Hospitality Financial Leadership: Top 10 List for Controlling Labor Costs

David Lund | November 22, 2021

By David Lund   Managing labor costs is a never-ending battle in any hotel. No wonder it adds up to on average 50 percent of the total revenue in hotels around the world. To say labor cost is important is an understatement so in this piece, I will highlight the key controls and features to make sure you are on the right track with this all-important aspect of hospitality. Use the list to come up with new action plans to tackle labor costs in your operation and bonne chance!   Number 10 – Updated Daily Occupancy Forecast If the people in the departments inside your hotel do not have an up-to-date and accurate fore...