Hospitality Financial Leadership – Share the Financials in Your Hotel or NOT | By David Lund

Hospitality Financial Leadership – Share the Financials in Your Hotel or NOT | By David Lund


In your hotel, you either share the financials with you leaders, the department managers or you don’t. If you already share the financial statements, you know the power it unleashes with your team and the result it helps to create. If you don’t share you’re wondering what the management team will think about the money and how much goes to you and the owner. You naively think no one needs to know about the finances in your hotel. You think it’s none of their business. You’re also pretty sure the team will judge you and your results. You’re probably thinking the money is top secret and on a need to know basis. Or maybe you just tell yourself that so you have a good excuse not to reveal the results of your efforts. If you already share your numbers you know it’s not such a big deal, and it’s the way to go. In this article, I will explore the relationship we have with the money and how we can get the financials out of the closet and reap the benefits.

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