financials

With zero-based budgeting, rather than tweak last year’s numbers, hotels start with a clean slate, building the budget as if it were a new hotel

Understanding your hotel’s financial performance involves thorough analysis of your balance sheet and what is often called your income statement – more commonly referred to as your P&L statement. NB: This […]

P&L data enables you to supplement key top-line metrics and measure impact of top-line decisions on profitability relative to competitive sets

The most important consideration overall is to remember that a hotel never has the same year twice. This feels particularly true now

Budgeting is never easy, but the pandemic upended hotel balance sheets and the return of trading brought with it jagged costs and rates

With poor guest experiences being a main driver of chargebacks, there’s a real risk of creating a vicious cycle that leads to poor reviews and reputation

The development of your marketing budget should be a highlight. It allows you to look back on successes, as well as failures, and create better strategies

Hoteliers often complain that the budgeting process seems to start earlier every year. This is especially true for large hotel groups

By calculating Guest Acquisition Cost, you gain insights into the financial efficiency of your guest acquisition strategies

Since the majority of hotel food and beverage revenue come from in-house guests, it is appropriate to analyze trends on a dollar-per-occupied room basis