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Three Ways to Overcome Hotel Accounting Challenges

Three Ways to Overcome Hotel Accounting Challenges

Deloitte’s 2018 Travel and Hospitality Industry Outlook reports that the global travel industry is one of the fastest growing sectors in the world. While increased corporate travel demand and a healthy economy paint a rosy picture for the hotel industry, the report ...

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Tips to Achieve Total Revenue Management

Tips to Achieve Total Revenue Management

It’s an exciting time to be in the hospitality industry. The stock market is offering better returns to investors, metrics are hitting all-time highs in occupancy, and developers are considering and building hospitality-related investments again. In positive growth periods like ...

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Overhauling Other Operated Departments in a Hotel

Overhauling Other Operated Departments in a Hotel

In lodging industry parlance, other operated departments are frequently referred to as minor operated departments. Based on recent trends in other operated department revenues and profits, these sources of income have become less consequential to both the top and bottom ...

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