revenue management

Hospitality Financial Leadership – Why You Need an Internal Control Review Program in Your Hotel – ICR

Here’s the scenario. You have finally got a full-blown accounting policy manual in place. It has taken several months and a lot of work, but it’s done. Something to be proud of indeed! But wait a minute, it seems like no one knows about these policies and whenever you speak about such and such internal control not being followed,…

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Hospitality Financial Leadership – Why Your Hotel Needs a Daily “Pick-up” Report

You might be reading this and saying to yourself, “Well, for sure every hotel needs a daily pick-up report.” But I bet you would be surprised how many hotels do not use their pick-up report and or they do not use it properly. They are missing the financial opportunity that a good…

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Hospitality Financial Leadership – Revenue Management for Recovery

This Week’s Article by Guest Author Amin Himani, Senior Manager, Revenue Strategy at Coast Hotels Corporate Office in Vancouver, BC

This is a great article on revenue management and it’s also very timely.

I had the pleasure of having Amin as a student recently in my Hospitality Financial Leadership course at Royal Roads University.

Enjoy the read.

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Hospitality Financial Leadership – 7 Daily Revenue Audit Must Dos

The hotel business is a retail business and in order to stay on top of your business you must fully and completely balance your daily revenues and settlements. Every day we begin anew and every day is a story unto itself when it comes to the revenues and settlements. I may sound…

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