Front-desk employees have the power to encourage known regular guests to book direct. Here are some tips on how to help train your front-line staff on increasing conversions.

Our practice management system software helps you reach your financial goals without ever having to pay a lump-sum in one check up front.

Most of us realise that Booking.com have automatically opted our hotels into their new ‘Early Payment Scheme’, but what exactly does this mean and how does it doubly affect our hotels?

Hotels have come a long way since they first began. After all, can you imagine peoples' reactions if they were asked to bring a hammock with them to an American hotel? Just 235 years ago, that was the expectation at American seaport inns. Hotel and their amenities have improved dramatically over the years – some, such as the Oriental Hotel in Bangkok and the Chelsea Hotel in New York have even become notorious for their high-class service and the famous people who have stayed there.

Financial model presenting a development scenario for a Hotel. The main purpose of the model is to enable users to get into details of every step of a hotel project from the construction stage, to operating analysis, projection of cash flows and a potential future sale. The model includes assumptions for Hotel Development Costs (Land Acquisition, Construction Budget, Construction Timing), Startup Expenses (OpEx & CapEx), Hotel Operating Assumptions (Low and High Season Months, Occupancy Rates per Month, 6 different room types with Room Rates and Room Costs assumptions, Ancillary Revenue Areas (Restaurants, Bars, Retail Shops, Spa, etc) with an otion to choose whether they are operated by the hotel or outsourced to a 3rd party, Payroll, Operating Expenses, Project Financing (Debt & Equity) and exit assumptions in case of a potential sale of the property. Outputs of the template include Monthly Cash Flow Report per Year, 10-Year Forecast (3 Statement Model), Breakeven Analysis, Performance Dashboardand, Business Valuation and Investors Distribution Waterfall. A variety of KPIs and Financial Ratios (ADR, RevPAR, ROE, ROA etc.) analyzes business performance and the company’s results are presented and summarized on a professional Executive Dashboard. The structure of the template follows Financial Modeling Best Practices principles and is fully customizable. Model Structure Inputs: • General Business Info & Reporting Metrics • Development Budget (Land Purchase & Construction Assumptions) • Hotel Metrics (6 room types, Seasonality assumptions, Occupancy Rates, Room Rates, Ancillary Revenue, Cost of Sales) • Payroll, OPEX & CAPEX Assumptions • Financing & Capital Structure – Uses & Sources of Cash analysis (Financing through Equity & Debt) • Property Sale Assumptions Outputs: • Monthly Cash Flow per Year • 10 Year Forecast (3 Statement Model) • Breakeven Analysis, KPIs and Financial Ratios ((ADR, RevPAR, Revenue & Cost Metrics, ROE, ROA, etc.) • Business Valuation incl. Unlevered & Levered Cash Flows and Return Metrics (IRR, MOIC, NPV, Payback) • Investor Returns (4-tier IRR hurdle waterfall model to distribute proceeds between investors) • Dynamic Professional Executive Summary with an option to choose the Exit Year and Exit Scenario (with or without Property Sale) Detailed instructions on the use of the model are included in the Excel files. Help & Support Committed to high quality and customer satisfaction, all our templates follow best practice financial modeling principles and are thoughtfully and carefully designed, keeping the user’s needs and comfort in mind. No matter if you have no experience or you are well versed in finance, accounting, and the use of Microsoft Excel, our professional financial models are the right tools to boost your business operations! If you however experience any difficulty while using this template and you are not able to find the appropriate guidance in the provided instructions, please feel free to contact us for assistance. If you need a template customized for your business requirements, please e-mail us and provide a brief explanation of your specific needs.

Now customers look towards self-service tools to solve the issues on their own. Check out top 8 customer experience trends of 2016.

Free vacation rental business plan 5 year revenue projection template. Useful for a vacation rental start up. Free Excel download