Read our hotel budget resources for expert advice on managing your hotel finances, reducing hotel operating costs, and increasing your revenue.
An important feature for any hotel or property to have is a reliable payment processing system. A hotel payment processing system allows you to receive payments in person or online, for every guest that checks in at your hotel. Without
An important part of owning or working at a hotel is revenue management. Managing your revenue properly allows you to have a good understanding of your hotel’s opportunities and soft spots in your business. How can you achieve revenue and
“Global distribution” describes the network of channels that connect hotels with travelers and allows them to showcase their available rooms and rates through online travel agents (OTA), such as Hotels.com and Booking.com. Global distribution is essential for hotels that are
Hotel budgets are impacted by a variety of factors, such as seasonality, events, labor and competition. And, of course, unforeseen occurrences, like extreme weather, have the ability to drastically skew or contribute a surprise lift to forecasted figures. Budgeting will
