financials

4 glass jars filling up with coins reflecting how hotels should consider developing sustainability plans to help drive future revenues and profits

Sustainability in Hotels: Where Are We and Where to Next?

How do you balance the expectations of guests – and what they’re willing to pay – with effective sustainability practices that work towards real change?

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A Revenue Leader’s Guide to Hotel Budgeting and Forecasting

Hotel budgeting requires a strategic approach combining current performance, financial goals, revenue optimization strategies and cost control measures

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hand on computer mouse overlayed with a dollar image reflecting importance for a hotel to maximize returns by navigating budgets and costs in hotel paid search

Maximize Returns: Navigating Budgets and Costs in Hotel Paid Search

Paid Search can be a game-changer, but only if managed efficiently. Here we explore essential steps to help hoteliers optimize advertising costs and budgets

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Navigating Profitability: Crucial Role of Customer Acquisition Cost

Understanding and effectively managing Customer Acquisition Cost (CAC) is critical to profit-oriented Revenue Management

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calculator and balance sheet reflecting importance of a successful quarterly business review

Key Components of a Successful Hotel Quarterly Business Review

A quarterly business review (QBR) is a meeting held every quarter to review the hotel performance and define areas for improvement for next quarter

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Why You Need to Reconcile Your Credit Cards Every Day

How and why you should balance your hotel credit cards daily. It may sound daunting and that is because most people do it monthly or maybe weekly

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Hotel Profit Leaks: Effectively Manage CAC and Employee Turnover

Customer Acquisition Cost (CAC) is a critical metric, particularly in the hotel industry. Unfortunately, CAC is a hidden cost and hard to manage in hotels

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10 Effective Cost-Saving Strategies for Hotels

Cost control challenges vary between hotels, depending on market segment, location, and star classification, but most face similar issues

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Profit Isn’t Just About Revenue Generation

Profit is not for the passive observers, but for the planners that have a thorough grasp on the revenue numbers and the stories behind them

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Essential KPIs in the Hotel Profit & Loss Statement

Hotel management always want more profit and must drill down into the detail to find opportunities to improve the different profit-level KPIs

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