Tag Archives: hotels

Countering the challenges of managing a transient workforce for hotels

Even if you haven’t heard the term ‘transient workforce’, chances are you’ve seen it in action. A transient worker – sometimes described as a contingent worker – is typically defined as an individual who works away from a traditional work base, such as a freelancer or contractor. However, in the context of the hotel and…

Unravelling VAT for hospitality

Most hotel and guest house proprietors will be aware that the majority of supplies in the holiday industry are subject to VAT at the standard rate. There are, however, important exceptions. DEPOSITS A deposit taken at the time of a booking is treated as advance payment for the supply, and VAT is therefore due at…

Addressing hotel occupancy figures for increased profitability

If you are running a hotel or guest house, no matter how small, then you need to know how your occupancy figures affect your bottom line. At any given time of the year, your aim as a hotel manager will be to fill as many of the available rooms in the hotel as possible –…

Addressing hotel occupancy figures for increased profitability

If you are running a hotel or guest house, no matter how small, then you need to know how your occupancy figures affect your bottom line. At any given time of the year, your aim as a hotel manager will be to fill as many of the available rooms in the hotel as possible –…

Are monthly figures enough for your hotel business?

Luca Pacioli, the Franciscan friar and mathematician who created double-entry bookkeeping, said, “Frequent accounting makes for long friendships”. And this saying is equally as important in the 21st century as it was back in 1493. If you’re looking to run a successful hotel or guesthouse, it is vital that your finances are properly monitored and…

Are monthly figures enough for your hotel business?

Luca Pacioli, the Franciscan friar and mathematician who created double-entry bookkeeping, said, “Frequent accounting makes for long friendships”. And this saying is equally as important in the 21st century as it was back in 1493. If you’re looking to run a successful hotel or guesthouse, it is vital that your finances are properly monitored and…

Riding the seasonality rollercoaster

Seasonality is a fact of life for most hotels and guesthouses, with the possible exception of London tourist destinations and perennial favourites such as Gretna Green that enjoy year-round visitors, often regardless of the weather. These seasonal peaks and troughs in sales throughout the year are an inevitable challenge for your hotel to overcome. But…

Riding the seasonality rollercoaster

Seasonality is a fact of life for most hotels and guesthouses, with the possible exception of London tourist destinations and perennial favourites such as Gretna Green that enjoy year-round visitors, often regardless of the weather. These seasonal peaks and troughs in sales throughout the year are an inevitable challenge for your hotel to overcome. But…

Linking your hotel booking system to your profits

The hotel and leisure industry is a sector that’s more susceptible than most to the peaks and troughs of seasonality. Whether you’re running a guest house or a large-scale hotel, your challenge is always to make the maximum profit from the rooms you have available – and to work with the seasonal changes in room…

Linking your hotel booking system to your profits

The hotel and leisure industry is a sector that’s more susceptible than most to the peaks and troughs of seasonality. Whether you’re running a guest house or a large-scale hotel, your challenge is always to make the maximum profit from the rooms you have available – and to work with the seasonal changes in room…