It is extremely important you prepare yourself well, do a lot of research and develop a detailed business plan to ensure success. Here’s a detailed look at what you’ll need.
Five tips for the summer after Covid
Now is the time to re-examine your core strategies and take a hard look at your plans for the long-term, as real recovery is coming, and those who prepare will reap the appropriate rewards.
Writing your plan for 2021 starts with the PMS
Forecasting for 2021 is in many ways still untenable, yet despite the widespread uncertainty from the coronavirus, we can still depend on a few trends to guide our approach. Here’s how technology can help you find hidden pockets of revenue.
A budget season like no other
How do we make the most of our planning efforts for 2021 given so much uncertainty? Here are three factors that are important to consider as you face the uncertain future.
How to be smart with your time when revenue is down
Now is the time for planning, not panicking.
How to get hotel department heads to want to do their financial forecasts
Here are four tips to work on if you want to create the kind of environment that has your leaders and managers wanting to do their monthly financial forecasts, commentaries or budgets.
How to prepare a financial budget
Here are a few shortcuts, tricks and above all else a process to follow when working on the budget for next year.
What’s missing with hotel labor planning tools?
Budgets, Forecasts, Schedules and Variance Analysis all need to be geared to the same measure. It all boils down to the volume of business and the hours worked and how can we get just a little better tomorrow.
Ten questions to ask your team for 2019
The key for the upcoming year is to plan for a gradual and continuous change, and the first step towards this is to align with your team. Here are some questions to provide focus to achieving that aim.
The smart hotelier’s guide to 2017 digital marketing budget planning
The Smart Hotelier’s Guide to 2017 Digital Marketing Budget Planning provides hoteliers with a concrete roadmap to jumpstart the property’s direct bookings and guide its digital marketing and distribution strategy throughout the year.
