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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. The budget also accounts for all types of expenses, including operational costs, capital expenditures, and marketing budgets. Here are the steps involved: 1.

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Hotel automation: Implementation guide for the future

SiteMinder

Staff: From an operational standpoint, hotel automation helps reduce costs by minimising manual tasks, eliminating errors, and optimising resource allocation. For example, automating room availability updates, housekeeping schedules, and maintenance requests ensures efficiency, leading to better staff management and faster service.

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10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

By reducing costs, hotels can offer better rates to guests, enabling them to better position themselves to budget-conscious travellers. Sustainability: When mitigating waste and conserving resources, hotels can reduce their environmental impact and operate in a more sustainable manner.

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Aiming for the top: Hotel manager salary and benefits

Les Roches

Hotel managers must ensure staff are properly trained, motivated and equipped to deliver excellent service Financial management: hotel managers are responsible for overseeing the hotel’s budget, forecasting revenue and maximizing profitability.

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Insights into hotel management salary and requirements

Les Roches

Front office manager As the face of guest services, this professional plays a pivotal role in ensuring a seamless customer experience from check-in to departure. Front office managers look after the front desk operations, including reservations, guest inquiries and room assignments.

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Lesser-known roles: how to become a hotel inspector

Les Roches

Conducting thorough inspections Hotel inspectors perform detailed examinations of hotel areas, including guest rooms, common areas, kitchens, dining facilities, recreational areas and back-of-house operations. They look for cleanliness, safety and maintenance issues, ensuring all aspects of the hotel meet established standards.

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Diverse careers in hospitality and tourism: match your talents

Les Roches

Some of the common back-of-house positions you may find include: Food and beverage manager Chef Sous chef Line cook Pastry chef Purchasing manager Housekeeping staff Facilities manager Maintenance technician Sales and marketing Finance and revenue management What skills are required for back-of-house roles? Salary range: $66,000 to $93,000.