financials

While both guest retention and acquisition are essential for a hotel’s success, they serve different purposes and have distinct impacts on your business

Hotels can no longer afford to rely on solutions that do most things well but don’t allow for precision and flexibility needed in a competitive landscape

In this piece I am going to tackle expenses and lay out the cleanest and most efficient way to record your monthly consumption.

The economic outlook is positive, but rising costs and changing guest expectations require continuous adjustment and optimization of the budgeting processes

Traditional budgeting has long been the standard for financial control in the hotel industry, but the budget can become irrelevant far too quickly

There are two strategies you can apply to consistently unlock high profit margins. Here, we’ll list those strategies and straightforward ways to use them

CPOR is a crucial metric in the hotel industry that helps measure the efficiency and profitability of a hotel’s operations. It stands for cost per occupied room, which means the […]

In the hotel industry, where operational costs and rental expenses can significantly impact profitability, traditional financial metrics often fall short in giving a true picture of a hotel’s performance. This […]

We use the rolling forecast to keep us as close to budgeted year-end GOP as possible. When behind we double down on expense management and revenue ideas

In the past, we looked at optimal occupancy to help maximize profits. Now, we have multiple available data sets that enhance revenue management strategies