budget

Every guest interaction becomes not just a revenue opportunity, but a data point that optimizes budgeting and revenue expectations

The economic outlook is positive, but rising costs and changing guest expectations require continuous adjustment and optimization of the budgeting processes

Traditional budgeting has long been the standard for financial control in the hotel industry, but the budget can become irrelevant far too quickly

Don’t let another year go by constrained by outdated practices – harness the power of forecasting for a truly competitive advantage

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

The most important consideration overall is to remember that a hotel never has the same year twice. This feels particularly true now

Budgeting is never easy, but the pandemic upended hotel balance sheets and the return of trading brought with it jagged costs and rates

The development of your marketing budget should be a highlight. It allows you to look back on successes, as well as failures, and create better strategies

Hoteliers often complain that the budgeting process seems to start earlier every year. This is especially true for large hotel groups

Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an […]