financials

Before you embark on a mission to reduce your OTA spend, calculate what your OTA commissions are. Assess for the value, not just volume, of bookings

The aim is to describe the main KPIs typically adopted by a hotel to support their business analysis, ranging from RevPAR, RevPAC, CPOR to NPS and beyond

What would things look like if a number three or four REVPAR index brand delivered a number one or two GOPPAR performance?

Supplies and labor costs are rising in the restaurant segment; it’s a similar story for hotels. Are prospective customers willing to pay higher rates?

We should produce enhanced financial statements with just a little more detail added that will greatly assist you in effectively managing your hotel

Forecasting is important because we need a current plan to help us execute our financial strategy. Without a map any road will take you where you want to go

A revenue management strategy should be at the core of a lucrative independent hotel business plan, allowing hoteliers to optimize availability and pricing

The hotel business is a retail business and to stay on top of your business, you must fully and completely balance your daily revenue and settlements

We look at cost implications and revenue opportunities these create and how, by understanding breakeven and modelling, you can see if they are profitable

The lean hotels of the future will be the perfect balance of revenue and expense to produce optimal profitability. You can’t pay rent with RevPAR