Appointed as the hotel’s stock audit partner in March 2019, Abbey 5 Star immediately began collaborating with the on-site team to guide them through their improvement journey.
Working closely with the Regional General Manager and the Beverage Team, our first step was to conduct a comprehensive stock inventory to establish a reliable baseline for future progress.
Challenges Identified
A detailed review of supplier invoices revealed a critical issue – the hotel was purchasing from a non-standard beverage supplier and paying well above industry cost benchmarks. Our price benchmarking tools and market expertise confirmed significant opportunities for cost savings.
Our Approach
Abbey 5 Star collaborated with the hotel team to:
- Highlight expected market pricing for their beverage products.
- Recommend alternative suppliers, both local and national, offering better terms and consistent supply.
- Implement cost-effective purchasing strategies to improve profit margins.
- Conduct operational best-practice training for the bar team.
- Complete a comprehensive product and price review to optimise gross profit performance.
Results Achieved
Over the next two audit cycles, as supplier transitions were completed and old stock phased out, the hotel’s Gross Profit increased by more than 25%.
This improvement not only enhanced the property’s profitability but also strengthened its long-term purchasing strategy and team confidence in managing stock effectively.
Conclusion
This project demonstrates how data-driven insights, supplier optimisation, and collaborative support can dramatically improve a hotel’s profitability in a short period of time.
If your business could benefit from expert stock auditing, cost benchmarking, and supplier guidance, partner with Abbey 5 Star today. Our proven methods help hospitality businesses reduce costs, increase gross profit, and take control of their operations.
📞 Contact us today to schedule a consultation and start your journey toward greater profitability.
