financials

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Is The Hotel Revenue You Generated Making it to The Bank?

We look at common risks which may be hampering the journey of your hotel revenue through to the bank, ways to resolve these and how to continually improve

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Flow-Though: What Does it Mean and How Does it Work

Flow-through in the hotel industry is fundamental to understanding how profitable your business is, especially across all the different departments

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What is the Only Thing We Know for Sure About the Hotel Budget?

The only thing we know for sure about the budget is … wait for it: It is wrong. That’s right, it is wrong every time. It will never be the correct answer

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Why Your Hotel Needs a Daily “Pick-up” Report

Y1ou would be surprised how many hotels do not use their pick-up report properly and miss out on the financial opportunity a good strategy can represent

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The Key Attributes of a Proper Hotel Financial Statement

Your hotel financial statement needs to be in shape, and it must have the proper features that allow you the insight to make better operating decisions

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Recent Expense Rise Presents Threat to Hotel Profit

February was stronger all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound

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How to Survive Inflation: A Roadmap to Pricing Success

Inflation’s impact is typically offset by raising prices and passing on costs. However, inflation dramatically increases a customer’s price sensitivity

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Balancing Daily Revenues and Settlements

You also need to be balancing the guest ledger and the city ledger to the property management system totals as well as to the general ledger

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How to Invest Your Hotel Digital Marketing Budget Wisely

If you have a small budget, it’s a waste to split that between SEO, SEM, PPC, Metasearch. Instead of spreading horizontally, go vertical in one or two areas

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Financial Leadership: Why You Need a Month End Schedule

Doing your month-end and having a final financial statement each month within one week is the benchmark for a team and system that works well

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