financials

image of culloden estate and spa used for the hotel networks article about how they saved 48% in promotional costs from direct bookings

How to Save 48% in Promotional Costs from Direct Bookings

As a result, it reduced promotional spend by 48%, influenced 120+ bookings of website visitors and resulted in +£29k extra revenue from low-intent users

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image with letters swot reflecting importance of a full business analysis

How to Conduct Your Hotel SWOT Analysis in 6 Steps

In hotel management, the SWOT analysis framework serves as a guide to understanding the position of your hotel within the market

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clear lightbulb reflecting increase in hotel energy costs and whether hotels should consider charging an additional energy flat rate

Should Hotels Consider Charging an Energy Flat Rate Surcharge

What are the advantages of hotels levying an energy flat rate surcharge and what are the dangers that should be considered?

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Strategies for Reducing Hotel Variable Costs Per Occupied Room

Variable costs per occupied room are an important metric for hotels to understand and manage. How are they calculated and how can they be managed?

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Top 10 List for Controlling Hotel Expenses

Here are 10 control points to ensure you are not missing any dollars. Failure to follow these controls will cost you by increasing your hotel expenses

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coins being stacked up to reflect how a revenue management approach to hotel costs and quality is so important

The Revenue Management Approach To Hotel Costs And Quality

This article offers a guide to revenue management analysis to give you ideas on improving your hotel’s profitability

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How to Budget and Manage Customer Acquisition Cost

Let’s look at the customer acquisition cost that is now estimated to be between 15% and 25% of room revenue. The actual amount unknown for most hotels

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Seven Ways For Hotels To Prevent High Energy Costs

We’ll look at some of the best ways to prevent high power costs in a hotel and look at more in detail how the energy cost crisis is affecting hoteliers

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A Five Year Hotel Financial Plan is Daunting But It’s All in Your Head

Make your plan as complete as possible and do not imagine you are a superstar hotelier that is capable of operating your hotel without the necessary costs

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Winter Might Be Coming, But Spring Can Still Bloom for Hotels veit meier berner+becker interview YouTube Thumbnail

Winter Might Be Coming, But Spring Can Still Bloom for Hotels

We look at how global economic factors might influence different traveller attitudes and why hotels must revisit some basic revenue management principles

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