Hospitality

We can supplement front of house systems with cutting edge bookkeeping tools and processes to help you keep precise control over your operations.

We start by helping you to produce a financial plan for a year ahead followed by supervised actual monthly results, adding both financial and non-financial performance indicators. We enhance your measures of occupancy rates and analyse turnover in ways that help decision making. Comparative actual nightly rates from different marketing sources can be compared e.g. FIT’s, Agents and Tour Operators.

One useful tool we use with some Clients is to take theoretical maximum turnover (rack rates at 100% occupancy) and show the financial cost of discounting together with the financial loss of empty rooms netting to the actual turnover. You then have a mathematical guide to maximising income in the short term and strategic planning for the longer term.

Find out when operating efficiencies start to drift by measuring each manager’s performance against budget and where appropriate use this information to reward staff.

By separating variable and fixed costs you will always have an up to date measure of the marginal cost of one extra guest night, allowing bottom line profits to be maximised.

Contact us to find out how to improve your profits and simplify management of your business. This service is unique and cost effective. Don’t miss this opportunity!

 

www.baxterworld.com