9th December -Arc Insights -Five Areas of Focus

 
 
 

 
 


As the year draws to a close, all of us at Arc Consulting Partners send you season's greetings and our best wishes for a prosperous new year. Below we recommend five areas of focus to make 2017 your best year ever. As always, we are on hand to advise with planning, implementation and asset management.

 

1. EMBRACE SUSTAINABILITY
Once seen as ‘alternative’ or 'going green', sustainability is now a business imperative. Indeed, the UNWTO has declared 2017 the International Year of Sustainable Tourism for Development. Spanning many interrelated aspects - economic, social and environmental - sustainability is about meeting the needs of the present without compromising the needs of the future. Careful planning at the outset can make your project sustainable without adding extra cost.

 

2. GIVE THE WORKERS WHAT THEY WANT
Don't worry, we're not advocating revolution here. A recent poll showed that despite the increase in technology enabling remote access, people still find that meeting colleagues and customers in a physical forum is essential for developing ideas and business. As a consequence, creating affordable workspaces within vibrant communities through sensitive urban renewal and place-making is a key investment opportunity.

 

3. RESOLVE TO LEARN MORE ABOUT CHINA
China's ‘515 Strategy’ places tourism at the forefront of its growth plan over the next five years, leading the national economy forward after the manufacturing-led growth of recent decades. The opportunities for investment in China, along with the increase in outbound tourism, means that understanding China and the Chinese has to be one of your priorities in 2017.

 

4. TURN DISRUPTORS INTO OPPORTUNITIES
With Brexit ahead and Trump in the White House, 2017 presents an uncertain landscape. In the hospitality and property sectors, challenges are presented by new entrants from the sharing economy coupled with rising labour costs and changing tastes. Whilst this is disconcerting, remember that potential disruptors can also be opportunities. When faced with a new threat, our advice is to carry out a comprehensive appraisal of your situation and investigate ways to get ahead of the competition.

 

5. DEFINE WHAT SUCCESS MEANS TO YOU
Is profit the only metric of success? Arianna Huffington, co-founder of The Huffington Post, suggests we redefine success through well-being, wisdom, wonder and giving. Richard Branson Co-Chairs the B Team - a not-for-profit initiative designed to catalyse a better way of doing business, by putting people and planet alongside profit. Whilst contemplating your new year's resolutions, ask yourself what success looks like in your organisation.

 

Based in London and with associates in S.E. Asia, Arc Consulting Partners offers specialist services in Hospitality, Real Estate and Tourism, including project appraisals, development services, acquisitions, disposals, and asset management.

 

Contact us to discuss your 2017 business goals.

 
 
 
 
 
 
 

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