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David Lund
104 posts
http://www.hotelfinancialcoach.com
David Lund
David Lund is The Hotel Financial Coach, an international hospitality financial leadership pioneer. At Hotel Financial Coach I help hotel leaders with financial leadership coaching and workshops. Learning and applying the necessary financial leadership skills is the fast track to greater career success and increased personal prosperity. I significantly improve individual and team results with a proven return on investment. He has held positions as a regional financial controller, corporate director and hotel manager with an international brand for over 30 years. He authored an award-winning workshop on Hospitality Financial Leadership and has delivered it to hundreds of hotel managers and leaders. David coach’s hospitality executives and delivers his Financial Leadership Workshops throughout the world, helping hotels, owners and brands increase profits and build financially engaged leadership teams. He speaks at hospitality company meetings, associations and he has had several financial leadership articles published in hotel trade magazines and he is the author of two books on Hospitality Financial Leadership. David is a Certified Hotel Accounting Executive through HFTP and a Certified Professional Coach with CTI. Contact David at www.hotelfinancialcoach.com or on 415-696-9593.
Insights
4th June 2025

Why technology has the hotel business bootstrapped 

David Lund

Bootstrapping is a statistical metric that uses random sample replacements. That’s not for me, so bootstrapping also has a broader slang meaning

Insights
17th February 2025

What does it mean to have your balance sheet reconciled?

David Lund

Having a clean and completely reconciled balance sheet is mission critical and just because you’re not an accountant does not mean you can’t stay on top of this.

balance sheet
Insights
11th December 2024

Your top 10 list of excuses

David Lund

Is victim thinking that is holding you back from jumping in the deep end with the financials in your hotel career?

top 10 excuses
Insights
12th November 2024

What are CAP rates and how to use them

David Lund

Remember the golden rule, the lower the cap rate the higher the purchase price paid and at the same time the lower the expected returns on that investment in the future because the price paid was higher.

Insights
18th October 2024

Why you want to use a rolling forecast

David Lund

Rolling forecasts are nothing new but I must point out that most hotels don’t use them, and they really should. It’s an incredibly useful tool that is literally worth its weight in gold.

Insights
5th August 2024

The early arrival program

David Lund

Don’t set guests up for disappointment – set them up for more fun and they will love it.

early arrivals program
Insights
8th July 2024

The top 10 accounts receivable controls

David Lund

Offering credit comes with risk and when we have these risks, a tight set of controls that we follow will help keep us safe. Follow these controls if you want to limit your chances of coming up short.

Top 10 Accounts Receivable Controls
Insights
29th May 2024

Putting a dollar value on a hotel

David Lund

Determining the current selling or asking price for a hotel is a bit tricky. Here’s how you can estimate the value, AKA sales price.

hotel value
Insights
22nd April 2024

The Top 10 cash controls

David Lund

Cash controls are not complicated, but they need heightened awareness and a constant effort to be effective.

Cash is king
Insights
19th February 2024

Understanding the difference between material and immaterial expenses

David Lund

The materiality refers to the significance of the expense item in the context of the financial statements. Our industry is unique in many ways and so is the application of this contrast.

Material vs immaterial expenses

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