financials

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

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

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

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

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

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

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

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

There are several sources of revenue leakage in the hotel industry,. Addressing these can significantly impact a hotel’s financial performance

While RevPAR remains a useful metric, it must be considered alongside others to gain a more comprehensive understanding of a hotel’s financial performance