Revenue Hub

NOVEMBER 30, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.

Budgeting 80

Budgeting Pricing Accounting Article 80

Revenue Hub

NOVEMBER 3, 2023

For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. Are there ways to make the 2024 budgeting process more streamlined and efficient? Start Early but Submit Late Hoteliers often complain that the budgeting process seems to start earlier every year.

Budgeting 92

Budgeting Strategic Planning Article Accounting 92

Revenue Hub

OCTOBER 13, 2023

Planning a hotel budget is a critical task that ensures the smooth operation and financial health of your hotel. This guide will walk you through the essential steps, best practices, and expert advice to help you create a robust hotel budget. Without a budget, you risk financial instability and inefficiency.

Budgeting 93

Budgeting Revenue Projections Article Maintenance 93

SiteMinder

SEPTEMBER 10, 2023

What is a hotel budget? A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. The budget also accounts for all types of expenses, including operational costs, capital expenditures, and marketing budgets. Here are the steps involved: 1.

Budgeting 59

Budgeting Maintenance Front Desk Operations Document 59

Revenue Hub

SEPTEMBER 5, 2023

Planning the budget for your hotel is crucial for financial success. Subscribe to our weekly newsletter and stay up to date In this guide, we’ll break down everything you need to know about budgeting with revenue best practices in mind. You’ll need to address problem areas in your 2024 hotel budget. Let’s dive in!

Budgeting 85

Budgeting Accounting Pricing Article 85

Hospitality Net

AUGUST 30, 2023

For the last 20 years, The Peabody has relied on Aptech to automate its enterprise accounting processes. This month, the property will go live with Aptech’s budgeting and forecasting solution, Targetvue, to give its accounting team “one version of the truth.”

Budgeting 97

Budgeting Accounting 97

STAAH

NOVEMBER 29, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.

Budgeting 65

Budgeting Pricing Book Accounting 65

Revenue Hub

OCTOBER 20, 2023

Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached out to global hotel leaders to find out.

Budgeting 99

Budgeting Travel and Tourism Pricing Article 99

Synergy Suite

JUNE 6, 2023

A powerful tool, restaurant accounting software can revolutionize the financial management of your food service establishment. What is Restaurant Accounting Software? Restaurant accounting software is a specialized software solution designed to manage financial and accounting tasks specific to the restaurant industry.

Accounting 52

Accounting POS Systems Budgeting Bookkeeping 52

The Restaurant Times

AUGUST 5, 2022

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. Typical accounting methods have not been able to cope with the fast-changing demands of the restaurant business. Benefits Of Restaurant Accounting. Efficient Budgeting. Accounting Cycle.

Accounting 52

Accounting Bookkeeping Budgeting POS Systems 52

SiteMinder

MAY 12, 2023

What is hotel accounting? Hotel accounting is the process of recording and maintaining the financial records and performance of your hotel business. Good accounting makes the finances of your hotel easy to understand for management and other stakeholders – so they can make informed decisions. room sales).

Accounting 52

Accounting Maintenance Document Pricing 52

eHotelier

JUNE 12, 2024

Virgin Hotels Chief Financial Officer Harris White said Aptech’s PVNG enterprise accounting, Execuvue business intelligence, Targetvue budgeting and forecasting, and automated invoice processing has been the financial systems support the company needed to weather the pandemic and prepare for future growth.

Budgeting 130

Budgeting Accounting 130

Travel Booster

MAY 10, 2023

Are you tired of spending countless hours tracking down transaction records, trying to reconcile accounts, and manually generating financial reports? But fear not, intrepid travel agency, because we’re here to help you navigate the choppy waters of accounting software. The List of Best Accounting Software for Travel Agencies: 1.

Accounting 52

Accounting Book Information Budgeting 52

Modern Restaurant Management

AUGUST 10, 2020

The Center on Budget and Policy Priorities estimates that state budget shortfalls will reach almost 10 percent in the current fiscal year and about 25 percent in fiscal year 2021. A good practice for restaurants is to move these trust fund monies into separate bank accounts. On July 13, the U.S.

