Hotel Financial Reporting in Practice

Part II introductionThe Map Before the Journey: Statement, Schedules, and KPI Discipline

Do not explain or act on a hotel result until the statement level is named, the supporting schedule has been opened, and the KPI base has been tested.

Reading sequence

Chapters in this Part

04The Operating Statement LadderFinance has closed March at Hotel Blue Moon. Total Operating Revenue is \$100,000 ahead of budget, yet Net Income is \$35,000 behind. Anika has an owner call in forty minutes and asks…05Open the Schedule FirstIt is 8:20 a.m. at Hotel Blue Moon. The owner call starts at nine. Rooms Revenue is ahead of budget, but Rooms Departmental Profit margin is 2.6 percentage points behind and GOP…06Trust the KPI Only After You Test ItHow numerator, denominator, basis continuity, and comparison set determine whether a metric is safe to use