financials

Your policy manual might be complete but you’re still a long way from compliance. You need to create a monthly internal control review program

Without accurate and timely financial information your business is not going to be as profitable as it could be. Full stop, period, exclamation point

Europe’s hotels are now back to pre-pandemic profit levels. With GOPPAR hitting €95.28 in June 2022, slightly higher than the same month in 2019

With the right strategy, you can reduce operating costs while running a profitable hotel. The following strategies will help manage hotel operating costs

It is important to note that it is the REVPAR that achieves the profit, not singular occupancy or rate, but rather the combination of both

Breaking away from the traditional hoteliers’ approach and a mindset shift will help steer hotel F&B closer to its former glory

Consumer costs for everything, including hotel rooms, are up. The list is long, but consumers are still, it appears, willing to put it aside to travel

A method of budgeting where all expenses must be justified for each new period starting from a zero base, is required given the fluidity of global economies

We talk with Dr Don about how the hotel industry looks post pandemic, the current cost of living crisis, impact on travel this summer and perceived value

Just as the hotel industry is finding its feet after two of the most tumultuous years in living memory, hotels are now faced with a fresh challenge