How to Navigate Partnerships for Managing Your Resort Hotel in the Philippines

Introduction

Running a resort hotel can be a challenging but rewarding endeavor. Whether you're based in Cebu or another part of the Philippines, managing a 6-bedroom resort necessitates careful planning and execution. One common approach is partnering with someone who brings complementary skills and resources to the table. This guide will explore the steps and considerations involved in finding and collaborating with a suitable partner, as well as the potential pitfalls to avoid.

Local Expertise and Banking Requirements

Before venturing into a partnership, ensure that you have a clear understanding of the local business landscape and banking regulations. As a former banker, I emphasize the importance of having a well-established bank account in the Philippines. All financial transactions, including income generated by the resort, should be deposited and reflected in your account.

It is crucial to involve yourself in all financial decisions, such as paying expenses and approving funds for the resort. This ensures transparency and accountability in your operations. If you are curious about specific locations like Cebu, you can reach out to experts such as those mentioned in Sebu Homes blog, who provide valuable insights into the local real estate market.

Finding the Right Partner

Considering the complexities of a partnership, it might be more advantageous to seek advice from another operator with a similar resort. This can foster a mutually beneficial relationship where you can learn from each other's experiences. I suggest reaching out to my friend Alan Martin, who owns the Cool Martin Resort in Bacoor, Cavite. Similarly, you may find it helpful to network with other resort owners to share knowledge and resources.

Alternatively, hiring a dedicated manager might be a more practical solution. Filipinos are known for their strong work ethic and reliability, making them excellent candidates for managerial roles. By leveraging local talent, you can streamline operations and reduce the workload on yourself.

Key Considerations for a Successful Partnership

To ensure a harmonious and profitable partnership, address the following questions:

Interest Level: Is the potential partner genuinely interested in running the business, or are they only marginally involved? If they are currently employed in another position they enjoy, partnering might not be feasible. Experience: Does the partner have hands-on experience with the day-to-day operational issues of a resort hotel? Without this experience, the partnership is unlikely to be successful. Cash Flow: Can the resort's business cash flow support a full-time manager on a full salary? If not, it might not be worth pursuing this path.

These factors will help you determine whether your potential partner is truly committed and capable of contributing to the success of the resort.

Strategic Adjustments for More Room Occupancy

Even with a capable partner, sustained profitability can be challenging. If you are facing difficulties attracting short-term guests, consider offering long-term leasing options. While this may generate less revenue per night, it ensures room occupancy, which is crucial for maintaining profitability. Additionally, reduced staff requirements can help manage costs more efficiently.

Conclusion

Partnering with the right individual is crucial for the success of your resort hotel. Whether you choose to collaborate, hire a manager, or leverage local talent, thorough consideration and planning will set you on the path to success. By understanding the implications and requirements of a strong partnership, you can create a solid foundation for your business in the Philippines.

Key Takeaways

Secure a well-established bank account in the Philippines. Seek advice from experienced operators in similar businesses. Ensure your partner has genuine interest, experience, and financial support. Consider long-term leasing as an alternative to improve room occupancy.