article thumbnail

Best Steps and Practices to Create a Robust Hotel Budget

Revenue Hub

NB: This is an article from Duve Subscribe to our weekly newsletter and stay up to date Understanding the Importance of a Hotel Budget Why is it Important? It helps prevent overspending and ensures that expenses are in line with revenue projections. Accurate revenue forecasting is the foundation of your budget.

article thumbnail

6 Expert Tips To Create An Effective Cafe Business Plan For The UK

The Restaurant Times

This article discusses how you can write an impactful business plan for your cafe in the UK. . A cash flow statement depicts how changes in the balance sheet, accounts, and income affect liquidity and provides an overview of operating expenses. You can analyze the total expenses and revenue projection to calculate your gross profit.

article thumbnail

Identifying Ancillary Revenues and Driving Additional Revenues

Revenue Hub

When thinking of ways to increase revenues, most revenue managers focus on the room and look for ways to increase revenues by offering early check-in, late check-out, upgrades to suites and other room types, as well as generating no-show revenue. NB: This is an article from RealTime Reservation.