Best Methods for Budgeting and Forecasting in the Hospitality Industry
Do you need daily numbers for each property to improve tracking and planning? Are your spreadsheet processes cumbersome and out-of-date? See what the best-of-breed hospitality companies are doing.
Here at LPA, we recognize that hospitality property management has its own set of unique necessities:
* Obtaining and organizing data to generate daily forecasts,
* Gaining insight into competitor and market trends,
* Obtaining real-time rollup and consolidation of actuals and forecasts,
just to name a few. With these challenges in mind, we've designed a solution that integrates with your existing systems and extracts data to provide visibility to key metrics and with just a click or two. We can now offer hospitality companies an out-of-the box solution that can be implemented quickly to achieve daily forecasts, manage REVPAR, and track other relevant metrics.