Enhancing Decision-Making
As an owner, investor, or asset manager in the hospitality industry, it is of utmost importance to make well-informed decisions based on data. You cannot make decisions based on assumptions or estimates alone. A small error in data can be a make-or-break point for your business.
New Business Development Manager for North America
Eric Healy has been hired as the new Business Development Manager for Fairmas North America. With 18+ years of experience in the hospitality industry, Eric is not only the perfect candidate for the position but will be a key asset to the continued growth of Fairmas across the region. His extensive operational and sales experience in the luxury hotel industry in North America as well as the last few years in the tech sector is a testament to why he is the right fit for the role. The ability to merge these two sectors is core to his role at Fairmas.
Efficient multi-year planning of hotel profitability
The Long-Range Planner integrated in FairPlanner enables easy multi-year planning based on flexibly selectable scenarios such as budget, forecast or what-if. Planning takes place in the hotel’s own profit and loss statement and simplifies the strategic financial and profitability forecast for the next 10 years.
Top 10 features of an effective hotel financial planning and reporting tool
In order to stay in line with the business strategy and achieve targets, any hotel business requires accurate financial planning, revenue monitoring and management reporting to ensure a healthy bottom line.