financial statements
Hospitality Financial Leadership – How to Read Hotel Financial Statements and The Link
David Lund | March 12, 2018
By David Lund The first thing you need to know about reading a hotel financial statement is there are basically two different statements you will want to get comfortable with. The two are the income statement—some call it the P&L or profit and loss statement—and the second is the balance sheet. Now I know what you are thinking, balance sheets are for the accounting types and they are complicated. Nothing could be further from the truth and I am going to give you a new understanding and share a secret about the balance sheet and the relationship to the P&L. Let's start with the income statement Something to note here:...
M3 Unleashes New Mobile App to Increase Hoteliers’ Productivity
M3 | October 10, 2017
Budget and revenue data just a swipe away on both iOS and Android devices (GAINESVILLE, GA – 10/12/17) – It's a familiar story for hoteliers; there are simply not enough hours in the day to get all the work that needs to be done completed. To allow busy hotel owners and managers easier access to property financial data, at home and on the road, M3 has recently introduced its mobile app for both iOS and Android devices. The M3 mobile app enables hoteliers to securely access their data like never before, viewing real-time, mission-critical information like: Key Performance Indexes: Occupancy and ADR Rooms Rented Total Room...
Flow Through – Understanding How it Works and How to Include Flow Thru in Your Financial Statements
David Lund | April 25, 2017
By David Lund Flow Thru, this is my abbreviation, is a catch all phrase that measures how much made it through your business comparing one period to another. What made it through, from revenues to profit. Another term to describe this measurement is retention. A good analogy to grasp the concept of flow thru is to compare it to your paycheck. Imaging I give you a $1000 a week raise. The question then is how much will end up on your pay vs. how much got eaten up by higher taxes and other deductions. The same goes for additional revenues in your business. If revenues are $50,000 higher this month than the same month last year, how much of...
