How to do well the financial management of the hotel?

Timely feedback ability. As a kind of value management, financial management has the characteristics of flexibility and comprehensiveness objectively. To serve the construction of hotel's core competitiveness, we must have the ability of quick response and timely feedback, in which we should pay special attention to the analysis and research of financial sensitivity and financial leverage effect of related elements of core competitiveness. Service ability. The ability to serve hotel core technology is an important prerequisite for the development of hotel core competitiveness. Financial management should strengthen budget control, financial support, employee motivation and financial resource planning in the stage of innovation activities, and implement effective financial supervision and risk monitoring. We should fully realize that the key to hotel product innovation lies in creating value. Innovation does not mean that the hotel must be a first-class thing at home and abroad, but it can produce a core competitiveness and make the hotel play an important role in the competition and be in a favorable position.