Knowledge category · 15 articles
Finance & Accounting
Hotel financial statements, liquidity, operating performance, accounting processes, debt coverage, and management reporting.
What Is a Hotel Balance Sheet?
A hotel balance sheet is a financial statement showing the assets, liabilities, and equity of the reporting entity at a specific date.
Read the article →Connected financial controls
Utilities, purchasing, and sustainability context
What Is Hotel Energy Efficiency?
Hotel energy efficiency means delivering required guest comfort, safety, cleanliness, food service, hot water, and building performance while reducing unnecessary energy input through better equipment, controls, maintenance, design, and operating practices.
Sustainability · Water ConservationWhat Is Hotel Water Conservation?
Hotel water conservation is the measured reduction of unnecessary water use while maintaining guest comfort, hygiene, sanitation, food service, landscaping, equipment performance, and safety.
Sustainability · Sustainable PurchasingWhat Is Sustainable Hotel Purchasing?
Sustainable hotel purchasing evaluates environmental, social, quality, performance, durability, packaging, supplier, transport, cost, and lifecycle factors alongside the hotel’s operational requirements.
Food & Beverage · Food and Beverage Cost ControlWhat Is Food Cost?
Food cost is the cost of food used or sold during a period. Hotels commonly calculate food used from opening inventory plus purchases, adjusted for transfers and other approved items, minus closing inventory, then compare that cost with food revenue.
Food & Beverage · Forecasting and PlanningWhat Is a Food and Beverage Forecast?
A food and beverage forecast is a current estimate of expected outlet and event demand, such as covers, guest counts, revenue, menu mix, production, purchasing, staffing, and cost, for a defined future period.
Food & Beverage · Event Guarantees and ChargesWhat Is a Hotel Service Charge?
A hotel service charge is a required charge that a hotel may add to certain food, beverage, banquet, room-service, or other transactions under disclosed terms. It is not automatically the same as a voluntary gratuity or tip.
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Accounts Payable
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Accounts Receivable
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Balance Sheet
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Budgeting and Forecasting
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Capital Planning
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Cash Flow
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Debt and Coverage Ratios
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Departmental Profitability
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Financial Statements
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Operating Metrics
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Payroll Operations
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Profit Conversion
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Profitability Metrics
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Reserves and Replacement
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