Hotel Management & Operations Blog

Hotel Management Tips & Ideas by XOTELS

Step into the world of hospitality excellence with the XOTELSHotel Management Blog. Discover valuable insights, strategic tips, and industry updates curated for aspiring and seasoned hotel managers.

Top 5 Essential Hotel Management Tips for The Perfect Guest Experience

By |Hotel Management & Operations Blog, Hotel Management Blog|

Top 5 Essential Hotel Management Tips for The Perfect Guest Experience

It is now more important than ever to make every guest's stay be as fulfilling and enjoyable as possible for your hotel. It is simply too great a risk to lose revenues as a result of bad reviews, having to issue refunds, or through other issues that generate guest complaints.

In this article, we reflect on where such issues may arise, how to measure, and how to take fast, effective action allowing you to manage your hotel in the best way possible.

Why Invest in Hotels or Resorts?

By |Hotel Finance & Accounting Blog, Hotel Management & Operations Blog, Hotel Management Blog|

Why Invest in Hotels or Resorts?

The concept of the hotel has existed for hundreds of years. Since the days of stagecoaches, overland exploration and urban growth, entrepreneurs around the world have dived into hotel ownership. They sensed the potential, economic opportunity, purpose, growing markets and prestige. In the modern hospitality industry, not too much has changed. So what are the reasons for hotel investment?Let´s take a look from our perspective as a hotel management company.

Popular Hotel Valuation Models and Appraisals for Owners

By |Hotel Finance & Accounting Blog, Hotel Management & Operations Blog, Hotel Management Blog|

Top 10 Hotel Investment Tips

Do you like making decisions with sound info? Of course! So do hotel buyers, lenders, owners and sellers. Making informed decisions about potential or operational hotel investments means using accurate hotel valuation methods. Numerous methods exist, each with good and bad points. It’s the classic hotel real estate issue… how do you determine a hotel’s value without selling it? Here’s the guide to hotel valuation methods we put together from our point of view as a hotel management company.

Why Investment in Sustainable Hotels is the Future

By |Hotel Finance & Accounting Blog, Hotel Management & Operations Blog, Hotel Management Blog|

Why Investment in Sustainable Hotels is the Future

Sustainability is the future of the hospitality industry. It has grown to be a topic of massive interest to both hoteliers and investors. Its positive outcome is immeasurable no matter the scale of the hotel or resort. Looking through our perspective as a hotel management company, we have put together a list of reasons why hotel investment in sustainable real estate and eco-friendly hotels is essential. Find out why you should work on reducing your ecological and environmental footprint with your next hotel concept project.

The Brief Guide to Uniform System of Accounts for the Lodging Industry (USALI) in Hotel Accounting

By |Hotel Finance & Accounting Blog, Hotel Management & Operations Blog, Hotel Management Blog|

The sector-wide standard for hotel accounting practises, the Uniform System of Accounts for the Lodging Industry (USALI format) has been in operation in some form or other since 1926. With our experience as a hotel management company, we can say that these best practises are essential for any hotel to create higher uniformity and consistency in the presentation and understanding of a hotel´s performance. The primary functions of this uniform system of accounts for hotels has been to provide hotel managers, owners, and other relevant stakeholders with operating statements, and to be able to run comparative analyses across different business areas. The 11th edition of USALI was released in 2015, requiring hotels to update how they reported accounting and financial data and introducing many new changes. Now knowing the importance of the system, let's take a deeper look at the details and highlight what is most important to understand as a stakeholder for a hotel.

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