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Finding the Balance Between Driving Revenue & Managing Costs

File(s)
Finding the Balance Between Driving Revenue and Managing Costs.pdf (615.5 KB)
Permanent Link(s)
https://hdl.handle.net/1813/109958
Collections
Center for Hospitality Research Publications
Center for Hospitality Research Roundtable Highlights
Author
Vouk, Ira
Abstract

In July, the School of Hotel Administration’s Center for Hospitality Research (CHR) hosted a virtual roundtable called Finding the Balance Between Driving Revenue & Managing Costs. A group of twenty-three academics and experts from various sectors of the hospitality industry attended the two-hour event. Through moderated discussion, they challenged the industry’s long standing practice of managing top line room revenues, proposed a shift to managing cash flow, and aimed to uncover opportunities for turning talk into action, with their ultimate goal being industry wide implementation of profit management and profit benchmarking.

Date Issued
2021-09-14
Keywords
revenue
•
costs
•
profits
Rights
Attribution 4.0 International
Rights URI
http://creativecommons.org/licenses/by/4.0/
Type
article

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