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Tag : hotel budgeting

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Hospitality Financial Leadership: The Financial Forecast Disconnect and How to Correct It

May 6, 2019

By David Lund When I work with hotel clients around their financial leadership it’s often centered on getting the team to do their monthly financial...

Hospitality Financial Leadership: Negative Flow Thru

April 22, 2019

By David Lund One of the most read articles I have written is on the topic of flow thru and how to use it in your financial statements. Understanding flow...

Hospitality Financial Leadership: She Said She Was Born Without the Financial Gene

February 25, 2019

The following is a recap of a single coaching session which turned into a coaching relationship with a client. For this article I am going to call my client...

Hospitality Financial Leadership: Expectations vs. Agreements

November 19, 2018

By David Lund In life, few things make us less productive and more distant than other people’s expectations of us. Expectations are everywhere, at work...

Why You Need to Take a Holistic Approach to Hotel Budgeting

October 9, 2018

By Kristi White As summer’s warm breezes and lush, green growth transform into the vibrant colors and crisp air of the fall season, another...

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: 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: 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 - 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 - Four Important Things to Know

November 7, 2017

By David Lund By creating and delivering my hospitality financial leadership workshops, I learned four very important lessons. The lessons center around how...

Unexpectedly Slow - Hoteliers Overestimated 2016 Performance

October 16, 2017

By Robert Mandelbaum From 2010 through 2015, U.S. hotels enjoyed above long-run average revenue and profit growth.  Over the six-year period, total...

Budgeting Is Getting Easy

October 20, 2014

by: Robert MandelbaumThrow away the Ouija and dart boards.  Apparently predicting the performance of U.S. hotels has become very easy for U.S. hotel...

The Smart Hotelier’s Guide to 2014 Digital Marketing Budget Planning

August 14, 2013

By Max Starkov & Mariana Mechoso Safer Hoteliers, we have just passed the mid-year mark and it's time to plan your digital marketing budgets for next year....

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