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Tag : hospitality financial leadership

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Hospitality Financial Leadership – Understanding RevPAR and RevPAR Index

October 15, 2018

RevPAR and RevPAR index are different and I’m going to explain them both in this article. Let’s start with RevPAR It is the cornerstone of the...

Hospitality Financial Leadership: Your Department Managers Really Want to Do Their Monthly Financial Forecasts

October 8, 2018

By David Lund You probably read the title and said to yourself, “No way, that’s a load of BS. There is no way my managers want to do their...

Hospitality Financial Leadership: Understanding Liabilities

October 1, 2018

By David Lund When I do financial leadership workshops with hotel teams we often talk about liabilities. I tell my audience that I know for a fact that each...

Hospitality Financial Leadership: Unplugging the Brand and Cranking up the OTA’s – Hotel Overachiever

September 24, 2018

By David Lund It’s nothing new to hear about hotels or owners who have said “good bye” to brands and have gone on their own as an...

Hospitality Financial Leadership: Using Expense Checkbooks

September 17, 2018

By David Lund I can vividly remember, as a young lad, my dad sitting at the kitchen table paying the monthly bills by check and then updating his checkbook. I...

Hospitality Financial Leadership: The Morning Meeting

September 10, 2018

By David Lund The morning meeting is a mainstay in almost every hotel. All the key department managers and leaders gather, usually in the front office or...

Hospitality Financial Leadership - Igniting Your Financials by Putting Hours of Work in Your P&L

September 4, 2018

By David Lund In hospitality we all know that payroll is by far the largest expense and therefore it has the biggest negative impact on profitability. Turn...

Hospitality Financial Leadership: Who Inspired You?

August 20, 2018

By David Lund Who inspired you – Who was the one person in your career you would have done anything for? Be you for a moment and re-live the experience...

Hospitality Financial Leadership: Why Your Average Joe Should Never Use an OTA – And… Why He Will Never Stop Using Them!

August 13, 2018

With two large shortcomings I can’t see why the average person who has a basic understanding of how the travel world works would ever use an online...

Hospitality Financial Leadership: Light Bulb Moments

August 6, 2018

By David Lund I have had a few of these. The ones that stand out the most for me are the ones that I experienced from my father. Growing up I was not what...

Hospitality Financial Leadership – Flower Power

July 30, 2018

By David Lund It was the spring of 1995 and I had recently transferred from one hotel back to the regional base and into a newly created position as the...

Hospitality Financial Leadership: Educating Our Leaders Is the Highest Form of Service

July 23, 2018

By David Lund If Serving is Beneath You, then Leadership is Beyond You While creating hospitality financial leadership workshops, I learned three very...

Hospitality Financial Leadership: Credits to Cost of Sales in Food & Beverage

July 16, 2018

By David Lund Giving the proper credits to your food and beverage operation is an important task. You want to ensure it is done consistently and fairly. This...

Hospitality Financial Leadership: Why Hotel Brands and Franchisers Secretly Love the OTAs

July 9, 2018

By David Lund I know we all hear the battle cries every day in our industry, but what’s really going on with hotel brands, franchisers, the online...

Hospitality Financial Leadership: Top 10 List – How to Create More Hospitality Financial Leadership

July 2, 2018

By David Lund 1. You can increase the way you lead your team financially. Create an environment that has your managers working together on the...

Hospitality Financial Leadership: The Busy Hotel Executive

June 18, 2018

By David Lund Coaching people around the financials in hotels is what I do. I accomplish this by one-on-one coaching, usually on the phone or through Skype,...

Hospitality Financial Leadership - Business Acumen and Women

June 11, 2018

By David Lund I may have caught your attention with this potentially explosive title, so I hope you will read this and either help change this inside your...

Hospitality Financial Leadership: The General Manager’s Yardstick

May 29, 2018

By David Lund I have seen a lot of different management styles over my 35 years in hospitality. The one I am going to write about in this piece was not the...

Hospitality Financial Leadership: The Three Dimensions of Delegation

May 21, 2018

By David Lund Delegation has three dimensions that are powerful tools. Delegation is also quite often misunderstood. In this article I am going to explain my...

Hospitality Financial Leadership: Why Teaching Accounting in Hotel School Is a Waste of Time

May 14, 2018

By David Lund I have a dream. My dream is that the numbers, the numbers that so many managers agonize over in our industry, are just as accessible as guest...

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