financials
How to Use a 21 Point Flow Through Inspection
Just like your auto mechanic checks your car’s health you can completely review your hotel’s financial performance and get a reading on as many as 21 different flow thru performance points.
Budget-Time: Have you made the right decisions?
Hoteliers cannot leave budget decisions up to gut feelings or even past experiences. Analytics and numbers must be combined with a strong vision and understanding of where the industry is headed
VTO (Value to Owner) vs VTC (Value to Customer)
Let’s explore value and performance from different prospective and start to think like an owner when measuring the production value of a Hotel.
The Essential Website Strategy Checklist for Hoteliers
OTAs have mastered the art of conversion, with websites providing the ultimate user experience. To convince customers to book direct on your website, they need an optimal online experience.
How To Score A Bigger Hotel Marketing Budget
Budgeting season is the perfect opportunity for marketing and owners to set and align expectations for the coming year. If armed with the data, the budgeting conversation should be productive.
Can Third-Party Managers be Answer to Middle East’s Performance Sag?
With the region adding new product along more segments, and kpis in a torpid state, savvy third-party operators, armed with data intelligence, could be an antidote to the profit plummet.
In Europe, Driving F&B Margins a Game of Inches
There was a time when food and beverage within the hotel space was viewed as a necessary evil. Hotel guests were lucky if they awoke to a continental breakfast and […]
September: Back to The Future of Your Revenue Strategy
Waving goodbye to august, summer, holidays and going back to work and the daily routine is a blue moment for many but not for the Revenue Managers and their Budget […]
Hospitality Financial Leadership: Top 10 Hotel Budget Review Tips
The budget exercise is one that we commonly dislike because it is so long and people are often discouraged because they do not see their department getting more resources.
Lies Financial Leaders Tell Themselves – Balance Sheet Reconciliation
It’s paramount as a financial professional that you never ever let a month go by where you have not completely reconciled the books. You can’t do a clean close without having your accounts reconciled.