Budgeting Assistance for Leading Global Hotel Operator
Horwath HTL was commissioned by a leading global hotel management company to carry out budget analysis and forecasting for several hotels in its portfolio.
Horwath HTL conducted in depth market analyzes for 19 hotels. The assessment focused on garnering a detailed understanding of factors impacting demand, supply, and the immediate and future impact of evolving market trends. Horwath HTL provided budget recommendations and also provided recommendations for possible operating approach towards optimizing revenue and earnings.
Implementation / Current Status:
Horwath HTL’s recommendations and financial projections served as an independent third party opinion for both the Operator and Owner and helped Operator fine tune its budgets.