Budgeting 178

Budgeting Accounting Information 178

Xotels

AUGUST 15, 2022

How far are you with your targets, budget, and plan of attack for next year? Did you make your new hotel budget already or are you right in the middle? Or are you really putting your teeth into it and drilling down per segment, per channel, per account, and per day? I have to share with you a funny story to budgeting with you.

Budgeting 59

Budgeting Marketing Blog Accounting 59

eHotelier

FEBRUARY 15, 2024

Invisible to guests at this AAA 4 Diamond oceanfront property is how efficiently the hotel’s finance team is operating thanks to the addition of two software solutions from Aptech: PVNG Enterprise Accounting and Targetvue Budgeting & Forecasting.

Back Office Operations 130

Back Office Operations Budgeting Accounting 130

Hospitality Net

JUNE 11, 2024

Virgin Hotels Chief Financial Officer Harris White said Aptech’s PVNG enterprise accounting, Execuvue business intelligence, Targetvue budgeting and forecasting, and automated invoice processing has been the financial systems support the company needed to weather the pandemic and prepare for future growth.

Budgeting 98

Budgeting Accounting 98

Revenue Hub

MARCH 6, 2024

Starting March 11, Google Ads is implementing a new policy that’s all about boosting your campaign’s budget efficiency. Rollout Timeline: Completion across all Google Ads accounts by the end of April. Here’s why it’s important: Budget Optimization: Ensuring your ad spend goes to active, high-performing ad groups.

Budgeting 102

Budgeting Accounting Article Marketing 102

Hotel Business

JULY 18, 2024

This collaboration brings together Aptech’s cloud-based enterprise accounting and Birchstreet’s P2P software to deliver better control over purchase orders, invoicing, budgeting, order delivery, flexible payment options and more, according to the companies.

Accounting 52

Accounting Procurement Budgeting Customer Service 52

Modern Restaurant Management

JUNE 26, 2020

Many restaurants are looking at their 2020 budget and wondering – what now? It is time to adjust your 2020 budget, evaluate labor and food costs, update bank reconciliations and take an overall holistic look at your business model and strategy. Restaurants and bars are opening with capacity restrictions and new guidelines.

Budgeting 178

Budgeting Accounting Front of House Customer Service 178

Hospitality Net

JULY 17, 2024

Based on customer demand, this collaboration brings together the best in cloud-based enterprise accounting and P2P software to deliver better control over purchase orders, invoicing, budgeting, order delivery, flexible payment options, invoice imaging, and financial review efficiency with drill down from P&L to invoice image.

Procurement 52

Procurement Budgeting Accounting 52

Hospitality Net

FEBRUARY 13, 2024

Invisible to guests at this AAA 4 Diamond oceanfront property is how efficiently the hotel’s finance team is operating thanks to the addition of two software solutions from Aptech: PVNG Enterprise Accounting and Targetvue Budgeting & Forecasting.

Back Office Operations 96

Back Office Operations Budgeting Accounting 96

Modern Restaurant Management

JULY 23, 2024

Accounting for any other stipulations outlined in local labor laws. For example, a manager in a jurisdiction with a curfew for teens under 18 would need to account for that when scheduling employees, while a manager at the same franchise in a different city might not.

Scheduling 186

Scheduling Accounting Training Front of House 186

Modern Restaurant Management

APRIL 10, 2024

For example, operators can boost value perception and satisfaction by implementing a barbell strategy—appealing to budget-conscious consumers looking for affordable meals as well as giving high-end customers, who are willing to pay a premium, additional options to add on.

POS Systems 193

POS Systems Back Office Operations Pricing Budgeting 193

Modern Restaurant Management

FEBRUARY 27, 2023

Businesses can run promotions, such as early bird specials, to attract budget-conscious diners and use an email database to get the word out. Use creativity to market a restaurant on a limited budget. Reviewing these numbers frequently can help to hold vendors accountable to the prices they are quoting.

