Use a Business Mindset: David Lund on Hotel Finance
David Lund, a financial consultant for hotels, shares his thoughts on how hotels should approach hotel finance software and tools, and the role technology plays in daily operations, highlighting the skills needed to succeed. With vast experience in hospitality operations, finance, and accounting, David offers his unique view on the hospitality business and advocates financial literacy for hoteliers as one of the most crucial skills to have.
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Themes in this Article For Hotel Financial Leadership
- Being on top of your numbers is the currency of career advancement.
- The three pillars of hotel prosperity are guest service, colleague engagement, and money. Balance them and you have the key to a great hotel.
- It’s not accounting skills that one needs, it is business thinking.
- Without the proper leadership disciplines in place to begin with, technology is useless. Understand the fundamentals and technology will accelerate your success.
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