financials
How to Optimize Revenue and Costs Along the Guest Journey
Leveraging Business Intelligence during the pre-stay phases of the guest journey can significantly maximize revenue and minimize costs
Boost Hotel Performance Through Profit & Loss Mastery
Mastery of Profit & Loss empowers hoteliers to make strategic choices that balance occupancy with profitability, ensuring long-term financial health
Mastering CPOR: The Hidden Profit Lever You Need to Know
CPOR isn’t just about tracking costs; it’s a reflection of how well (or poorly) you’re managing your hotel’s daily operations
The Top 10 List of Financial Excuses You Give Yourself
What’s your imagination telling you that’s wrong which holds you back from owning your hotel or departmental financial situation
What Are CAP Rates and How to Use Them
Cap rates can be used to compare the potential ROI of different hotel properties, track performance over time and make informed investment decisions
Future of Hotel Budgeting: Automation and Data-Driven Upselling
Every guest interaction becomes not just a revenue opportunity, but a data point that optimizes budgeting and revenue expectations
Guest Retention vs Acquisition: What’s the Difference?
While both guest retention and acquisition are essential for a hotel’s success, they serve different purposes and have distinct impacts on your business
All-in-One Platforms: Convenience or Costly Mistake for Hotels?
Hotels can no longer afford to rely on solutions that do most things well but don’t allow for precision and flexibility needed in a competitive landscape
Managing F&B Expenses and How to Record Them on Your P&L
In this piece I am going to tackle expenses and lay out the cleanest and most efficient way to record your monthly consumption.
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