Top 10 Hotel Budget Review Tips – By David Lund

You see, the game of budgets in most hotel companies where the corporate or regional master needs to approve the plan before it is presented to the owner, is a game of under promise now and hopefully over deliver next year. Some people I know call this the practice of sandbagging. It is not mean or deceitful, rather it is a game. If you are asleep at the switch when you are doing the review, well, that is your problem.

U.S. Hotel Interest Coverage – By Robert Mandelbaum and John B. Corgel, Ph.D.

Another way to assess the bottom-line health of the U.S. lodging industry is to examine the ability of hotel owners to meet their debt obligations. If hotel operations are generating enough funds to pay the interest on the loans taken out by the owners for purchasing, building, furnishing, or operating their properties, then the investment and lending community is at ease.

Hospitality Financial Leadership – Service Takes Many Different Forms in Hospitality – By David Lund

'If Service is Beneath You – Then Leadership is Beyond You.' I cannot find an owner on Google for this statement, so I am going to claim it as mine. If someone already coined this phrase I will let it go, if not it is mine. The reason why is because it is the foundation for the transformation I experienced as a financial leader.