Hotel Performance Reporting & Appraisal

PREM Group have devised a suite of hotel accounting and performance reporting tools that can enable your finance department to support you, the hotel owner or hotel manager, as you deal with the dynamic trading environment you are faced with on a daily basis.

Once implemented properly these tools and techniques will provide you with a range of reliable performance reports including:

• Monthly and annual management accounts incorporating all industry standard KPIs on a departmental basis.
• Monthly and annual forecasts of your hotel's revenues, costs and profitability.
• Comparisons of actual performance against budgeted and actual prior year performance on a monthly and annual basis.
• Comparisons of forecasted performance against budgeted and prior year performance on monthly and annual basis.

These services will provide you with an enhanced understanding and control of your business, allowing you to identify and rectify areas of under performance quickly and capitalise on emerging opportunities earlier. The output from these tools will also assist you in communicating the performance of your business, both internally and externally.

Implementation does not require a large investment in software. This reporting solution is scalable from a limited service guest house to a large multi-outlet resort property and will produce information to the highest industry standards. For more information please contact us.