POST COVID19 - Property

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POST COVID19 - Property by Mind Map: POST COVID19 - Property

1. Ground Realities

1.1. Recovery 2 years

1.1.1. Why 2 years?

1.1.2. Exotic location - naturally socially distant

1.1.3. Spending power - rich

1.2. Hygiene and health processes

1.2.1. Require investment - de-ionizer

1.2.2. Marriott Global cleanliness Council

1.2.3. Electrostatic spray gun

1.2.4. Testing/on arrival testing

1.3. Situation in Maldives

1.3.1. Minimum Wage

1.3.1.1. talk remittances

1.3.2. Income Tax

1.3.3. Lack of Airlines

1.4. Seaplane

1.4.1. Alternative Transport

1.4.2. Make boat transfer more attractive

1.4.3. Hygiene procedure

2. People

2.1. third party contracts

2.1.1. risk of litigation for human rights violations

2.1.2. small Companies will pose risk human trafficking

2.1.2.1. HR/Legal to study

2.1.3. Best to negotiate with large manpower Company - driven by above property

2.2. Seasonal fluctuations

2.3. outsourcing

2.3.1. Supply Boats

2.3.2. Employee transfers

2.3.3. Clinic outsource - risk less - less waste of medicine

2.4. Clustering

2.5. scaling down management levels and benefits

3. Utilities

3.1. Power generations

4. Top 5

4.1. Manning and related

4.2. Engineerign Operations

4.2.1. Capex /Opex

4.3. Procurement synergies

4.4. After sale support

4.5. Clustering Airport team

5. Streamlining for Regional review

5.1. Revenue system

5.2. M GSOs

5.3. IT costs

6. Alternate Solutions

6.1. Medianet vs Satellite

7. Reopen

7.1. Redundancies

7.1.1. Unpaid leave - 3 months

7.2. 60% manning

7.2.1. departmental redundancies

7.2.2. People with contract expiring

7.2.3. Scaling down the positions - counter top heavy structures

8. Cash Flow

8.1. New Operations Designs

8.1.1. Maldives is largely a Full Board/All-inclusive destination. Current massive F&B Operation can be scaled down and centrally organized.

8.1.2. Marriott has most data on clouds - this provides multi-property operations

8.1.3. Medical Insurance for staff - property maintains an excess insurance for hospitalizations with Takaful. It is advised that we do not need to renew this insurance for now for following reasons: 1. All foreign employees are covered as per of work permit with MVR 200K hospitalization coverage. 2. All Maldivian employees are covered under Aasandha National insurance program. There is no limit on this insurance. 3. all resorts have own clinic with consultation and medicine provided free of charge.