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Lior Dor's headshot
Lior Dor VP finance

Specific issues for the CFO in the hospitality industry

Asked on Feb. 2, 2016

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

Wayne Spivak's headshot
Wayne Spivak President & CFO • February 2, 2016

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's headshot
Lior Dor VP finance • February 2, 2016

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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Filed Under: Human Capital
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