Tag: budgeting
LODGING On Demand — Episode 30: Budgeting Trends and Best Practices
In this episode, LODGING editor George Seli speaks with Charlestown Hotels Chief Revenue Officer Johnathan Capps on trends and best practices in post-pandemic budgeting....
Budget Distributions: Investing in Teams and Technology
As the world enters 2022, many hotel ownership groups are directing marketing budgets to remain flat compared to 2021. With most media costs higher,...
‘Throw Out the Old School’: Rethinking Labor Management at CYBER HITEC
“Labor is an investment and not an expense.” That was among the key themes of a virtual session led by Del Ross, chief revenue...
Budget Season Is Here and the Gloves Are Off
For hotels, budget season is the main event of the year—a time when owners and operators battle it out in the ring over next...
Budgeting Accuracy: Why U.S. Lodging Performance Fell Short of 2017 Expectations
In 2017, the actual achieved levels of
occupancy, average daily rate (ADR), total revenue, and profits for U.S. hotels were less than their respective...