What are the characteristics of hotel financial management?

Hotel financial management has the following characteristics:

1, timeliness of product sales. Due to the non-storability of hotel products, the value of products has a strong timeliness, that is, if the room of that day is not sold, the value of that day will be lost forever; Hotels must establish a perfect sales system to promote product sales. As the financial department, it should give support to improve the room occupancy rate and increase the hotel income.

2. Instantaneity of room settlement. For the convenience of guests, hotels generally provide one-time checkout for guests when they leave the hotel. Because the departure time of guests is different, the cashier in the hotel finance department must provide 24-hour service. When guests check in, the financial department should collect the deposit in time; When guests leave the store at any time, they should go through the checkout formalities immediately to prevent wrong accounts, missing accounts and running accounts.

3. Investment return risk, because the initial construction cost of the hotel is very high, accounting for a high proportion of fixed assets investment. Hotel construction investment often takes a long time to recover. If the hotel's operating efficiency is not good, it may cause the cost to be difficult to recover. This requires hotels to pay attention to investment decisions. Before construction, they should do a good job in market research, understand customer needs, carefully choose the investment scale and target market of the construction site, increase the income and reduce the risk as much as possible.