financials
Time to Stop Missing Revenue, Wasting Money and Wasting Time
As well as looking at the obvious impacts of the incredible amount of time that is wasted, along with missed revenue opportunities and overlooked cost savings
Why Forecasting Drives Hotel Success Beyond Traditional Budgeting
Don’t let another year go by constrained by outdated practices – harness the power of forecasting for a truly competitive advantage
Navigating the Costs: Smart Hotel Marketing Acquisition Strategies
We take a deep dive into the nuances of acquisition costs in hotel marketing, with insights to help refine strategies for enhanced financial performance
A Hotelier’s Guide to Generating Profitable Revenue
There’s no point celebrating million-dollar revenue if million-dollar expenses are dragging down your bottom line
Exploring Costs and Tools in the Seven-Step Guest Journey
By effectively managing the costs, tools, and strategies at each phase, hoteliers can create a seamless and memorable experience for their guest
How to Properly Record Hotel Packages & Revenue Recognition
A hotel packages is a combination of a room and at least one other component, like a bed and breakfast package
How to Leverage Data to Optimize Inventory for Profitability
Understanding the DOH starts with understanding the actual usage, which requires counting inventory on a regular cadence
From Hotel Revenue Management to Hotel Profitability Management
Profitability management is about balance. This holistic approach aims to secure not just short-term gains but long-term growth and financial stability
The Need for Hotel Capex and Creating Returns
Where money is tight and hotels are trying to cut costs, a hotel asset manager shouldn’t just save money, but make money
Hotel Budgeting 2024: Improve Performance in Uncertain Times
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