financials

What are the advantages of hotels levying an energy flat rate surcharge and what are the dangers that should be considered?

Variable costs per occupied room are an important metric for hotels to understand and manage. How are they calculated and how can they be managed?

Here are 10 control points to ensure you are not missing any dollars. Failure to follow these controls will cost you by increasing your hotel expenses

This article offers a guide to revenue management analysis to give you ideas on improving your hotel’s profitability

Let’s look at the customer acquisition cost that is now estimated to be between 15% and 25% of room revenue. The actual amount unknown for most hotels

We’ll look at some of the best ways to prevent high power costs in a hotel and look at more in detail how the energy cost crisis is affecting hoteliers

Make your plan as complete as possible and do not imagine you are a superstar hotelier that is capable of operating your hotel without the necessary costs

We look at how global economic factors might influence different traveller attitudes and why hotels must revisit some basic revenue management principles

The unprecedented volatility has made the task of producing a hotel budget for 2023 daunting. Here are some things to keep in mind that might help

With the dichotomy of higher prices, increasing costs and the continuing staffing challenge we ask how might the hotel industry adapt over the coming years