Tag Archives: tourism

How will the tourism industry come out of lockdown?

furlough scheme, loans, tourism

There’s a lot of uncertainty in the tourism industry about what business will look like when lockdown ends.  Whilst most tourism businesses are keeping their doors shut for now, it currently looks like many tourism businesses will start to get the go ahead from the Government, to open their businesses from 4 July 2020. Some…

The effect of Brexit on recruitment in the UK tourism industry, and how you can prepare

tourism, brexit, UK

The tourism industry is vital to the UK economy. Tourism is a major contributor to employment across the country, working hand in hand with a number of different industries from entertainment to travel to retail. Visit Britain estimates that by 2025, the UK will have a tourism industry worth over £257 billion.  That being said,…

No shortcut in accounting for online bookings!

When I started working with serviced accommodation providers some 20 years ago, guests generally looked at places to stay in the brochure produced by the local tourism body (in our case Cumbria Tourism, Keswick Tourism Association etc).  They selected what suited their needs and budget, picked up the phone and if there was availability, made…

Ten reasons why you need a specialist accountant for your hospitality business

Ten reasons why you need a specialist accountant for your hospitality business

Saint’s Tourism & Leisure (ST&L) have many years experience in advising clients who run hotels, guest houses and holiday parks. Here are ten reasons why you need ST&L as part of your professional team. 1. Time of purchase Whether you’re buying a hotel, guest house, or holiday park, we need to be involved at an…

How to manage your hotel profit centres

Being in control of your finances is one of the key ways to ensure your Hotel actually turns a profit. Hotels have a number of different income streams. It is, therefore, essential to analyse the income from these different income streams and match the associated expenditure with the income e.g. effectively create distinct ‘profit centres’…

How to manage your hotel profit centres

Being in control of your finances is one of the key ways to ensure your Hotel actually turns a profit. Hotels have a number of different income streams. It is, therefore, essential to analyse the income from these different income streams and match the associated expenditure with the income e.g. effectively create distinct ‘profit centres’…

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…