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Budgeting in Hotels: Theory, Practice and Outlook 2025!

Revenue Hub

Budgeting in hotels is one of the core tasks of revenue management and plays a crucial role in managing operational and financial efficiency. The budget serves as the basis for financial planning, control, and decision-making. Theoretical Foundations of Hotel Budgeting A budget primarily serves to plan and control a company’s finances.

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Spring Budget leaves hoteliers ‘out in the cold again’, BHA says

Hotel Owner

The Bristol Hoteliers Association (BHA) has expressed its frustration at the outcome of the Spring Budget, saying that the government has once again left businesses “out in the cold” to face extremely challenging times with little support.

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Spring Budget 2024: How it will affect hospitality businesses

Serviced Apartments

UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. In today’s Spring Budget, Hunt outlined plans to increase the VAT registration threshold from £85,000 to £90,000 for small businesses.

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The Value Shift Across the Globe

Modern Restaurant Management

. "Value is a broader tent than price, but price is an important value platform when consumers are faced with high inflation or a personal economic situation such as a job loss," Tim Fires, president of global foodservice at Circana, told Modern Restaurant Management (MRM) magazine. "We

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Chancellor freezes tax thresholds in Autumn statement

Hotel Owner

The energy profits levy is also set to be raised from 25% to 35% from 1 January to March 2028, with the chancellor adding he had “no objection to windfall taxes if they are genuinely about windfall profits caused by unexpected increases in energy prices”. in 2025 and 2.7% Other measures announced in the budget include: .

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UKH sets out plan for 2024

Hotel Owner

Prime minister Rishi Sunak must call a General Election before 28 January 2025, five years since the current Parliament first sat. The government has also confirmed that chancellor Jeremy Hunt will deliver his Spring budget on 6 March 2024.

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Today’s news in brief – 16/10/23

Hotel Owner

The group adopts a pay-on-performance model, prioritising results-based pricing over fixed costs to ensure measurable ROI. Budget operator EasyHotel reported a significant revenue increase in the first half of the year, with a 45% rise in Revenue Per Available Room (RevPAR) across its properties.