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.
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