financials

The economic outlook is positive, but rising costs and changing guest expectations require continuous adjustment and optimization of the budgeting processes

Traditional budgeting has long been the standard for financial control in the hotel industry, but the budget can become irrelevant far too quickly

There are two strategies you can apply to consistently unlock high profit margins. Here, we’ll list those strategies and straightforward ways to use them

CPOR is a crucial metric in the hotel industry that helps measure the efficiency and profitability of a hotel’s operations. It stands for cost per occupied room, which means the […]

In the hotel industry, where operational costs and rental expenses can significantly impact profitability, traditional financial metrics often fall short in giving a true picture of a hotel’s performance. This […]

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