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 Are your spreadsheet processes cumbersome and out-of-date?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 & hotel property management companies are doing.
Here at LPA, we recognize that hospitality property management has its own set of unique necessities and have developed solutions to address the following:
* Obtaining and organizing data to generate daily forecasts,
* Gaining insight into competitor and market trends integrating sources such as STR data,
* Obtaining real-time rollup and consolidation of actuals and forecasts,
* Using Cognos Workspace Advanced to do ad-hoc reporting,
* Expense allocation at the account detail level for forecasts.
These are just a few examples. 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 a framework that can be implemented quickly to achieve daily forecasts, manage REVPAR, and track other relevant metrics.
Please join us for our freshly updated webinar. Seats are limited, so register today!