financials

We use the rolling forecast to keep us as close to budgeted year-end GOP as possible. When behind we double down on expense management and revenue ideas

In the past, we looked at optimal occupancy to help maximize profits. Now, we have multiple available data sets that enhance revenue management strategies

Hoteliers should spend 80% of their time on activities that generate revenue. Enhancing revenue streams is the first step toward boosting profitability

The mistake that many hoteliers make is that they never reconcile their sub-ledgers to the general ledger and it’s unique to the hotel sector

While every business is unique, there are several cash flow challenges that are particularly prevalent in the hospitality industry

As an industry, we know there are several ways of forecasting and as revenue professionals, we may be asked to contribute to

Whether aiming to boost revenue or enhance operational efficiency, understanding these approaches empowers you to make informed decisions that drive success

Take your new found incremental revenue and calculate using the right multiplier how much you can borrow against your considerable additional equity

Flow through and flex hold tremendous value as they encapsulate both top-line changes and the effectiveness of cost controls in safeguarding the bottom line

By excelling in these three areas GMs can drive exceptional financial performance and establish their hotel as a market leader