Managing finances in the hospitality industry can be complex, especially in an industry where margins can be slim and success hinges on delivering great experiences to customers.
That’s where our team comes in.
At Anne Napolitano Consulting, we specialize in providing strategic financial management solutions tailored to the needs of the hospitality industry. Our goal is to help you make informed financial decisions that boost your bottom line and improve your business’s overall health.
Here are some of the services we offer that can help you:
We prepare timely and accurate financial statements tracking your revenue and expenses and analyzing your financial performance. We can also provide you with dashboards and other tools that give you a real-time video of your financials so you can make data-driven decisions.
Not sure whether you should raise your prices, look for cheaper inventory, or run a new marketing campaign? We help you model different financial scenarios to test their impact on your business. This includes revenue forecasts, expense projections, pricing strategies, and more.
We help you identify the key performance indicators (KPIs) that are critical to your business and implement systems to track them. Depending on your type of business, this can include metrics like occupancy rates, average daily rate, revenue per available room, food and beverage cost percentages, and labor cost percentages.
Our team works with you to develop a comprehensive budget that aligns with your strategic goals and helps you manage your resources effectively. We can also help you create financial forecasts that allow you to project future revenue and expenses, giving you insights you need to plan for the future.
As with all of our clients, we work with hospitality professionals to develop comprehensive strategic plans that align with the business’s mission, values, and goals. We’ll work together to identify your key priorities, set achievable goals, and develop the action plans and metrics that enable you to track your progress.