You can be 100% certain that a banker or investor will ask you for these numbers when presenting your project, so make sure they’re set out accurately and attractively. It’s important to remember that your hotel's financial forecast will be essential when you’re looking for financing. It also allows you to plan potential investments, such as an expansion further on down the line. Why make a financial forecast for a hotel?Ĭreating a financial forecast is the best way to steer the development of your hotel and ensure that it can be financially viable in the years to come.Ī financial forecast for a hotel makes you look at your business in detail - from income, to operating costs and investments, to evaluate its expected profitability and identify any gaps where you'll need funding. If you feel overwhelmed at the thought of putting together a hotel financial forecast then don’t worry, as, within the guide below, you'll find everything you need to know about creating a financial forecast with ease.įrom the main objectives of a financial forecast and the data that's required to make it work, to the tables that compose it and the tools that will help you create your own, join us as we dissect the financial forecast to drastically increase your hotel's chances of success. Whether you're launching a new hotel venture, taking over a hotel business, or re-vamping your own, developing its financial forecast is a fundamental step.
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