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Topic - HTrends

Hospitality Financial Leadership
Tequila and Oranges - Unsplash

Hospitality Financial Leadership - Material and Immaterial Expenses - By David Lund

There is a critical understanding that all hospitality financial leaders need to clearly understand and communicate when it comes to expenses. It is a simple distinction that is many times missed or not clearly understood. That is what this piece is all about: Clearing up the mystery and setting the expense record straight. Here's the scoop!

Hospitality Financial Leadership
A Couple Eating on the Swimming Pool with Floating Wooden Tray - Pexels

Hospitality Financial Leadership - How to Properly Record Packages in Your Hotel - By David Lund

Packages are, on the one hand, straightforward. They are a well-established offering in most hotels, customers love them, and they are not going away. On the other hand, most hoteliers are at a loss to properly set up and manage the transactions so that they do not end up with a mess in their books and systems. That is what this piece is about: How to properly administer these seemingly complicated and unruly devices.

Hospitality Financial Leadership
A garbage can

Hospitality Financial Leadership - Explaining Accounting - By David Lund

No one can explain accounting. I have some pretty crazy situations presented to me by potential clients. I say crazy and I what that means is that it is almost unbelievable that anyone would find themselves in such a mess with their business and their books.

Incentive Travel
View of swimming pool in an unnamed hotel in Ibiza - Photo by Mindaugas Petrutis on Unsplash

Incentive Travel Will Be Strong in 2024 with Some Caveats to Consider

After a Few Years of Catch-up, the Incentive Travel Industry is More Than Ready to Fly into 2024 with Less Turbulence. The Incentive Travel Professionals at Motivation Excellence Predict There Will Be a Few Key Areas to Keep an Eye On, and Most Apply to Individual Travelers As Well.

2024 Travel Trends
Report cover - Travel Trends 2024: Still Planning for Robust Demand

Latest Survey Data from ISeatz Indicates a Sustained Demand for Travel Next Year

A key insight from the ISeatz report reveals that most consumers plan to maintain or increase their travel frequency in 2024 compared to 2023, primarily for leisure purposes. This trend is driven in large part by younger consumers, especially Millennials and Gen Z, who not only traveled more in 2023 but also plan to amplify their travel activities in the coming year.

Hospitality Financial Leadership

Hospitality Financial Leadership - Closing Costs - By David Lund

In my life, there are few if any financial moments that have created a lasting positive memory. At least that is how it has been for me. Not too many earth-shattering activities, but one on the money side stands out. So that is what this one is about, one of those moments where a financial miracle happens, and it is at the hand of one of my heroes.