Bookkeeping 186

Bookkeeping Budgeting Scheduling Accounting 186

Hospitality Net

MARCH 13, 2024

With relationship building always top of mind, Aptech will be exhibiting at the 35th Annual Hunter Hotel Investment Conference to display its integrated enterprise accounting, business intelligence, and budgeting/forecasting software for hotels.

Budgeting 73

Budgeting Accounting Events 73

Modern Restaurant Management

MARCH 1, 2023

The best way to decrease food waste is to have accurate, up-to-date analysis, which means implementing a reliable restaurant accounting system. Also, BOH staff should establish a declining spending budget to account for weekly purchases and pinpoint how much budget remains for need-it-now food and ingredient purchases.

Back of House 169

Back of House Front of House Accounting Budgeting 169

Blue Magnet Interactive

FEBRUARY 11, 2020

Your property may even have an account on Instagram and Twitter. Social listening, when done effectively, can improve your social media account performance and enhance your entire marketing strategy as a whole. Active social listening can help your marketing team make educated decisions and allocate your budget more effectively.

Accounting 52

Accounting Marketing Budgeting Information 52

Revenue Hub

JULY 2, 2024

Here’s how it works: The event planner starts the process by specifying their event requirements, such as the number of attendees, dates, meeting room specifications, audiovisual needs, accommodation, catering, and budget. Hotels respond with detailed proposals showing how they meet these needs. If they are fortunate, they win the business.

Events 85

Events Accounting Pricing Article 85

Horizon Hospitality

APRIL 15, 2024

It speaks to the public’s demand for authenticity and is budget friendly. No matter what a restaurant’s budget is, there is no shortage of tactics available for UGC. User Generated Content (UGC), which is anything that a customer shares about a brand on social media, seems to be a marketing golden ticket for restaurants.

Marketing 130

Marketing Budgeting Accounting 130

Modern Restaurant Management

JULY 22, 2024

For example, one of the major drains on restaurants’ budgets is electricity, which powers up those all-important air conditioners. This enables them to minimize demand charges for electricity, which are higher than average and can account for more than 50 percent of restaurants’ monthly bills. According to the U.S.

Pricing 193

Pricing Facility Management Maintenance Budgeting 193

7 Shifts

MAY 1, 2024

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself?

Bookkeeping 88

Bookkeeping Accounting POS Systems Scheduling 88

Hotel Owner

DECEMBER 6, 2022

Travelodge has announced it has exchanged contracts for a seventh hotel in Bristol with Invesco Real Estate, a global real estate investment manager, on behalf of one of its separate account clients. The hotel will be developed to Travelodge’s new budget luxe premium look and feel design, the group’s “most radical transformation to date”.

Budgeting 105

Budgeting Accounting 105

Modern Restaurant Management

NOVEMBER 24, 2020

Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. Plan for Gaps in Your Budget. That said, restaurants didn’t have COVID-19 written into their budget at the beginning of 2020.

Budgeting 229

Budgeting Communication Training & Development Marketing 229

Hotelogix

JULY 11, 2024

One major challenge is competing with bigger hotel chains with larger marketing and technology budgets. Additionally, independent hotel owners often find it difficult to access the same resources and budget that larger chains benefit from. They also struggle with rising operating costs, including utilities, maintenance, and staffing.

Pricing 130

Pricing Download Book Budgeting 130

Revenue Hub

APRIL 22, 2024

The absence of marketing at key points in a traveler’s booking journey due to budget restrictions should be recognized for what it is—opportunity cost. So much so that OTAs have devoted huge chunks of their budgets to these channels. Metadesk covers the cost of media – and is not constrained by artificial budget limits.

Budgeting 104

Budgeting Book Presentation Marketing 104

Modern Restaurant Management

MARCH 30, 2022

Accountability down to the individual level. More accountability for who is responsible for what in an organization results from each step in a business workflow being clearly assigned to one action. If visibility is increased, then communication for employees can be more accurate. Value of Automated Workflow.

Front of House 178

Front of House Customer Service Accounting Communication 178