financials

Many industry sources share that an average restaurant has a profit margin of about 7% but recognize yours can fall anywhere between 0-12%

We discuss the complexities faced when trying to embrace net revenue and we touch on the evolution of the commercial role and where the finance team fits in

In this discussion we ask is Net Revenue easier to achieve than Total Revenue? And do we know what Net Revenue actually means?

By understanding the different types of credit card fraud, you can be more alert to potential red flags and take steps to protect your hotel and guests

Adopting revenue performance management, hotels can achieve sustainable growth and maintain a competitive edge in the dynamic hospitality market

Today we look at Hotel staffing and the impact an executive opening can have on a property – momentum is a key word here

This highlights the need to ensure more intelligent cost controls across the business which improve profitability and drive operational efficiency

There are economic headwinds and there are issues with capital stack structures, but a great hotel is run by a great general manager

While both hotel operators and owners stand to gain from adopting the management fee structure proposed, hurdles are anticipated

Cost-based pricing is the easiest and most financially secure way of determining prices. As long as you sell the room, you’re guaranteed to make a profit