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Hotel budget guide for 2022: Everything you need to know

September 12, 2022

To create this, I worked with David Lund, “The Hotel Financial Coach,” who has 30+ years of operational and financial leadership experience, working with companies such as Hilton, Best Western, Fairmont Hotels and Resorts, Coast Hotels, Watermark, Pacific Hospitality Group, Atlific Hotels, and many others. David Santos, Chief Financial Officer at Savoy Hotel & Beach Club, also contributed.

In this guide, you’ll learn:

  1. What is a hotel budget?
  2. Why do hotels create budgets?
  3. Does every hotel need a budget?
  4. When is hotel budget season?
  5. How do you create a hotel budget?
  6. Who reviews and approves the hotel budget?

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