image credit: Adobe Stock

2024 Budgeting: How to Improve Hotel Performance in Uncertain Times – By Tanya Venegas

November 8, 2023

In our previous article, we shared insights and advice from global hospitality experts on how to make the 2024 hotel budget process as smooth and painless as possible. Here, we share five ways to improve budget accuracy and performance in uncertain times.

1. Benchmark Against Competitors

In the last article, we discussed the importance of strategic planning, aligning stakeholders, and harnessing relevant data. Another key element of the budgeting process is to benchmark performance against competitors.

Read More on Hotel News Resource