyle’s clients and the services they provide for hospitality businesses, view their client list.
#8. Mastel Hospitality
Mastel Hospitality is a reputable hospitality consultant that concentrates on using software and technology to make hotels more successful. Meanwhile, the company has been advancing customer service optimization with cutting-edge technologies for over 13 years. Similarly, with over 30 years of combined experience, the Mastel team is a leader in the field of hospitality consulting. The company provides services to customers in more than 20 nations, concentrating on crucial business intelligence insights to find chances for enhancement and optimization.
#9. ISHC Global
The International Society of Hospitality Consultants is known by the initials ISHC. It also serves as a database of the top hotel management experts from across the world and is likely the most reliable source of information on international hospitality. Through the ISHC directory, you can examine and consult with more than 200 international consultants in the hospitality industry.
#10. MBB Management
MBB Management is one of the greatest restaurant consultants in addition to being one of the top hotel consulting firms. The company’s mission is to “Make Good Businesses Even Better,” hence the moniker. John Moser, the company’s founder, has extensive experience working as a COO and general manager of hotels. Additionally, this team of professionals strives to support those in the hospitality sector to get results quickly and realize their full potential.
#11. PFK Hotel Experts
The PKF Hotel Experts Company was founded more than a century ago and has focused on hospitality consulting since that time. Besides, it is the world’s oldest consulting firm for hospitality, tourism, and leisure. With over 100 locations worldwide, the hospitality consulting organization PKF Hotel Experts has offices on every continent. There can’t be many better hospitality consultants than those from PKF if you’re looking for financial expertise.
#12. Mirama Hospitality
For more than 30 years, Miramar Hospitality has collaborated with well-known businesses in the hospitality sector. The team collaborates closely with clients to support them in achieving their objectives and believes in fanatical follow-up and individualized service. Moreover, these well-regarded hospitality management consultants are of the opinion that building a successful business requires adhering to good management principles. The company also offers consulting services to restaurants, resorts, boutique hotels, full-service hotels, and hotels with restricted services.
How Do I Become a Hospitality Consultant?
- Step 1: Earn a Bachelor’s Degree.
- Step 2: Get Some Relevant Experience in the Hotel Industry.
- Step 3: Earn a Higher Degree (if Necessary)
- Step 4: Get Some Certification
- Step 5: Look for Hotel Consulting Work
- Step 6: Go at it alone.
What Are 5 Skills Necessary for a Hospitality Management Consultant?
5 Essential Soft Skills for Careers in Hospitality and Tourism
- Empathy and emotional intelligence.
- Stress and time management.
- Strategy and innovation.
In conclusion, consulting in the hospitality industry can help you grow your company. Additionally, working with an experienced consultant will help you maximize your investment and ensure that your company is headed in the correct direction. A good hospitality consultant will work with you to identify your needs, create a plan of action, and put those improvements into practice. Consider reaching out to a hospitality consultant right away if you’re seeking ways to grow your hospitality company.
- Travel Management Consulting: Ultimate Guide
- Hospitality Management: Definition, Types, Careers
- Tourism and Hospitality Management: Definition, Benefits, Careers
FAQs About Hospitality Consulting
What are the three types of consulting?
Typically, consulting roles can fit into one of five main categories: strategy consulting, operations consulting, financial consulting, information technology consulting and human resources consulting.
Do consulting jobs pay well?
Consultancy jobs are known to be among the highest paying in the world. With the right strategies, you can secure a highly-paid consulting job for yourself.
Is consultant a stressfull job?
Most Annoying Consulting Stress Factors: Long Working Hours, Overwork, and Shift Work. Long working hours and overwork Long working hours and overwork are shown to lead to a higher risk of psychological effects such as anxiety, depression, insomnia or simply hostility.