MAKING A FRONT OFFICE BUDGET
- The most important long term planning of the Front Office Management team is Budgeting the Front Office Operations.
- Every hotels Annual Operation Budget is a Profit Plan that addresses all Revenue Sources and Expense Items.
- Annual Budgets are divided into Monthly Plans which in turn are divided into Weekly and Daily Plans.
- The Revenue management team and accounting division plays a great role in forecasting the budget for the department.
Note: It is marked that the Room Division Profits are usually higher than any other department; therefore it is very important to make an accurate room Budget as it is equivalent to creating a Budget of the hotel.
also check out- types of budget and budget cycle
