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Ladies and Gentlemen the facts are clear: We as business owners – as well as those in management – have the daunting task of figuring out how to keep our businesses afloat in the middle of this economic perfect storm. The global economy is in the beginning of a recession that has the potential of … Read more
The Hotel Financial Control function generally analyses the Hotel activity through a standard P&L reclassification that identifies four main departments that represent the main business area of the Hotel: Rooms Revenues, Food & Beverages Revenues, Telephone Revenues and Other Income. Rooms and F&B are the main drivers of value, while the other revenues may help … Read more