financials
Navigating Profitability: Crucial Role of Customer Acquisition Cost
Understanding and effectively managing Customer Acquisition Cost (CAC) is critical to profit-oriented Revenue Management
Key Components of a Successful Hotel Quarterly Business Review
A quarterly business review (QBR) is a meeting held every quarter to review the hotel performance and define areas for improvement for next quarter
Why You Need to Reconcile Your Credit Cards Every Day
How and why you should balance your hotel credit cards daily. It may sound daunting and that is because most people do it monthly or maybe weekly
Hotel Profit Leaks: Effectively Manage CAC and Employee Turnover
Customer Acquisition Cost (CAC) is a critical metric, particularly in the hotel industry. Unfortunately, CAC is a hidden cost and hard to manage in hotels
10 Effective Cost-Saving Strategies for Hotels
Cost control challenges vary between hotels, depending on market segment, location, and star classification, but most face similar issues
Profit Isn’t Just About Revenue Generation
Profit is not for the passive observers, but for the planners that have a thorough grasp on the revenue numbers and the stories behind them
Essential KPIs in the Hotel Profit & Loss Statement
Hotel management always want more profit and must drill down into the detail to find opportunities to improve the different profit-level KPIs
How to Prevent Revenue Leaks
There are several sources of revenue leakage in the hotel industry,. Addressing these can significantly impact a hotel’s financial performance
Hotels Move Beyond RevPAR For Comprehensive Business Intelligence
While RevPAR remains a useful metric, it must be considered alongside others to gain a more comprehensive understanding of a hotel’s financial performance
Cost of Customer Acquisition a Key Factor in Hotel Profitability
The cost of hotel customer acquisition is what you pay to acquire a new guest. That includes marketing, reservations and the cost of serving the guest
