What do you think are the importance and benefits of having an effective strategic plan for

any tourism and hospitality business?

At all levels, strategic planning is critical. It acts as a framework for employees to direct their
actions and resources toward goals and objectives that have been discussed and endorsed by the
entire organization.
The strategy takes a long time to develop, frequently involving multiple meetings and the use of
outside resources such as consultants or facilitators. However, after the plan is created, hotels
frequently have difficulty carrying out the aspects of the plan.
Following a few best practices can help hotels execute their strategic plan more effectively.
Choosing a person who will be responsible for ensuring the plan's execution, providing regular
reports on plan progress, and explicitly identifying accountability for each part of the plan's
action plans are just a few of them. Furthermore, many hotels are part of a larger company that
might benefit from the best practices of other sister properties.