financials
Budget Season: What You Need to Consider for Your 2019 Hotel Tech Stack
It’s officially budget season, and the growing list of priorities and considerations is currently top of mind when planning for a successful 2019. NB: This is an article from TrustYou […]
Why Asset Managers and Owners Should View Hotel Maintenance as a Revenue Opportunity
Hotel Preventive Maintenance (PM) has long been viewed as a necessary hotel engineering function and best practice. NB: This is an article from Guestware Most owners assume the management team […]
Hotel Budget Season: Knowing the Past Helps Future Success (2 of 4)
Your budget represents your first forecast for the year. How do you make that forecast as accurate as possible? It starts with a deep dive into the past. NB: This […]
Most Morning Meetings Miss Most Important Information
The morning meeting is a mainstay in almost every hotel. All the key department managers and leaders gather, usually in the front office or sometimes an in-house meeting room, to […]
Hotel Budget Season: Looking at Costs the Wrong Way (Part 1 of 4)
Hotel budget season is upon us. And while the process may vary somewhat from hotel to hotel, it ultimately comes down to the same goal: what you can do differently […]
Igniting Your Financials by Putting Hours of Work in Your P&L
In hospitality we all know that payroll is by far the largest expense and therefore it has the biggest negative impact on profitability. Turn this around and know that finding […]
Understanding Future Demand For Better Operational Forecasts
Recently, we released five revenue management hacks. These hacks are designed to be simple things you can put into place whether you are using automated tools or working in a […]
Economist: Hoteliers Should Prepare For a Downturn
Bernard Baumohl, chief global economist for the Economic Outlook Group, warns there are several worrying signs for the fate of the overall economy and hoteliers would be wise to plan […]
How to Create More Hospitality Financial Leadership in Your Hotel
#1: You can increase the way you lead your team financially. Create an environment that has your managers working together on the “business” of running your hotel. It all […]
Hotel Current Assets – What You Need to Know
When we cross the bridge in the hospitality financial world to the greater business world, the concept of an asset and how it is used comes full circle. I am […]
