Hotel Budgets

By Guest Author, Patrick McClary – Executive Chef, Caesars Windsor

If you have an idea for a story/blog drop me a note and let me know what you want to write about and maybe we can publish it.

When people hear the term food cost, they generally think…

This is a story about a recent client who hired me to coach her. She was the director of rooms in a large hotel in Illinois and was told that it was possible for her to be promoted to a general manager role in the future in a smaller hotel with the…

In our business it is no secret that labor is our single biggest expense. Last year the average hotel in North America, according to data collected from thousands of medium- and full-service hotels by a popular industry partner, was right around 50 percent of total revenues.

What is a secret is how most hotels manage their largest cost. In…

When you are reviewing a hotel budget you want to ask the right questions—the ones that will yield the biggest treasure.

You see, the game of budgets in most hotel companies where the corporate or regional master needs to approve the plan before it is presented to the owner is a game…

 

Creating a financially engaged leadership team takes time, commitment, respect for fair play, resources and a sense of adventure.

When creating something new, for me there was always an element of the unknown. In writing my book, it occurred to me that if I had a book like this 25…

Tis the season and most hotels are already well underway with their annual grunt work to prepare a 2020 plan for the regional and corporate teams to review and then it is onward to ownership seeking their approval.

In most hotels, this process is a protracted drawn-out marathon of such epic…