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Tag : hotel budget

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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...

Hospitality Financial Leadership: Beverage Cost or Contribution Margin?

May 7, 2018

By David Lund We all heard about it every month. The beverage cost! And it usually was not very pretty. Seemingly always too high, and it typically created...

Hospitality Financial Leadership: Hotel Current Assets – What You Need to Know

April 30, 2018

By David Lund When we cross the bridge in the hospitality financial world to the greater business world, the concept of an asset and how it is used comes full...

Hospitality Financial Leadership: Fixed/Variable Costs and Room Revenue Management

April 23, 2018

By David Lund Lately, I have spoken to several revenue managers who have told me how much their cost is to take a room—to make that last sale of the...

Hospitality Financial Leadership - Catch Me If You Can: It’s a Game of Confidence

April 16, 2018

By David Lund Frank Abagnale is arguably the world’s most famous modern-day impostor. Leonardo DiCaprio played his character in the 2002 movie directed...

Hospitality Financial Leadership - Who Has ALL the Risk and Why?

March 5, 2018

By David Lund In the hotel business, we have lots of stakeholders: brands, managers, executives, and owners. But one has by far the biggest risk. The risk in...

Hospitality Financial Leadership - Create the Monthly Financial Circle!

February 26, 2018

By David Lund It’s A Circle – Create the Monthly Financial Circle! Practice is what we are missing. Practice with the financial piece is somehow...

Hospitality Financial Leadership - Runnin’ Down a Dream

November 13, 2017

By David Lund Yeah, runnin' down a dream - That never would come to me - Workin' on a mystery, goin' wherever it leads -  Runnin' down a...

Asset-Managing the 2018 Budget Story

November 9, 2017

By Gary Isenberg As summer tumbles into fall, hotel asset managers grapple with the annual challenge of reviewing and approving budgets for their hotel or...

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