financials

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

The hotel industry is still feeling and reeling from the pandemic sting, though vaccines could be the antidote to spur devitalized demand

The entry into force of PSD2, means it is time to think about implementing a good payment processor or PSP and integrate it into your booking engine

There are numerous of ways to ensure you’re in the best position to maximise your revenues, ready for recovery when you start welcoming guests back

By measuring and monitoring total revenue per available room, hoteliers have the ability to take a magnifying glass to all revenue sources

A hotel P&L is key to understanding strength and weakness. Hoteliers can identify areas of underperformance and tweak strategies geared to improvements