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Specific issues for the CFO in the hospitality industry

Lior Dor's Profile

Hi everyone, I intend to have a job interview (Director of Finance) in a Hotel that is part of a global chain of resorts and hotels. I have no professional finance background in this industry and I wonder if I can have some hints about the daily issues as well as the strategic aspects. thanks.

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

With extremely limited experience: it is all about occupancy rates, room rates and upsells. That in turn reflects itself in the variable staffing, food ordering, etc. A/R is minimal unless you have large corporate plans since we all pay by credit card or cash.

Otherwise all the standard issues pertain.

I'm sure others can add.

Lior Dor
Title: VP finance
Company: Synerion Systems
(VP finance, Synerion Systems) |

Thanks.
At the meantime, I also found that the most important KPI is RevPAR, that measures the revenue per available room. This KPI is measured on a daily basis and if a negative variance measured, the operation must align the costs immediately in order to meet the budget.

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