Preparing the revenue budget 2023
September is around the corner and the starting point of the budget season. It is time to look ahead into 2023 and figure out which revenue mix will maximize next year's profit. Bring out your spreadsheets and hope they are correct and will produce accurate figures. Beware of all the stories about companies that went under due to mistakes in the formulas in vital spreadsheets. Hopefully, errors in spreadsheets will never happen in the hotel industry.