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Opinion Article

From Chaos to Control: Why P2P Software Is a Must for Efficient Hospitality Contract Management

Maintaining strong, equitable vendor relationships is key to any successful hotel enterprise, especially during periods of economic uncertainty. When done effectively, these partnerships ensure that hotels can navigate supply disruptions, provide consistent, high-quality amenities, develop unique and competitive offerings for guests, and meet industry standards and regulations. For many hotels, cooperation with suppliers was essential for surviving the pandemic and continues to help set them apart from competitors.

Johannes Vocke
By Johannes Vocke, Chief Financial Officer, FutureLog AG
Opinion Article

Measuring Economic Impact Is a Win-Win for Developers and Municipalities

Introduction: At a time when financing for hospitality development projects is challenging for developers, it can often mean that some projects won’t ever come to fruition. At the same time, municipalities would like to increase their hotel or resort offerings to attract travelers to their destinations while remaining fiscally responsible. When developers seek government assistance for development projects, state and local authorities must balance the needs of developers in the community with the financial realities of the project.

David Sangree
By David Sangree, MAI, CPA, ISHC, is President of Hotel & Leisure Advisors, Hotel & Leisure Advisors (H&LA)
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The next-gen metrics that move hotel P&L

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Mews
Opinion Article

How to Recognize When It’s Time to Upgrade Your Generic Accounting Platform to a Hotel-specific Solution

When you think of the most important department in a hotel, accounting may not be the first one that comes to mind for many people. The truth is, however, a hotel or multiproperty hotel organization requires accurate data from its accounting systems to sustain its financial health and run efficiently, and that affects all of the other departments.

Jill Wilder
By Jill Wilder, President, Aptech
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Turn Social Into Commercial Growth

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KORDIE®
Opinion Article

Leveraging Data Insights in Hospitality: The Role of P2P Systems in Improving Decision-Making

Over the last several years, hoteliers have been forced to tackle a variety of emerging challenges head-on, from labour shortages to supply chain disruptions and rapidly evolving guest demands. As travel volumes recover, leading hotels are investing in digital transformation and refreshed amenities for an increasingly experience-driven audience.

Johannes Vocke
By Johannes Vocke, Chief Financial Officer, FutureLog AG
Press Release

The Hotel Financial Coach Unveils Comprehensive Hotel Accounting Policy Manual & Internal Control Review Programs

Hotel Financial Coach, a leading provider of financial management solutions for the hospitality industry, is excited to announce the launch of its groundbreaking Hotel Accounting Policy Manual & Internal Control Review Programs. This innovative suite of services is designed to enhance financial accuracy, operational efficiency, and regulatory compliance for hotels of all sizes.

David Lund