Reporting
We have implemented a software solution that enables us to extract information from our accounting system quickly and in a way that can be easily formatted. We deliver high-quality reports, in terms of content, format and timeliness.
The level of information provided to a hotel owner is subject to agreement at the outset of the management contract. Listed below are the core reports we typically produce.
- Monthly P&L report
This report summarises the month gone by and the cumulative year-to-date position. It is a mix of financial data and key performance statistics. We achieve a five-day close in line with industry best practise and this report is available on the sixth working day after period end.
- Rolling forecast
At the beginning of each month, a three-month rolling forecast is prepared showing expected performance versus budget and prior year.
- Cash flow
In the week following month-end, a cash flow report is prepared detailing the actual cash flows of each hotel group, together with the forecast cash flows for the next three months.
- Weekly revenue reports
This report shows revenue performance for the week just gone by, the cumulative month-to-date position and the revised expectation for the month as a whole.
- Benchmark reports
Unavailable to hotel owners for confidentiality reasons but essential in the successful operation of a group of hotels, we benchmark the performance of all the hotels we manage.
For each performance driver, whether it is food margin, average spend on dinner or old debt, we strive to understand the variances from hotel to hotel. We maximise performance by pushing ourselves and our hotels to deliver at the level of their highest performing peers.
Ad hoc reporting
Our reporting software enables us to extract data quickly from our accounting system to create ad hoc reports. This is particularly important when analysing trends.
Want to know the average spend at lunch on a Sunday? We can tell you. Want to know how often a particular hotel achieves maximum occupancy on a Saturday night? We can tell you.
Analysing data such as this is essential in maximising the value from opportunities and reacting to threats.
