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Hotel budget guide for 2022: Everything you need to know | By Josiah Mackenzie and David Lund

To create this, I worked with David Lund, “The Hotel Financial Coach,” who has 30+ years of operational and financial leadership experience, working with companies such as Hilton, Best Western, Fairmont Hotels and Resorts, Coast Hotels, Watermark, Pacific Hospitality Group, Atlific Hotels, and many others. David Santos, Chief Financial Officer at Savoy Hotel & Beach Club, also contributed. ....

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What is the Right Hotel Leadership Structure Post Covid?

We all know the twisted story of Covid and what it has done to the face of a hotel management team. With a possible 2022 return to business as never before the question everyone wants answered is what will the hotel executive and leadership team look like once we come back? Will we go back to pre-pandemic head counts? What s the right sized team for the future? Will we keep the combined property and regional positions? Is this really in our best interest? For our culture and the future, what is the right direction for our industry? Owners, management companies and brands all have a stake in this ongoing debate. Who will win out and what does that mean for the very survival of hotel leadership? ....

Christian Boerger , David Lund , Lakshmi Narasimhan Soundararajan , Founder Of Ignite Insight , Hotel Financial Coach , Ignite Insight , Flexible Budgeting , Revenue Strategy ,

Should GOPPAR be the New REVPAR?

It seems our industry is or at least it was prior to Covid addicted to REVPAR. But we all know that measuring REVPAR is only an indication of room revenue performance and has absolutely nothing to do with profit. With ever increasing reporting tools we now have the ability to measure and even index GOP within a comp set just like REVPAR. The question is, who if anyone in our industry will take this giant step? Who will lead the charge to get comparable profit per available room as a key measurement to accompany REVPAR? With different stakeholders there are varying degrees of what s in our best interest to reveal and compare. Is it time for a new measurement? What are the issues? ....

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David Lund

David Lund
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Hospitality Financial Leadership - The Blog Story

Do You Want to Grow Your Abilities as a Hotel Leader? Having Financial Acumen – AKA – Financial Leadership Skills is the Secret. ....

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