HotStats
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Hotels are complex and dynamic businesses with many moving parts, all of which need careful monitoring and control. HotStats responds to the growing need to benchmark hotel performance through the whole of the profit and loss account. Operators want to demonstrate their value and help owners to optimize profit and value. Check out the HotStats blog for articles on the latest hotel industry..
HotStats
1M ago
It is no secret that The Kingdom of Saudi Arabia is changing. Over just the past five years the change has been staggering, both socially, and politically as well as a dramatic shift in its economic vision ..read more
HotStats
1M ago
Do you remember back in school when you learned about homographs? You remember, of course, those are words that have the same spelling as another word but have a different sound and meaning. What does this have to do with operational benchmarking? Is spelling important? Well, yes and no, spelling is always important, but when implementing operational benchmarking as part of the finance culture of the organization, it is important to understand what is significant in terms of your operation ..read more
HotStats
2M ago
Operational benchmarking is a crucial practice in today’s volatile, uncertain, complex, and ambiguous (VUCA) world, especially in industries like hospitality. In the hospitality sector, the Uniform System of Accounts for the Lodging Industry 11th edition (USALI™) serves as a standardized framework, enabling hotels to utilize operational benchmarking effectively to assess and enhance their financial performance. When hotels adapt USALI™ reporting, leveraging its structured approach, they can compare their financial performance against industry standards and competitors ..read more
HotStats
5M ago
HotStats
6M ago
HotStats
6M ago