September 2021

A hotel’s group business segment can have a significant impact on its annual budget. Keeping track of competitors’ performance can also be valuable when generating hotel forecasts. This level of detail can provide more income statement precise insights than looking at overall performance metrics alone. Determines optimal price points designed to balance demand elasticity, perceived […]

It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents. In the case of a regular vendor, the Vendor account will be debited instead of purchase. Furthermore, this department handles payments for annual maintenance contracts (AMCs) and other operational expenses necessary for the seamless functioning of the business. In