The single biggest impact AI will have in hospitality is…
In this Hotel Yearbook interview, discover how AI is set to revolutionize financial planning and analysis in hospitality. Learn how AI ensures 100% data accuracy and automates budgeting and forecasting to enable smarter, real-time decision-making.
Top 10 Strategies for Mastering Financial Automation in Hospitality by 2025
A recent Hotel Yearbook article explores 10 key strategies shaping financial automation in 2025, including AI-powered forecasting, automated error reduction, and real-time data integration.
Fairmas & Tidan Success Story
In this article, Christine Larocque, Director of Accounting for Tidan’s Hospitality Division, shares insights on how Tidan transformed their financial operations with FairPlanner by Fairmas, a financial planning and analysis (FP&A) software tailored for the hospitality industry.
USALI* 12 – Latest Update 2024
Explore the key changes in the 12th Edition of USALI* by HFTP with Fairmas. Stay ahead with our latest blog post detailing significant updates and how they impact your financial planning and analysis in 2024. Download our summary document for an in-depth look at these changes.
How digitalized is your Hotel Asset Reporting?
As hotels strive to streamline their financial processes and make informed decisions, the selection of the right FP&A software becomes a critical aspect of their strategy. In this blog, we’ll explore the key considerations and steps to help hoteliers decide on a new FP&A software that aligns with their specific needs and goals.
How to decide on an FP&A software for your hotel?
As hotels strive to streamline their financial processes and make informed decisions, the selection of the right FP&A software becomes a critical aspect of their strategy. In this blog, we’ll explore the key considerations and steps to help hoteliers decide on a new FP&A software that aligns with their specific needs and goals.
Fairmas and HotStats Budget Guide
Navigating the intricacies of a budget process can often feel like embarking on a complex journey. From financial planning and resource allocation to decision-making and prioritisation, understanding how budgets are formulated and executed is crucial for individuals and organisations alike.
Strategic Forecasting and Budgeting: Empowering Hospitality Financial Professionals
This article will delve into the importance of forecasting and budgeting, explore best practices for their implementation, and highlight how they empower financial professionals in making informed decisions to drive profitability and sustainable growth.
Forecasting on sight
A forecast is a prognosis of future developments. When it comes to predicting hotel demand, we can never really say that we know exactly what will happen, but rather what is highly likely to happen. The forecast quantifies the uncertainty of the future.
5 Tips to Successfully Introduce Rolling Forecast with FairPlanner
The crisis has shown that in turbulent times and in a highly dynamic market, close monitoring of hotel performance by doing a rolling forecast is crucial. The introduction of FairPlanner as a financial planning tool simplifies the entire forecasting and budgeting process. The rolling forecast feature enables regular performance analysis of the entire hotel business with a focus on profit.