North East Leisure News

Issue 115

Welcome to the glamorous world of hotel finance—where spreadsheets reign supreme, budgets haunt your dreams, and you can calculate the cost of a broken minibar item faster than you can say “complimentary robe.” To the untrained eye, hotel finance might seem dry-just numbers on a screen, a calculator, and the occasional mysterious coffee stain on a profit-and-loss report. But behind the scenes, it’s a high stake balancing act of revenue, expenses, forecasting, and trying to figure out how someone managed to spend £50 on cashew nuts in one night. The Art of Budgeting: Also known as Creative Fiction Writing Let’s begin with budgeting. Each year, finance teams across the industry sit down to predict the future. It’s less crystal ball, more optimistic fanfiction about how next year’s profits might look-if absolutely everything goes perfectly. We start with last year’s figures, adjust for inflation, toss in a dash of “projected growth,”…