financials
Hospitality Marketing Budgets for 2019: 4 Trends to Watch
As you dive into 2019 budgeting, what trends should you be thinking about? Which approaches, platforms, and tools should be top of mind for travel and hospitality marketers? The team […]
Why You Need to Take a Holistic Approach to Hotel Budgeting
As summer’s warm breezes and lush, green growth transform into the vibrant colors and crisp air of the fall season, another familiar season arrives in its wake: the often dreaded […]
Department Managers Want to Do Their Monthly Financial Forecasts
You probably read the title and said to yourself, “No way, that’s a load of BS. There is no way my managers want to do their financial forecasts. Heck, I […]
Hotel Marketing Budgets: How Much is Actually Enough?
According to a recent study, Booking.com and Expedia return $16 for every dollar spent on marketing. This looks great on paper, but the reality is that over the last decade […]
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 […]
