Hotel Market in Germany: Annual Review of 2020

January 22, 2021, In Fairmas Blog

Right after the evaluation of the performance indicators in December 2020, you will find in the Fairmas Hotel Report annual review 2020 for the top destinations Berlin, Hamburg, Dusseldorf, Cologne/Bonn, Frankfurt and Munich.

Interface integration – the essential for better decisions

December 3, 2020, In Fairmas Blog

Make your work life easier with interfaces data integration Summary: Interfaces integration is the process of connecting different interfaces into a single software that functions as one. It has a great importance to prevent barriers of PMS and accounting systems, and to automate data transfer for efficient hotel financial planning….

Fairmas, new technological partner from ITH

November 24, 2020, In Fairmas Blog

Berlin, Valencia 20.11.2020: Fairmas is proud to announce that it is now a technology partner of ITH. By joining ITH, Fairmas is expected to reach many hoteliers in Spain who need support in digitalizing their financial planning, reporting, and monitoring of expenses and revenue management to better cope with the new…

Forecasting on sight

November 23, 2020, In Fairmas Blog

Why planning & analytical forecast processes are so important now. Guest article by Haake Revenue4U on the importance of planning in turbulent times. Autumn is traditionally the time when hotels plan and finalize their budgets for the next year. The hotel business is a cyclical business and strongly dependent on…

Benchmarking for 360° business Management

November 9, 2020, In Fairmas Blog

The relationship with the hotel guest is particularly important for hotel success, but also the market environment and competitors are equally important.

Business Intelligence in the hotel industry – Standardization as a quality feature

October 26, 2020, In Fairmas Blog

Fairmas BI software is based on hotel standards. FairPlanner is a platform for all relevant information, displayed in ready-made analyses and reports. Moreover the FairPlanner , and at the same time provides future planning a plan for for all costs and revenues in advance.

Business Intelligence in the hotel industry

October 15, 2020, In All news, Fairmas Blog

What added value does BI provide in day-to-day hotel operations? Definition and benefits of BI from the perspective of the hotel industry Where does BI come from? – The origin of Business Intelligence  Business Intelligence is not a new invention. The term was first used in 1958 by Hans Peter…

Case studies: Introduction of process-optimized financial planning with FairPlanner

October 15, 2020, In All news, Fairmas Blog

What our clients say When we are planning a large-scale purchase, the first thing we do is to get some information. We all know that and do it regularly in our private lives. We have several different sources of information at our fingertips, both in our private and business lives….

Forecasting as a control tool

June 15, 2020, In All news, Fairmas Blog

Key to greater profitability in turbulent periods Even in uncertain times: Those who (correctly) plans, have success. But what does planning actually mean in the hotel industry? What advantages does forecasting bring? What are the differences between budget and forecast? Or does forecasting in the end only mean additional effort?…

How to jump-start hotel financial planning for post-Corona scenarios?

April 29, 2020, In Fairmas Blog

A three-step guide of Best Practices using FairPlanner Everyone is affected by today’s global pandemic situation, and the hospitality industry is one of the hard-hit industries. However, there is one truth: There will eventually be an end to all of this and businesses will resume its normal operations, whatever that…