I discuss this question with hoteliers way too often. It’s not their fault, but the reality is they don’t understand what this statement means and, in this piece, I’m going to lay it out for you. I will say that the lack of understanding and basic ignorance of this is a costly and completely avoidable expense if you just…

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.

The Two Principle Financial Statements and the Link

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Coming Soon  – The Prosperous Hotelier

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Now There Is Help With This Monthly Must Do Function
In Your Hotel

Over the years I have seen a lot of messes in my career. Not only the ones that catch your eye because of the clutter and disorganization you see in the back spaces of your hotel but I’m talking about a mess on the balance sheet.

There are two main differences between…

The following is a recap of a single coaching session which turned into a coaching relationship with a client.

For this article I am going to call my client Jennifer.

I was speaking at a local hotel association event and as usual a few people came to see me at the end…