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David Lund is The Hotel Financial Coach, an international hospitality financial leadership expert. He has held positions as a Regional Financial Controller, Corporate Director and Hotel Manager with an international brand for over 30 years.

Author

Hospitality Financial Leadership – The Death of Lord Mountbatten

It wasn't until three or four years later that I learned who was sleeping in my bed at my parents' house that summer. Someone who needed a place to hide. Someone who had a secret to keep. The town of St

Hospitality Financial Leadership - The Consultants

"That's enough detail. I already have a good understanding of the requirements." - Jeff Haden, New York Times. Inside of the hotel company I worked for there has always been a constant movement to increase

Hospitality Financial Leadership - Chapter 7 - Lunch

The chapter below is an excerpt from my new book. It's fiction but some of the characters and story lines are based on people I have worked with and events that have taken place in the hotels I have worked

Hospitality Financial Leadership – What Will the Post Pandemic Hotel World Look Like?

Having been around awhile I have seen the changes that have come as a result of major global events. The starkest example is our pre- and post-911 world. It showed us that the idea of getting on an airplane

Difference Between Expense and Investment - Hospitality Financial Leadership

In the hotel business we need to be relevant and on top of the key issues that make our venture successful and ultimately sustainable in the long run. This piece is about how we can differentiate between

Hospitality Financial Leadership - Should I Develop a Detailed Budget and Monthly Forecast?

The simple and only answer is yes, you should. Without these tools, you are flying in the dark and sooner rather than later you are going to run into a mountain. In my opinion, if you are running your

Hospitality Financial Leadership – Balance Sheet: Financially, Nothing Else Matters

Over the years I have seen a lot of messes in my career. Not only the ones that catch your eye because of the clutter and disorganization you see in the back spaces of your hotel but I'm talking about

Hospitality Financial Leadership - Shift Your Thinking

We all have predisposed ways that we look at our world and the things, people and circumstances inside of it. It's what makes us human and we either have an open mind or one that's closed. Another way

Hospitality Financial Leadership – Food Cost Net Weight

When people hear the term food cost, they generally think of the simple calculation of cost / selling price = food cost %. This calculation does little more than give you a percentage. Understanding and

Hospitality Financial Leadership – Beverage Controls – Top 10

Controlling the beverage cost is a big deal in hotels. People like to drink and that's great for the bar, but you have to remember the people serving your drinks need a tight set of checks and balances