financials

Cancellation Policies for Direct Bookings Versus Booking.com

Over the next months your aim is to retain the few clients you have. Every effort should be made to prevent cancellations and encourage direct booking

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How To Do a Hotel Break-Even Analysis

The aim of a hotel break-even analysis is to identify the number of sales, in unit or monetary value, for which the total costs equal the total revenue

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UK Hotel Reopening Trends in 2020

Ongoing vaccination rollout is sure to improve sentiment leading into the Spring and we expect to see more reopening again as restrictions ease

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What’s Possible in the Future with Hotel Financial Statements

What if we could look at profitability buy segment and roll that up to to see revenues and the associated financial costs by market segment?

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piggy bank smashed like rate strategy can be if you don't know how profitable it is

Robust Rate Strategy Needs Understanding How Profitable Your Rates Are

Getting the right rate strategy is crucial and flexibility will be needed for a while. Perhaps the days of non-refundable or advance payable rates are over

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10 Hotel Trends to Watch in 2021

The Hotel industry has been significantly impacted in 2020, but the downturn has provided time to rethink and reset sales and marketing strategies

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How Revenue Management can Support your Hotel’s Cash Flow

Revenue management is playing a central role in strengthening a hotel’s cash flow and financial position by driving top-line and cash position of the asset

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Navigating the 2021 Hotel Budget Season

There’s an acute need to look at every dollar within this year’s budget and medium-range forecast, focusing on keeping cash burn down

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The Top 7 Front Office Controls

As you know the front office is the command post for your operation. Making sure you have solid internal controls at the desk is mission-critical

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Profit Plunge Has Global Hotel Industry Looking to Brighter 2021

The hotel industry is still feeling and reeling from the pandemic sting, though vaccines could be the antidote to spur devitalized demand

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