hotel profit and loss

Hospitality Financial Leadership – Designing Your Financial Reporting System – A Wake-Up Call

Having a financial system that produces regularly scheduled information about your hotel and the direction it is going is paramount to your survival. Without this regular reporting, you are really flying by the seat of your pants. But what exactly do you need to be looking at and who produces it and…

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Hospitality Financial Leadership – GOPPAR Characteristics

If you only use RevPAR index, then you are missing the bulk of the story. From time immemorial, revenue per available room, or RevPAR, has been the go-to key performance indicator in the hotel industry.

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Hospitality Financial Leadership – Modern Hotel Financial Statement Features – Part 1

Do your hotel financial statements give you the information you need to effectively run your business? Are you able to see if your profits are where they should be in an enhanced top-line statement? Do your statements measure flow thru? Do you record your room’s business by proper segments and track the…

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1-1 Mentoring Client Letter

Amid all the chaos comes the hotel financial leadership progress that makes this recovery something special…read this short and inspiring note from a former client.

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