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Hotel Budgets: Things to Keep in Mind When Budgeting for 2023

Revenue Hub

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.

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Hotel budgets: things to keep in mind when budgeting for 2023

STAAH

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.

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McDreams future-proofs its property management platform as it targets 100% growth in 5 years

Hospitality Net

German budget hotel operator McDreams Hotels is taking automation of its property management to another level as part of its bid to double in size in five years.

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Maestro PMS unveils 2024 Tech Roadmap featuring AI Chatbots, AI Booking Engine, embedded payments and more

eHotelier

According to the 2024 Lodging Technology Study, 100% of survey respondents (hotel professionals representing more than 10,000 properties worldwide, including luxury, upscale, midscale, and economy brands) say their IT budgets will increase or hold steady this year.

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Maestro PMS All-In-One Solution Provider Unveils 2024 Tech Roadmap Featuring AI Chatbots, AI Booking Engine, Embedded Payments and More

Hospitality Net

According to the 2024 Lodging Technology Study, 100% of survey respondents (hotel professionals representing more than 10,000 properties worldwide, including luxury, upscale, midscale, and economy brands) say their IT budgets will increase or hold steady this year.

Budgeting 105
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Thinking of Switching to Cloud? Here are 5 Reasons You Should

InnQuest

These services can include self-check-ins , inventory management, property management insights, reports, etc. Additionally, many cloud providers offer flexible pricing models, so you can choose the option that best fits your budget and requirements. The post Thinking of Switching to Cloud?

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Key PMS Features Independents Must Consider Budgeting for in 2024

Hospitality Net

The current state of hospitality is leading operators to embrace a fast, reactive approach to hotel management, which thrives on nimble decision-making supported by technology and light automation.