financials

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

Ongoing vaccination rollout is sure to improve sentiment leading into the Spring and we expect to see more reopening again as restrictions ease

What if we could look at profitability buy segment and roll that up to to see revenues and the associated financial costs by market segment?

Getting the right rate strategy is crucial and flexibility will be needed for a while. Perhaps the days of non-refundable or advance payable rates are over

The Hotel industry has been significantly impacted in 2020, but the downturn has provided time to rethink and reset sales and marketing strategies

Revenue management is playing a central role in strengthening a hotel’s cash flow and financial position by driving top-line and cash position of the asset

There’s an acute need to look at every dollar within this year’s budget and medium-range forecast, focusing on keeping cash burn down

As you know the front office is the command post for your operation. Making sure you have solid internal controls at the desk is mission-critical