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How to Make the 2024 Hotel Budgeting Process As Smooth and Painless As Possible

Article - How to Make the 2024 Hotel Budgeting Process As Smooth and Painless As Possible - By Jeannette King - For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. This year, with persistent inflation, added pressures on cost control, and uncertainty about the economy, the process is as fraught as ever. ....

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How to Make the 2024 Hotel Budgeting Process as Smooth and Painless as Possible

For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. This year, with persistent inflation, added pressures on cost control, and uncertainty about the economy, the process is as fraught as ever. ....

Elena Ladisova , Pete Sams , Amy Stevens , David Hart , Joe Pettigrew , Paul Nisbett , Neetu Mistry , Brookfield Asset Management , Rocco Forte Hotels , Davidson Hospitality Group , Starwood Hotel Asset Management , Brookfield Asset , Valor Hospitality Partners , Michael Grove , Rocco Forte ,

Is the Annual Budget Process Still a Necessary Evil for Hotels?

For hotels, the annual budget process is like a high-stakes poker game in which the owners keep their cards close to their chest and the operators try to guess what cards they’re holding and if they’re bluffing. By the time everyone shows their hands and the year kicks in, the game has often changed significantly, and all bets are off. ....

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