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You cannot offer a great guest experience without understanding the key performance indicators (KPIs) that define your property’s financial viability. Tracking these KPIs empowers you to optimize operations, refine strategy, and protect long-term profitability that ensures you can keep serving guests for years to come. Here are the most important accounting metrics to have in your back pocket. Total Revenue Total revenue is calculated by adding income from all revenue streams together. It encompasses rooms, food and beverage, spa, parking, etc. and measures overall business health, accounting for every dollar spent across your property. Occupancy Rate Occupancy rate is the…
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Picture Credit: Netflix Grab your tissues and get ready to say goodbye. Netflix has officially announced that the highly anticipated finale…
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In 2019, a 36-year-old Rep. Dan Crenshaw (R-TX), newly elected to Congress, was photographed for the inaugural Time 100 Next List,…
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Welcome back to the Vancouver Group Chat, your go-to for all the city’s hottest (and occasionally niche) updates. Last week, we got a…
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