A hotel manager's most important tasks are making money for the owner and maintaining the asset. Satisfied guests and motivated employees are among the tools, but cost controls are also critical components of the formula.
Industry Insights
We have written thousands of articles about all aspects of hospitality, including valuations, investing, lending, operations, asset management, and much more.
Let's Talk About Cost Controls
A hotel manager's most important tasks are making money for the owner and maintaining the asset. Satisfied guests and motivated employees are among the tools, but cost controls are also critical components of the formula.
Sales Tax Audit!
This description of a sales tax audit is an opportunity to minimize potential problems with sales taxes. While focused on Minnesota much of it applies to any state with sales taxes. Do not construe this article as legal or tax advice.
The Increasing Demise of Telephone Profits in Full-Service Hotels
This article briefly discusses the three primary reasons that have led to the demise of telephone profits in full-service lodging facilities.
GOPPAR, a derivative of RevPAR!
This article shows the pitfalls of RevPAR, and elaborates on the advantages of using a complementary performance measure, GOPPAR.
Canadian Lodging Outlook January 2003
GOPPAR, a derivative of RevPAR!
Industry Insights
We have written thousands of articles about all aspects of hospitality, including valuations, investing, lending, operations, asset management, and much more.
This description of a sales tax audit is an opportunity to minimize potential problems with sales taxes. While focused on Minnesota much of it applies to any state with sales taxes. Do not construe this article as legal or tax advice.
This article briefly discusses the three primary reasons that have led to the demise of telephone profits in full-service lodging facilities.
This article shows the pitfalls of RevPAR, and elaborates on the advantages of using a complementary performance measure, GOPPAR.
Robust demand in urban centers continues to drive Canadian hotel values despite high interest rate environment.