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Hospitality Financial Leadership – The Early Arrival Program
With my workshops and speaking, I often do an exercise where I challenge each leader to find a minimum of $250 in next month’s forecast. That can be savings in the form of reduced payroll or expenses....
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Hospitality Financial Leadership – Why You Want to Use a Rolling Forecast
Rolling forecasts are nothing new but I must point out that most hotels don’t use them, and they really should. It’s an incredibly useful tool that is literally worth its weight in gold. That being...
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Hospitality Financial Leadership – Managing F&B Expenses and How to Record...
As I have said in many of my earlier posts, Food and Beverage is special. And I mean that with all sincerity because it’s an integral part of our business especially with a full service offering....
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Hospitality Financial Leadership Podcast – Hotel Accounting Policy Manuals –...
Welcome to the “exciting” world of hotel accounting policy manuals and internal control reviews. Having a set of “rules for the road” is an essential tool that any hotel needs to be successful. Join...
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Selkirk College Adopts David Lund’s “The Prosperous Hotelier” as Course Textbook Nelson, British Columbia – October 14,2024 – Selkirk College is excited to announce that David Lund’s widely acclaimed...
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Hospitality Financial Leadership – What Are CAP Rates and How to Use Them
A capitalization rate, or cap rate, is a measure of the income return on an asset, such as hotel or rental property, relative to its purchase price. It is calculated by dividing the net operating...
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Hospitality Financial Leadership – Your Top 10 List of Excuses
Now I bet you’re wondering, excuses for what? Excuses for not jumping in the deep end with the financials in your hotel career. What’s your imagination telling you that’s wrong in your hotel that...
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Hospitality Financial Leadership – Calculating F&B Labor Productivity
Hospitality Financial Leadership Calculating F&B Labor Productivity Purchase on Amazon in paperback, hardcover or Kindle format PURCHASE HERE Complimentary Discovery Call –...
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Hospitality Financial Leadership – Creating a Hotel Accounting Policy Manual...
Hospitality Financial Leadership Creating a Hotel Accounting Policy Manual and Internal Control Reviews Purchase on Amazon in paperback, hardcover or Kindle format PURCHASE HERE Complimentary...
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Hospitality Financial Leadership – What Does It Mean to Have Your Balance...
I discuss this question with hoteliers way too often. It’s not their fault, but the reality is they don’t understand what this statement means and, in this piece, I’m going to lay it out for you. I...
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