hotel finances

By someone’s estimate there are roughly one million hotels in the world. I take it that number includes all the different kinds of hotels from small inns and hostels all the way up to your full-service multi-outlet mega hotel operations. For simple math I am going to estimate that half of this number of hotels fall into the small…

In this interview you will learn the following:

• Why we need all leaders to contribute to the financial health of the hotel?
• How we can drive financial performance with leadership?
• What’s the role of the General Manager and Owner with financial leadership?
• How to get your…

Get His Take on How Our Industry Manages and Measures Business

David Lund, the Hotel Financial Hotel Coach, explains his views on why financial management is so important to hotels and venues.

I have learned a few things since starting my own business nearly seven years ago. Here is a short list of accomplishments:

• I have managed to survive as my own systems manager which also means looking after Johanne’s stuff which is no small feat for an older guy like me.
• I…

This pop culture expression was coined by Andy Warhol and a friend Nat Finkelstein in 1968. I’m taking some liberties here but in 1968 it was 15 minutes of fame and in today’s world – who’s got 15 whole minutes anymore – it’s 15 seconds!

This story is about my 15 seconds of so-called fame. Fame to me…

In the hotel business we need to be relevant and on top of the key issues that make our venture successful and ultimately sustainable in the long run. This piece is about how we can differentiate between expenses and investments to make sure we recognize the difference and make the best decisions…