Remove Blog Remove Budgeting Remove Customer Service
article thumbnail

Hotel budget: Steps in the budgeting process for hotels

SiteMinder

What is a hotel budget? A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services.

article thumbnail

Unlocking hotel success: Essential hotel reports you need

Hotelogix

In this blog, we will look at a few important reports that you must always have access to. Additionally, it includes reports on no-shows, occupancy, market analysis, company contributions, business analysis, MIS, and a manager flash report with budget details for comprehensive analysis.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to prepare for careers in the travel industry

Les Roches

They are responsible for booking flights, accommodation and transport, negotiating with vendors and maintaining travel budgets. Responsibilities include budget management, vendor coordination and ensuring everything runs smoothly. Travel photographer Captures global destinations through a lens for magazines, blogs and guides.

article thumbnail

A comprehensive overview of job positions within a hotel

SiteMinder

Regardless of seniority, these are all customer facing positions and require excellent people skills. The purpose of the role is to ensure that all guests receive high quality customer service. Key attributes include strong people skills, attention to detail, good leadership skills and customer service experience.

article thumbnail

How hotels can make the best of 2023 travel trends

Hotel Owner

Yet, they are more budget conscious than before, with 62% of vacationers seeking more bang for their buck. From website blog pages and social media content to inclusion within property pictures on OTA’s and booking sites. Despite the current cost of living crisis, travellers will continue to prioritise travel.

article thumbnail

Benefits and Challenges in Forecasting Hotel Demand

Revenue Hub

This blog post answers many of the commercial team’s challenges when setting up the most productive forecasting process in a hotel group or an independent hotel. This can help improve operational efficiency and reduce labor costs while ensuring that the hotel can provide good customer service to guests.

Pricing 81
article thumbnail

“All in One” Property Management Systems Vs “Best of Breed” Solutions

STAAH

Whilst some are very good and offer varying degrees of sophistication, there are plenty that are very basic, appealing let’s say to the “budget conscious” end of the hospitality industry. Kevin Tatem shares his views on All-in-one Property Management Systems vs Best of Breed solutions.