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Hotel budget: Steps in the budgeting process for hotels

SiteMinder

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. It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services.

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Hotel Self-Service Kiosk: Why Is It a Must-Have?

eZee Absolute

You could use it to enter your booking details, verify your ID, and make the payment, and there — “this is your keycard”, and you are simply done with the check-in. It eliminates the need for the front desk as it handles bookings, check-ins/outs, provides room keys, processes payments, and such likes. Looks like a dream?

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Diverse careers in hospitality and tourism: match your talents

Les Roches

Food and beverage manager: manages the business’s food and beverage operations, including menu planning, maintaining quality and customer experiences. They must handle budgets, manage vendors and deal with logistics. Tourism offers many job roles with the chance to travel, meet new people and create excellent customer experiences.

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10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

By reducing costs, hotels can offer better rates to guests, enabling them to better position themselves to budget-conscious travellers. Sustainability: When mitigating waste and conserving resources, hotels can reduce their environmental impact and operate in a more sustainable manner.

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Hotel Business: A comprehensive guide

SiteMinder

No matter which definition you use, the ultimate goal of all hotel businesses is the same: to attract more guests, fill more rooms, and maximise the value of every booking. For example, increasing web traffic by 50% and direct bookings by 15%) When do you want all this to happen? Where do you want to be? Within the next 12 months?

Book 59
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“All in One” Property Management Systems Vs “Best of Breed” Solutions

STAAH

The “HospiTech” space is awash with solutions that promise they are the new panacea or can provide silver bullets to unwary hoteliers; non more so than “All-in-One Property Management System (PMS)” providing channel management and booking engine capabilities (as well as of course managing reservations).