financials
The Ultimate 2023 Budget Guide for Hospitality
Which areas should you focus on to keep your property, or destination, ahead of the pack? Here are 5 important considerations for your 2023 budget plan
What Really Counts and Why: 3 Metrics to Have on Your Radar
All three metrics must work together at the same time to get the best view of the potential profitability of your food sales
Managing The Whole Asset: Looking Afresh At Each Hotel Space
Hotels were being viewed more and more as a mainstream asset class and attracting investors who were more used to less complicated assets
Better Visibility into 2023 Helps Normalize Hotel Budgeting Process
The overall lack of visibility because conditions were changing daily meant hoteliers were less than sure about budgeting the way they had always done before
What is a SWOT analysis of a Hotel?
SWOT analysis for Hotels comes in handy when deciding whether to proceed with specific changes or investments in your hotel by analyzing the pros and cons
How to Measure Your Hotel Profitability
Understanding hotel profitability ratios isn’t always straightforward because you may not have all the information you need to understand your ROI or ROE
Should Investors Expect Hotel Incomes to Keep Pace with Inflation
Hotel investments come with counteracting exposures to inflation of operating revenues and expenses that may neutralize inflation impacts on profits
Why You Need an Internal Control Review Program in Your Hotel
Your policy manual might be complete but you’re still a long way from compliance. You need to create a monthly internal control review program
Designing Your Financial Reporting System – A Wake-Up Call
Without accurate and timely financial information your business is not going to be as profitable as it could be. Full stop, period, exclamation point
European Hotel Profit Tops 2019 Levels
Europe’s hotels are now back to pre-pandemic profit levels. With GOPPAR hitting €95.28 in June 2022, slightly higher than the same month in 2019
