financials

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

In this episode we touch on Hotel Breakeven, what it is, why it’s important and how can it help you model revenue strategies as we plan for the recovery

Though global travel remains stunted, some regions are showing signs of sustained performance positivity. Include AsiaPac and the Middle East on that list

Revenue Managers may achieve top line forecasted revenue within 1-2%. But achieving a consistent hotel forecast at the segmentation level is rarely possible

Over the next months your aim is to retain the few clients you have. Every effort should be made to prevent cancellations and encourage direct booking

The aim of a hotel break-even analysis is to identify the number of sales, in unit or monetary value, for which the total costs equal the total revenue