Sincerely, BLLA
Are You Reviewing Financial KPIs For Your Hotel Regularly?
by Casey Dill, Chief Financial Officer of Staypineapple Hotels Do you know if your hotel is performing at the highest level? Are you missing out on...
Sincerely, BLLA
by Casey Dill, Chief Financial Officer of Staypineapple Hotels Do you know if your hotel is performing at the highest level? Are you missing out on...
by Casey Dill, Chief Financial Officer of Staypineapple Hotels
Do you know if your hotel is performing at the highest level? Are you missing out on opportunities? Are there changes that can be made that will quickly improve the bottom line?
During uncertain economic environments such as inflation, rising interest rates and global unrest, it’s imperative that you are reviewing the right Key Performance Indicators or KPIs. This will help ensure you’re positioned for sustained growth and the highest level of performance.
Identifying the right KPIs for your business is key. There are KPIs that can be applied to all business and industry sectors, as well as KPIs specific to the hotel industry. Each KPI should give you valuable insight and useful data that you can use to analyze performance, track progress and make changes if needed.
KPIs to consider:
Evaluating and tracking these key KPI metrics doesn’t just help the accounting and finance departments, each one inevitably will trickle down to all other departments to ensure appropriate YOY goals are made, budgets are aligned and expenditures are strategically assigned.
Staypineapple is a hotel corporate premier-plus member of BLLA – view their listing here!
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