financials
Hotel Margins Under Pressure But Bottom Line Impact Can Be Made
Just as the hotel industry is finding its feet after two of the most tumultuous years in living memory, hotels are now faced with a fresh challenge
Improve Results With an Integrated and Agile Internal Control Framework
Internal audit should pivot from a traditional rotating visit approach to a risk-focused and data-driven framework that leverages existing control processes
Negative Flow Through, What Is It And How To Measure It?
In negative flow-through, revenue is positive, but GOP is negative. It can also be where revenue is increasing, but profitability ratio is in negative state
Is The Hotel Revenue You Generated Making it to The Bank?
We look at common risks which may be hampering the journey of your hotel revenue through to the bank, ways to resolve these and how to continually improve
Flow-Though: What Does it Mean and How Does it Work
Flow-through in the hotel industry is fundamental to understanding how profitable your business is, especially across all the different departments
What is the Only Thing We Know for Sure About the Hotel Budget?
The only thing we know for sure about the budget is … wait for it: It is wrong. That’s right, it is wrong every time. It will never be the correct answer
Why Your Hotel Needs a Daily “Pick-up” Report
Y1ou would be surprised how many hotels do not use their pick-up report properly and miss out on the financial opportunity a good strategy can represent
The Key Attributes of a Proper Hotel Financial Statement
Your hotel financial statement needs to be in shape, and it must have the proper features that allow you the insight to make better operating decisions
Recent Expense Rise Presents Threat to Hotel Profit
February was stronger all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound
How to Survive Inflation: A Roadmap to Pricing Success
Inflation’s impact is typically offset by raising prices and passing on costs. However, inflation dramatically increases a customer’s price sensitivity