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

SiteMinder

DECEMBER 20, 2023

To ensure you’re operating at a profit, you’ll need to understand pricing at your hotel and optimise your pricing strategy so that you maximise the revenue that you generate per room and per guest. For example if your hotel is expected to be occupied at 80% with an ADR of $200, your RevPAR will be $160.

Book 59

Book Housekeeping Pricing Communication 59

Revenue Hub

MAY 18, 2023

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.

Front Desk Operations 84

Front Desk Operations Cost Reduction Book Training 84