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 Asset Management 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.