Blog

What’s new at Fairmas & the hospitality world?

Read through the Fairmas blog to learn more about the global hospitality industry, trends, technology & more. We’re excited to keep you up to date with our carefully curated blogposts on your favorite hospitality topics.

  • All News, Blogs

USALI* 12 – Latest Update 2024 

  • 2 min read
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.
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  • All News, Blogs

Introducing the Fairmas and HotStats 2-Way Interface

  • 2 min read
We are excited to announce the launch of the first phase of the 2-way interface between Fairmas and HotStats, now available to select customers. This beta phase marks a significant milestone in our effort to provide seamless data integration and enhanced performance insights for the hospitality industry.
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  • All News, Blogs

Maximizing Hotel Asset Potential

  • 2 min read
In the fast-paced world of hospitality, efficient data management is crucial for maximizing hotel assets' potential. Fairmas data management software offers ready-to-consume reporting, streamlined data collection, and 24/7 accessibility. This empowers hotel asset managers and owners to enhance financial performance, operational efficiency, and strategic planning, leading to improved profitability and minimized risks. Explore the specific benefits of implementing Fairmas solutions for your hotel assets.
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  • All News, Blogs

How digitalized is your Asset Management Reporting? 

  • 2 min read
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. 
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  • All News, Blogs

How to decide on an FP&A software for your hotel? 

  • 2 min read
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. 
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  • All News, Blogs

Mastering Success: Zero-Based Budgeting for Hotels 

  • 3 min read
One powerful approach that has been gaining momentum is "Zero-Based Budgeting" (ZBB). For years, this method has revolutionized how hotels allocate resources, promoting efficiency, agility, and smart decision-making. In this blog, we'll dive into the concept of Zero-Based Budgeting and how it can reshape the financial landscape of hotels. 
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  • All News, Blogs

Unlocking Hotel Financial Success with Fairmas’ Cutting-Edge Solutions 

  • 2 min read
With Fairmas hotel planning and analysis software, hoteliers gain access to powerful budgeting and forecasting tools tailored specifically for the hospitality industry. Say goodbye to guesswork and welcome data-driven insights that will empower you to make well-informed decisions, optimize your resources, and achieve your financial goals.
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  • Blogs

Enhancing Decision-Making

  • 3 min read
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.
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  • Blogs

Strategic Financial Planning in Uncertain Times

  • 2 min read
In the wake of the global pandemic and its impact on the hospitality industry, financial planning and revenue management have become crucial for the survival of hotels. The uncertainty of when travel restrictions will be lifted and when travelers will return has made it necessary for hotels to plan for multiple scenarios.
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  • Blogs

What is FairPayroll & how can it help you?

  • 3 min read
FairPayroll, a software solution by Fairmas, enables accurate planning of all relevant costs per employee and per department that result in precise analyses for all management levels. This means that you can freely plan relevant costs per employee even if they work in more than one department.
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  • Blogs

The story of someone shaped by the hotel business

  • 5 min read
Niels Schröder, the Managing Director of Fairmas GmbH, started his career in the hospitality industry at a very young age. He worked his way up from hotel operation to regional revenue manager at an international chain. His well-rounded experience and deep understanding of the ground realities of the industry paved his way to a career defined by hospitality.
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Person seating at a table working on computer
  • Blogs

Fairmas’ Top Newly Added Hotel Software Features of 2021

  • 3 min read
As the new year comes around in full swing and everyone makes plans of introspection, change and creating a better, more up-to-date version of themselves, Fairmas has its own set of milestones that were achieved in 2021 and goals to look forward to in 2022.
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  • Blogs

What are the top hospitality trends in 2022?

  • 3 min read
Every year, the hospitality industry learns and adapts to new trends. How customers interact with the hospitality industry creates room for further growth. As globalization increases, and traveling becomes more affordable, the hospitality industry sees a growing influx of customers. In order to succeed, it is important to not only adapt to the new trends, but also be aware of what the future may hold.
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  • Blogs

Efficient multi-year planning of hotel profitability

  • 3 min read
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.
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  • Blogs

Consolidation – Hotel key figures at group level

  • 5 min read
To meet the challenging demands of the controlling and steering function, head offices of large hotel companies must be able to access all revenues, costs, and relevant hotel key figures quickly and easily. The level of detail of the analysis should be flexibly adjustable so in the event of deviations from targets, it is easy to switch from the group, country, or cluster level to the hotel level.
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  • Blogs

Forecasting on sight

  • 3 min read
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.
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  • Blogs

5 Tips to Successfully Introduce Rolling Forecast with FairPlanner

  • 3 min read
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.
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  • Blogs

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

  • 3 min read
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 new normal may be.
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