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News
Vision Hospitality Asset Management sponsors the RCI Christel House Open International Charity Golf Tournament
Vision is proud to announce that it will be sponsoring the RCI Christel House Charity Golf Open on 7th June 2010, to raise money for Christel House, a registered charity for impoverished, orphaned and abandoned children. read more…
Vision Hospitality Asset Management will be sponsoring the IHIF in 2011
Vision is delighted to announce that it will be sponsoring the annual International Hotel Investment Forum in 2011.
The conference will run from 7th - 9th March in Berlin.
For more details please go to: http://www.berlinconference.com/ read more…
New Additions
Vision Hospitality Asset Management, Europe’s leading hospitality asset managers, is pleased to announce the acquisition of a further 18 hotels to its extensive hospitality portfolio, within the first quarter of 2010. read more…
Budget 2010 - The need for effective Cost Benchmarking
As 2009 moves into its last quarter, and thoughts turn towards 2010 trading, you may well be asking yourself "Where are we going to pitch next year's budgeted revenues, and more importantly the profits?" read more…
Vision CEO, Clive Hillier Contributes to Property Week Article
Hotels need rigorous asset management to offset falling revenues
Sir Rocco Forte must have breathed a sigh of relief this week after he managed to persuade his lender, HBOS, part of Lloyds Banking Group, to extend his £300m loan facility.
Hotels have been badly affected by the recession (see table) and Forte’s Rocco Forte Collection portfolio of 13 luxury hotels has not been immune. read more…
Where the industry stands
At the current time it is interesting to measure the mood of the industry and in particular that of investors and lenders. read more…
2010 Budgets
As we move into the fourth quarter of the year we are all relieved to see that the hotel market is stabilising. Indeed as we now start to compare with the disastrous fourth quarter of 2008, the year on year performance numbers will begin to look slightly healthier than they were for the first three quarters of 2009. read more…
Budget 2010 - The need for effective Cost Benchmarking
As 2009 moves into its last quarter, and thoughts turn towards 2010 trading, you may well be asking yourself "Where are we going to pitch next year's budgeted revenues, and more importantly the profits?"
Forecasting revenues alone, with so many external influences, is going to be very challenging for 2010.
We can, however bring a quantifiable approach to profit forecasting through an understanding that profit is, of course a factor of sales, but also that each hotel will have an optimum profit conversion point - a "sweet spot" if you like.
But how does one find this "sweet spot", as it is individual not only to each hotel, but each department within each hotel? At Vision we believe that effective benchmarking can define this spot, and have developed a specific tool Vision Internal Benchmarking Engine or "VIBE" to help hotel managers shift their operations towards their "sweet spot".
It is a dynamic system, benchmarking all lines of the hotel's P&L against an appropriate internal competitor set that can deliver powerful results, this means that the general managers do not base their budgeted conversion on historical performance, but target those areas with a shift towards the optimum profit point. Critically, VIBE is flexible and fluid enough to be able to flex with varying revenues.
So don't just accept a budget based upon historical performance.
Let VIBE show you how you can demand more from your hotel by scientifically analysing the hotel's benchmark profit performance.
Click here for more information about VIBE.
Case Studies
Driving Cash Flow
Through its state of the art best practice model Vision is helping a renowned owner/operator to drive a more than £6m per annum increase in EBITDA. read more…
Strategic Advice
When financial difficulties hit tenant operators our clients can turn to us to advise them on the difficult choices ahead read more…
Determining and Ensuring Forecast Accuracy
Through the management of many hospitality assets Vision has a unique overview of the sector which allowed us to identify that the level of forecasting accuracy was particularly poor in one of our managed portfolios. read more…
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