Hotel Colleague Engagement

Hospitality Financial Leadership – Closing Costs

In my life, there are few if any financial moments that have created a lasting positive memory. At least that is how it has been for me. Not too many earth-shattering activities, but one on the money side stands out. So that is what this one is about, one of those moments where a financial miracle happens, and it…

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Hospitality Financial Leadership – Why Prioritizing Employee Development Has the Best ROI for Owners

A lot has been said about why we have such a labor crisis in hospitality. Some would say it is no wonder because we have forgotten – or better still allowed – the forces that be to drive the agenda around how we invest in and manage our hotels.

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Hospitality Financial Leadership – Why GMs Have Such a Hard Time Managing Their Financial Leader

This is not the case for all GMs, but it is definitely the case for many. The reason is simple: the GM has not been given any formal accounting training and they are intimidated by the numbers and their lack of knowledge.

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Hospitality Financial Leadership – How to Write a Great Monthly Executive Commentary

They go by many names: owner’s commentary, monthly commentary, executive commentary and more. The names can be different but in essence, they are all the same thing – a review of the prior month’s results plus a forward look into the coming months from a financial and market perspective.

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