financials

There’s no point celebrating million-dollar revenue if million-dollar expenses are dragging down your bottom line

By effectively managing the costs, tools, and strategies at each phase, hoteliers can create a seamless and memorable experience for their guest

A hotel packages is a combination of a room and at least one other component, like a bed and breakfast package

Understanding the DOH starts with understanding the actual usage, which requires counting inventory on a regular cadence

Profitability management is about balance. This holistic approach aims to secure not just short-term gains but long-term growth and financial stability

Where money is tight and hotels are trying to cut costs, a hotel asset manager shouldn’t just save money, but make money

With zero-based budgeting, rather than tweak last year’s numbers, hotels start with a clean slate, building the budget as if it were a new hotel

Understanding your hotel’s financial performance involves thorough analysis of your balance sheet and what is often called your income statement – more commonly referred to as your P&L statement. NB: This […]

P&L data enables you to supplement key top-line metrics and measure impact of top-line decisions on profitability relative to competitive sets

The most important consideration overall is to remember that a hotel never has the same year twice. This feels particularly true now