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Maximise Your Budget: How Hospitality Procurement and P2P Software Drive Financial Efficiency

Hospitality Net

Creating a robust budget is essential for any company’s planning and operations. Often, they exclude procurement, a crucial player in managing expenditures, from the budgeting process. Yet, many hospitality organisations need to leverage all their resources and expertise.

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Methods in the Madness: Insiders share their budgeting approach

HotStats

Budgeting is like training for an Olympic marathon. Money is earmarked for activities that hopefully will generate income or sponsorships to procure better equipment. Days are spent creating a plan to address weaknesses, build on strength and endurance, and hedge against unfortunate events.

Insiders

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Transforming Your 2025 Budget into a Dynamic Forecast

Revenue Hub

As we turn the calendar to 2025, hotel owners and operators are finalizing their annual budgets and ensuring they align with the latest market conditions. If youre still finalizing, keep these tips in mind: Choose the Right Budgeting Methodology: A top-down approach can align corporate goals efficiently but may miss granular needs.

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Corporate Procurement Leaders Cite Challenging Travel Market Dynamics, Growing Need to Leverage All Segments As 2024 Supplier Negotiations Begin

Hospitality Net

With flights to key corporate destinations mostly full and hotel rates stubbornly high, corporate travel and procurement leaders are faced with a uniquely challenging environment as negotiations with suppliers for 2024 business travel volume start this quarter.

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Methods in the Madness: Insiders share their budgeting approach

Hospitality Net

Budgeting is like training for an Olympic marathon. Money is earmarked for activities that hopefully will generate income or sponsorships to procure better equipment. Days are spent creating a plan to address weaknesses, build on strength and endurance, and hedge against unfortunate events.

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Majority of corporates have not set carbon budgets for travel, says BTS study

Serviced Apartments

Worldwide: Business Travel Show Europe data has shown that 93 per cent of corporates have sustainable travel programmes but 77 per cent have not set carbon budgets, with half blaming inadequate online booking tool functionality. 5 26 per cent 21 per cent We rely on our TMC for that. 9 19 per cent n.a.

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Restaurant Tech Tips for QSRs

Modern Restaurant Management

Optimizing IT Budget Spend While Adding New Tech. While investing in these technologies has been key to survival for many restaurants in the COVID-19 era, it has made a significant dent in their budgets.

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