Hotel Finance

Effective cost management is essential for maintaining profitability in the Food and Beverage (F&B) department. This section outlines the components of Cost of Sales and Other Revenue as defined in …

The Food and Beverage (F&B) department plays a crucial role in the financial performance of lodging properties. The Food and Beverage—Schedule 2 provides a standardized framework for reporting revenue and …

Other Expenses in the Rooms Department include a variety of operational costs essential for maintaining guest accommodations and service quality. These expenses are structured based on the Uniform System of …

Managing expenses effectively is crucial for maintaining the profitability of a lodging property. Rooms department expenses are divided into two major categories: Labor Costs and Related Expenses and Other Expenses. …

In the lodging industry, the primary source of revenue is derived from the rental of rooms and suites to guests. This revenue stream, referred to as Rooms Revenue, encompasses several …

The Summary Operating Statement (SOS) is a central feature of the Uniform System of Accounts for the Lodging Industry (USALI), providing a comprehensive overview of a property’s financial performance. The …

The Uniform System of Accounts for the Lodging Industry (USALI) is a comprehensive set of accounting standards and guidelines specifically designed for the hospitality sector. Since its inception in 1926, …