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Best Methods for Budgeting and Forecasting in the Hospitality Industry

Jul 02nd 12:00 pm - 1:00 pm

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 Are your spreadsheet processes cumbersome and out-of-date?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.

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Please join us for our freshly updated webinar.  Seats are limited, so register today!

Register here

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