Hotel Budgets
Hospitality Financial Leadership – The #1 Budget Mistake You Want to Avoid
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Hospitality Financial Leadership – The Hotel Budget Guide “Everything You Need to Know”
The Hotel Budget Guide
“Everything You Need to Know”
A Comprehensive Interview With Tons of Pro Tips and Best Practices
This guide will show you everything you need to know about hotel budgets and how to create your hotel budget for 2023.
To create this, I worked with David Lund,…
Hospitality Financial Leadership – Best Way to Budget and Forecast Expenses
Coming Soon in 2022 – The Prosperous Hotelier
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Hospitality Financial Leadership – How to Do a Breakeven Analysis Using REVPAR
I have recently read more than one article on breakeven analysis and they all miss the mark in my books because they focus on what occupancy is needed. Occupancy is only half of the final recipe.
Hospitality Financial Leadership – What is the Only Thing We Know for Sure About the Hotel Budget?
The budget is a BIG deal. Heck, it consumes so much time and energy in the hotel. Getting it right is a critical element to any branded, managed hotel. If you are reading this and you do not prepare an annual budget, you are probably scratching your head and wondering what I…
Hospitality Financial Leadership – Top 10 List for Controlling Labor Costs
Managing labor costs is a never-ending battle in any hotel. No wonder it adds up to on average 50 percent of the total revenue in hotels around the world.