Tectono Business Review: GUIDE: HOW TO PLAN YOUR HOTEL BUDGET AMIDST UNCERTAINTY

Friday 15 October 2021

GUIDE: HOW TO PLAN YOUR HOTEL BUDGET AMIDST UNCERTAINTY

Put structure around planning for an uncertain world

How to budget plan amidst uncertainty

Budget planning is often a daunting task that requires a mix of instinct, historical data and an eye towards the future. It’s an imperfect science that becomes even more challenging when one of those three ingredients is missing.

With the pandemic upending travel patterns, hotels and resorts can’t look at historical data to inform next year’s budget. From shifting occupancy rates to shorter booking windows and changing travel restrictions, there’s no accurate year-over-year comparison, nor are there any reliable longer-term patterns hotels can use as the foundation of their budgeting plan.

Luckily, Cendyn’s experts are ready to help. Our new guide is packed with tips, insights, and strategies to help you get through another budgeting season amidst ongoing uncertainty in the hospitality industry.

INTERNATIONAL LUXURY HOTEL ASSOCIATION

8845 North Military Trail Suite 200, 33410, Palm Beach Gardens

news@mail.inspirehotelconference.com

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Friday 15 October 2021

GUIDE: HOW TO PLAN YOUR HOTEL BUDGET AMIDST UNCERTAINTY

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