What Exactly is Hotel Asset Management? Professionals that provide hotel asset management services oversee funds and operations of property on behalf of individual hotels or a portfolio of hotel properties. The ultimate goal of the professional is to increase cash flow and value of the hotel/property. Asset managers achieve this goal by optimizing operational processes, […]
Food and Beverage cost are biggest cost for any restaurant and it affects restaurant’s profitability to a significant level. Usually cost are volatile, hence need to be controlled.
Profts like in any industry is key driver of hospitality Industry as well. However traditional method of calculating profit can be damaging for hotel industry. Have a look at this article why!