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Hospitality Financial Leadership - Controlling Food Cost – Top 10 List
By David Lund - The Hotel Financial Coach

Food cost is a never-ending battle in a war that does not end. You can never take your foot off the gas, if you do you will slow down. When you slow down in the food cost world it is costly. Back in the

Hospitality Financial Leadership – A Good Hotel Friend and the Canadian GP
By David Lund - The Hotel Financial Coach

The hotel business is often a grind. I mean it is tough slugging it out each day. The guests never go away or when they do, they are replaced by others. Colleagues need your constant attention or lord

Hospitality Financial Leadership - The Ultimate Hotel P&L
By David Lund - The Hotel Financial Coach

I know a lot of people have some confusion and a slight frustration when it comes to the financial information that's available in a hotel and the way it's presented. The 11th edition of the Uniform System

Hospitality Financial Leadership – A Client Story: Anastasia
By David Lund - The Hotel Financial Coach

This is a story about a recent client who hired me to coach her. She was the director of rooms in a large hotel in Illinois and was told that it was possible for her to be promoted to a general manager

Hospitality Financial Leadership - Chapter One: Envy
By David Lund - The Hotel Financial Coach

The Stow has always been a great hotel. Sitting high on the hill overlooking the river its bones and lines are completely classic. The 505 rooms all have a view of something great. For decades, the hotel

Hospitality Financial Leadership - How to Use 21-point Flow Thru Inspection
By David Lund - The Hotel Financial Coach

Just like your auto mechanic checks your car's health you can completely review your hotel's financial performance and get a clear reading on as many as 21 different flow thru performance points. Further

Hospitality Financial Leadership - Global Food Cost vs Tracking Individual Outlet – Pros and Cons
By David Lund - The Hotel Financial Coach

What is really important to realize is the food cost calculation in your hotel will always come back to the cost of goods formula. Any attempt to track and individualize the outlet food cost that I have

Hospitality Financial Leadership - Singing the National Anthem with Paul Newman
By David Lund - The Hotel Financial Coach

Going to a professional automobile race is always an opportunity to meet famous people. What you need to do is be able to identify these people because they are right under your nose. In this piece I am

Hospitality Financial Leadership - Creating and Using Staffing Guides
By David Lund - The Hotel Financial Coach

In our business, it is no secret that labor is our single biggest expense. Last year the average hotel in North America, according to data collected from thousands of medium- and full-service hotels by

Hospitality Financial Leadership – Creating Agreements vs. Having Expectations
By David Lund - The Hotel Financial Coach

There is a popular saying in American spurned on by the slogan for a doughnut and coffee chain, "America Runs on Dunkin'." In this piece I am going to write about another thing that our western culture