How we can differentiate between expenses and investments to make sure we recognize the difference and make the best decisions for the ongoing health of our enterprise.
Hospitality finances: the critical importance of accruals and deferrals
In order to produce an accurate picture of the business’s financial performance, we need to match the revenues earned with the appropriate amount of costs, payroll and expenses. There is no way to accomplish this without the use of accruals and deferrals. This pair of agents is like the defensive line in a football team.
GOPPAR characteristics
If you only use RevPAR index, then you are missing the bulk of the story.
What’s possible in the future with hotel financial statements
What if we could look at the profitability by segment and roll that up to be able to see revenues and the associated costs by market segment?
What do Peter Pan and your hotel career have in common?
There’s an unexpected magical spell that lands on you when you fall in love with the hotel business, but learning about hotel finances can be the tricky rung when climbing the hospitality career ladder.
Hospitality financial leadership – The Consultants
Whilst numbers are important, they don’t always tell the full story. Any strategy that works needs to rely on the person that knows your business the best. You.
What will the post pandemic hotel world look like?
The other side of this pandemic is going to see some profound changes in the traveling world and the hotel business. Here are seven predictions on what changes we’re most likely to see.
The ultimate hotel P&L
What if there is a better way to look at the financial information that helps operators see their results (and better still their budgets and forecasts) in a different light?
Hotel franchise/management fees: 20 years is a very long time
We don’t know what’s next in the hotel world and how business will evolve, but one thing is for certain: You will be receiving new items on your monthly corporate invoice from time to time, and you will have to pay for them whether you like it or not. Full stop.
Top 10 ways to control food costs
Here are 10 cost control strategies that will help you stay on top of the never-ending job of keeping your food costs under control.