hotel-specific accounting
How to Recognize When It’s Time to Upgrade Your Generic Accounting Platform to a Hotel-Specific Solution
Jill Wilder, President of Aptech Computer Systems, Inc. | June 24, 2024
By Jill Wilder, President of Aptech Computer Systems, Inc. When you think of the most important department in a hotel, accounting may not be the first one that comes to mind for many people. The truth is, however, a hotel or multiproperty hotel organization requires accurate data from its accounting systems to sustain its financial health and run efficiently, and that affects all of the other departments. In 2024, global hotel market revenue is predicted to reach $446.40 billion (USD). That is a lot of revenue. For small properties or hotel companies with no more than three to four properties, their finance departments might be able to op...