What Is Corporate Performance Management in Hospitality?

Vic Chynoweth | August 27, 2024

With the right methodologies and metrics, hospitality companies can implement Corporate Performance Management strategies to drive operational efficiency, enhanced guest experiences, and financial success.  By Vic Chynoweth Corporate Performance Management (CPM) refers to the processes and systems used by organizations to monitor, manage, and improve their business performance. CPM encompasses a wide range of activities, including planning, budgeting, forecasting, financial reporting, and analysis. It helps organizations align their resources and strategies with their goals, measure progress, and adjust tactics to optimize outcomes. Speci...