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Where Your Hotel’s Finance Team Should Be at This Point in Budget Season
Jill Wilder | September 17, 2024
By Jill Wilder, President of Aptech It’s that time of year – budget season. "Budget" – even the word sounds daunting to most people. The good news is the budgeting process for your hotel doesn't have to be overly difficult. The key assets when building a budget for your hotel company are: ✓ Organization ✓ Teamwork – with all departments supplying their input and information without delay. ✓ Hotel-specific software – to help your finance team gather accurate data across your portfolio and easily provide their recommended budget on time. Let's Start with the Basics A hotel budget is essentially a financial plan and strat...
Luxury San Francisco Hotel Simplifies Budgeting With Updated Accounting and Forecasting Solutions
Aptech Computer Systems Inc. | May 16, 2023
After switching its legacy accounting and budgeting software to PVNG and Targetvue by Aptech, the Hotel Nikko San Francisco is prioritizing operations above all else PITTSBURGH, May 16, 2023 — Business at the Hotel Nikko San Francisco is booming, especially since the property secured a spot on Forbes’ 2022 list of the 13 best hotels in San Francisco. With travelers’ eyes fixed on the luxury boutique hotel in Union Square, the hotel’s management team began looking for new financial management tools capable of delivering macro and micro analysis of numerous data sets and assisting with planning for future investments into the propert...
Carlton City Hotel Singapore Selects Cendyn’s Industry-Leading Platform to Power Their CRM
Cendyn | May 3, 2023
he Singapore-based hotel has chosen eInsight™ CRM to consolidate and enrich their guest data, including enhanced segmentation and reporting capabilities. May 3rd, 2023 – Singapore – Cendyn, a catalyst for digital transformation in the hospitality industry, is excited to announce that Carlton City Hotel Singapore has selected Cendyn’s eInsight CRM to help them consolidate their data, streamline their guest communication efforts and provide them with a true 360-degree view of each guest. Cendyn’s eInsight CRM will put Carlton City Hotel Singapore in control of their data and provide them with the ability to personalize the experienc...
Cendyn Adds New CRM Analytics Reporting Feature to Award-Winning eInsight™ CRM
Cendyn | March 21, 2023
The new game-changing visual reporting for eInsight CRM is powered by Microsoft Power BI March 21st, 2023 – Boca Raton, FL – Cendyn, a catalyst for digital transformation in the hospitality industry, is thrilled to announce the launch of CRM Analytics, a new reporting feature for Cendyn’s eInsight CRM. This innovative enhancement is designed to drive effective and impactful decision making for hoteliers at scale. With the addition of CRM Analytics, eInsight CRM has simplified the process of transforming hotel organizations’ marketing data into actionable insights to help drive revenue, engagement, and direc...
Here Are the 5 Big Things That Keep Hotel Sales Managers Up at Night
Daniel Melnyk | March 15, 2023
By Daniel Melnyk Being part of a hotel sales team is a challenging job. Quite frankly, being a hospitality professional – regardless of your scope – is no easy job. The hospitality industry is an ever-shifting, ever-demanding industry that twists and bends according to the whim of travelers, which, as you might have guessed, can be hard to satisfy. But as challenging as it may be, the hospitality landscape offers countless opportunities for personal and professional reward; there is something to be said about working within a landscape so firmly rooted in great service, tradition, and human connection and exploration. I have spent m...
Agilysys Fiscal 2023 Third Quarter Revenue Rises 26.5% to Record $49.9M
Agilysys | January 25, 2023
Includes Recurring Revenue of $30.2M and Subscription Revenue Growth of 28.8% Quarter Positive Adjusted EBITDA of $8.1M and GAAP EPS of $0.13 Per Share Raises Fiscal 2023 Annual Revenue Guidance to $195M to $198M; Reiterates Greater Than 15% Adjusted EBITDA ALPHARETTA, GA – January 25, 2023 - Agilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today reported operating results for its fiscal 2023 third quarter and period ended December 31, 2022. Summary of Fiscal 2023 Third Quarter Financial Results • Total net revenue increased 26.5% to a record $49.9 m...
Cloudbeds Wins Six 2023 HotelTechAwards, Solidifying Position as an Industry Leader
Cloudbeds | January 11, 2023
(SAN DIEGO) January 11, 2023 — Cloudbeds has been recognized for the fifth consecutive year as one of the industry’s top technology providers by Hotel Tech Report, solidifying its position as a leading hospitality platform powering more reservations and happier guests for lodging businesses worldwide. The 2023 HotelTechAwards honors Cloudbeds with six total awards: Best Property Management System, Best Hotel Management Software, Best Guest Messaging Software, Channel Manager Finalist, Top 10 People’s Choice, and Overall 10 Best Places to Work. “We’re excited to be named a product leader again by Hotel Tech Report for the fift...
Recipes: 4 Reasons Why Your Operation Needs Them
David Lund | November 14, 2022
Introducing: Patrick CORE McClary If Your Challenge Is Food & Beverage Then – Meet Your Maker Everywhere You Look it’s Bleeding 🩸. The Patient is So Messed Up it’s Not Even Funny. It Will Never Fix Itself. You Need CORE On Your Side. Cost Operations Revenue Execute Patrick is a self-made star of the food and beverage trade. He knows and has seen it all. No problem or challenge is too big or too small. He can help you turn the page and make day-old bread sing again. Have a read and do yourself a favor. Reach out and talk to Patrick about how he can help you today. Recipes: 4 Reasons Why Your Operation Need...
