Hotel Finance Strategy
Hospitality Financial Leadership – What Are CAP Rates and How to Use Them
A capitalization rate, or cap rate, is a measure of the income return on an asset, such as hotel or rental property, relative to its purchase price. It is calculated by dividing the net operating income (NOI) of the asset by its purchase price. That’s what this piece is all about. It also must be said from the get-go that…
Hospitality Financial Leadership – Understanding Business Principles
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Guest Post by: Alicia Rother, 5 Strategies for Navigating Financial Challenges in the Hospitality Industry
The hospitality industry has long been a cornerstone of the global economy, providing millions of jobs and contributing significantly to local economies.
However, recent times have put this industry to the test like never before. The COVID-19 pandemic, economic downturns, and shifting consumer preferences have created significant financial hurdles for businesses in the hospitality sector.
According to the World Travel…
Hospitality Financial Leadership – Why You Need to Reconcile Your Credit Cards Every Day
The dreaded credit card reconciliation need not be such a big deal if we bite-size it. That is what this piece is all about: How and why you should balance your credit cards daily. That is right – every day – and I mean we know the cards are balanced to three separate and connected points.
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.