Hoteliers across departments – operations, finance, commercial – are adopting modern strategies to streamline the annual financial budgeting process, improving collaboration, efficiency, and accuracy.
“Hotels that budget tend to do about 20% better in topline revenue than hotels that don’t budget because they’ve got a goal, they’ve laid it out, and they they’re shooting toward it on every micro-decision made throughout the year,” says Russell Meek, Senior Product Manager for TruePlan, Otelier’s Budgeting & Forecasting tool.
Download the checklist to learn how to: