[PDF] The Practical Guide To Understanding And Raising Hotel Profitability eBook

Author : Adrian Martin
Publisher : Routledge
Page : 194 pages
File Size : 14,76 MB
Release : 2019-09-05
Category : Business & Economics
ISBN : 1000690563

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The Practical Guide to Understanding and Raising Hotel Profitability offers a comprehensive, easy-to-follow breakdown of how to understand profit and loss accounts for hotels. It offers practical advice on how to maximise the profits of this customer-facing business and improve performance results. Chapters cover every aspect of the profit and loss account including marketing, accommodation, food and beverage sales, quality, budgeting, event sales, and all the corresponding costs involved. It explains all the relevant KPIs and industry quirks within the profit and loss document as well as industry benchmarks to equip the reader with the skills to attend high level meetings, complete finance-based assignments and ultimately run their own business. Valuable tips from leading professionals within the industry are included throughout, giving advice on how to improve hotels’ financial results and positively influence net profit through everyday actions. Packed full of practical case studies and written in an easy-to-read-style, this book is essential reading for hospitality students and current hospitality and hotel managers.

Author : Philip Berners
Publisher : Taylor & Francis
Page : 195 pages
File Size : 18,55 MB
Release : 2022-07-18
Category : Business & Economics
ISBN : 1000617734

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The Practical Guide to Achieving Customer Satisfaction in Events and Hotels is the fourth title in the Routledge Series The Practical Guide to Events and Hotel Management and presents expert-led insight of customer service best practice within events and hotels. Typical to the other titles in the series, this latest book is written in a logical format and contains practical tips drawn from real-life industry examples, case studies, industry leaders, and the authors’ extensive backgrounds working in events and hotel management. Topics include definitions of customer service, an answer to that question ‘Is the customer always right?’, how to deal with complaints, how to empower staff to recover customer service, and how to turn new customers into loyal customers. This book is ideal for students of the management of events, hotels, hospitality, or tourism, to be used as a practical resource alongside existing theoretical textbooks. It is also an essential tool for anybody working in the customer-facing industries.

Author : David Foskett
Publisher : Hodder Education
Page : 1058 pages
File Size : 20,81 MB
Release : 2021-08-06
Category : Education
ISBN : 1398332224

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Prepare students for assessment and further professional development with a wealth of contemporary case studies from around the world, referencing key trends. · Discover how to integrate sustainability and environmental improvements into kitchens and eating spaces, helping to increase energy conservation and boost your green credentials. · Harness the power social media and e-marketing to proactively grow your business, online visibility and engagement. · Ensure best practice is followed where food allergies and intolerances are concerned, so you can be confident you are providing a safe experience for all customers. · Develop your understanding of nutrition and culinary medicine with a unique contribution from Elaine Macaninch, a director of Culinary Medicine UK and the co-founder of the Education and Research in Medical Nutrition Network (ERimNN) · Plan for commercial success with clear coverage of financial aspects of food and beverage management, personal development and people management skills.

Author : Gemma Teele
Publisher : Independently Published
Page : 40 pages
File Size : 46,34 MB
Release : 2021-11-29
Category :
ISBN :

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Creating memorable experiences is essential to operate a thriving hotel. But increased competition has made revenue growth and profitability equally important. That's why we've created this guide-it's filled with tips on building a revenue strategy that's right for your business, freeing you to spend more worry-free time with guests. The landscape for small and medium-sized hotels is changing constantly. As an owner or manager, you need to keep up with these changes. This book is a practical, plain-English guide to increasing your hotel revenue. It draws from cutting-edge research and the latest best practices, giving simple, workable suggestions. The book covers the fields of room pricing, your website, how to best use online travel agents, improving your reviews, offering more value, increasing the sales channels, and many more. It provides a multi-faceted approach to both getting more bookings and being able to charge more for those bookings.

Author : Michael M. Coltman
Publisher : Wiley
Page : 0 pages
File Size : 17,76 MB
Release : 1991-09-15
Category : Business & Economics
ISBN : 9780471290360

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Financial Control for Your Hotel gives hotel general managers and finance executives a clear understanding of the techniques of cost control essential to the success of a motel or small hotel. This easy-to-use guide expands readers' understanding of everything from the basics of hotel finance to improving the bottom line. Industry expert Michael M. Coltman provides clear explanations for organizing the balance sheet and the income statement, as well as for handling purchasing and hiring--areas critical to profitability. Financial Control for Your Hotel also offers valuable guidelines on all areas of finance related to hotel operations, including pricing, income statement analysis, and budgeting. Special coverage of investments helps managers plan for long-term financial growth.

Author : Cristin Baek
Publisher : Independently Published
Page : 40 pages
File Size : 47,61 MB
Release : 2021-11-29
Category :
ISBN :

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Creating memorable experiences is essential to operate a thriving hotel. But increased competition has made revenue growth and profitability equally important. That's why we've created this guide-it's filled with tips on building a revenue strategy that's right for your business, freeing you to spend more worry-free time with guests. The landscape for small and medium-sized hotels is changing constantly. As an owner or manager, you need to keep up with these changes. This book is a practical, plain-English guide to increasing your hotel revenue. It draws from cutting-edge research and the latest best practices, giving simple, workable suggestions. The book covers the fields of room pricing, your website, how to best use online travel agents, improving your reviews, offering more value, increasing the sales channels, and many more. It provides a multi-faceted approach to both getting more bookings and being able to charge more for those bookings.

Author : Gabriela Domicelj
Publisher : Robinson
Page : 142 pages
File Size : 13,56 MB
Release : 2018-05-18
Category : Business & Economics
ISBN : 1472141547

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'THESE SUPERHOSTS UNDERSTAND HOMESHARING BETTER THAN ANYONE ELSE. I STRONGLY RECOMMEND THIS BOOK FOR HOMESHARE HOSTS' Chip Conley, Strategic Adviser for Hospitality and Leadership, Airbnb Learn how to build a profitable, professional and sustainable homeshare business. Home Stay, also known as Homeshare, is a global phenomenon whereby ordinary people share their homes with strangers. On Airbnb alone there are now three million hosts around the world, one million more than a year ago. This book offers frank, practical and hands-on advice for those who are considering or already offering their home, or investment property, as short-term accommodation. Written by self-taught hosts who are dedicated to providing the best possible guest experience, this book provides real-life insights into the day-today experience of running a homeshare, and the lessons the authors have learned along the way. You'll find easy-to-follow instructions and advice on: - Getting started - how to market your property by defining its unique characteristics, choosing the most -appropriate online sales platform, setting rates, how to manage sales and presenting your property to attract guests - Managing the guest experience - how to ensure your guests have a wonderful experience from the moment of arrival to departure, managing transitions between guests effectively and consistently, and how to manage guest reviews - The business of homeshare - financial management, reporting and how to drive your business further.