budget
Budgeting in Hotels: Theory, Practice and Outlook 2025!
The economic outlook is positive, but rising costs and changing guest expectations require continuous adjustment and optimization of the budgeting processes
Beyond Budget: Three Smarter Ways to Control Hotel Performance
Traditional budgeting has long been the standard for financial control in the hotel industry, but the budget can become irrelevant far too quickly
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Don’t let another year go by constrained by outdated practices – harness the power of forecasting for a truly competitive advantage
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
Hotel Budgeting for Change (Part 2)
The most important consideration overall is to remember that a hotel never has the same year twice. This feels particularly true now
Hotel Budgeting for Change (Part 1)
Budgeting is never easy, but the pandemic upended hotel balance sheets and the return of trading brought with it jagged costs and rates
How To Create the Perfect Hotel Marketing Budget
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
How to Make Hotel Budgeting as Smooth and Painless as Possible
Hoteliers often complain that the budgeting process seems to start earlier every year. This is especially true for large hotel groups
2024 Budget Planning: What Is Top of Mind for Hotel Owners & Operators?
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 […]
Best Steps and Practices to Create a Robust Hotel Budget
A well-managed budget is not merely a tool for financial control; it’s the compass that guides your hotel towards success