The Practical Guide to Understanding and Raising Hotel Profitability (The Practical Guide to Events and Hotel Management Series) - Hardcover

Martin, Adrian

Hardcover

ISBN 10: 0367218275 ISBN 13: 9780367218270

Publisher: Routledge, 2019

Synopsis

The Practical Guide to Understanding and Raising Hotel Profitability offers a comprehensive, easy-to-follow breakdown of how to understand profit and loss accounts for hotels. It offers practical advice on how to maximise the profits of this customer-facing business and improve performance results.

Chapters cover every aspect of the profit and loss account including marketing, accommodation, food and beverage sales, quality, budgeting, event sales, and all the corresponding costs involved. It explains all the relevant KPIs and industry quirks within the profit and loss document as well as industry benchmarks to equip the reader with the skills to attend high level meetings, complete finance-based assignments and ultimately run their own business. Valuable tips from leading professionals within the industry are included throughout, giving advice on how to improve hotels’ financial results and positively influence net profit through everyday actions.

Packed full of practical case studies and written in an easy-to-read-style, this book is essential reading for hospitality students and current hospitality and hotel managers.

About this title

About the Author

Adrian Martin is Vice Principal of the Edge Hotel School, University of Essex – the UK’s only Hotel School.

Edition details

• Publisher: Routledge
• Publication date: 2019
• Language: English
• ISBN 10: 0367218275
• ISBN 13: 9780367218270
• Binding: Hardcover
• Edition number: 1
• Number of pages: 190