Profit pays the bills

Michael Grove

In the hotel industry, normality has been put on hold, requiring hoteliers and stakeholders to rethink how to move forward.

One example is budgeting season, which is quickly approaching. Zero-based budgeting, a method of budgeting in which all expenses must be justified and approved for each new period, is now fundamental. This involves addressing the variable and fixed cost lines to protect the bottom line.

Another is space optimisation, which is gaining further relevance due to social distan

Nothing like a good cliffhanger… care to see how the story ends?

Subscribe today for unlimited access to Hospitality Insights.