financials
In Era of Expensive Debt Poor Management Drives Hotel Distress
There are economic headwinds and there are issues with capital stack structures, but a great hotel is run by a great general manager
A New Approach to Hotel Management Fees
While both hotel operators and owners stand to gain from adopting the management fee structure proposed, hurdles are anticipated
Why Use a Cost-Based Pricing Strategy in Your Hotel?
Cost-based pricing is the easiest and most financially secure way of determining prices. As long as you sell the room, you’re guaranteed to make a profit
Time to Stop Missing Revenue, Wasting Money and Wasting Time
As well as looking at the obvious impacts of the incredible amount of time that is wasted, along with missed revenue opportunities and overlooked cost savings
Why Forecasting Drives Hotel Success Beyond Traditional Budgeting
Don’t let another year go by constrained by outdated practices – harness the power of forecasting for a truly competitive advantage
Navigating the Costs: Smart Hotel Marketing Acquisition Strategies
We take a deep dive into the nuances of acquisition costs in hotel marketing, with insights to help refine strategies for enhanced financial performance
A Hotelier’s Guide to Generating Profitable Revenue
There’s no point celebrating million-dollar revenue if million-dollar expenses are dragging down your bottom line
Exploring Costs and Tools in the Seven-Step Guest Journey
By effectively managing the costs, tools, and strategies at each phase, hoteliers can create a seamless and memorable experience for their guest
How to Properly Record Hotel Packages & Revenue Recognition
A hotel packages is a combination of a room and at least one other component, like a bed and breakfast package
How to Leverage Data to Optimize Inventory for Profitability
Understanding the DOH starts with understanding the actual usage, which requires counting inventory on a regular cadence