Real-time Data Helps Hotel Equities Dominate Budgeting Season

Expansion has been the name of the game for owner-operator Hotel Equities, as the portfolio has grown substantially in recent years to around 250 hotels and resorts, encompassing more than 30,000 rooms and employing nearly 9,000 associates.   

Part of establishing itself as a premier owner-operator in hospitality has been Hotel Equities’ dedication to technology investments that enhance investor and guest experiences, streamline operations, and improve efficiencies enterprise-wide. A key area is budgeting and forecasting – once an annual process that took place at the end of the year, but has now morphed into an area of constant focus throughout each year. Hotel Equities has implemented the right strategies and systems to provide general managers and corporate department heads with the best resources to build the most accurate forecasts, which lay the groundwork for a more efficient budgeting process. 

By adopting Otelier TruePlan, Hotel Equities was able to: 

• Use real-time data to reduce time spent budgeting 
• Unify budgeting and forecasting processes across the portfolio
• Rely on accurate forecasts that lead to efficient budgets 

Read about the results of the partnership between Otelier and Hotel Equities by using the form below.