What does a hotel financial director do?

The CFO who provides the data belongs to the accounting type, does not know much about the hotel knowledge or is transferred from other industries, and provides the report data according to the hotel's unique report format or requirements every month, which is biased towards the CFO who has planned financial accounting. Business analysis will only list some data, horizontal and vertical comparison, indicating the difference rate or difference, such as how much room income has increased? Because the rental rate has increased and so on. There is no in-depth analysis of the reasons for the improvement, just figures and figures.

The chief financial officer who analyzes data is more advanced than the first category and belongs to "driving" financial management. At present, such directors are relatively common, have a certain understanding of hotel knowledge or have been in business for many years, or are complacent or biased towards cost control. Provide monthly reports and specified formats. At the business analysis meeting, the reasons for the growth and change will be roughly explained, such as how much the hotel room income has increased? It is because of the increase in the number of rented houses or the adjustment of prices or the promotion policies adopted during this period. These reasons are basically obvious to managers. The analysis of such financial directors is mostly based on the implementation of hotel operation policies, promotion or cost-saving policies. , and the result is the expected result or the analysis of management deficiencies due to the decline of an indicator, which can basically meet the needs.

The chief financial officer of auxiliary operation belongs to "steering" financial management. At present, there are fewer such directors, and they are often criticized because they involve more other departments and are not handled well. Have a deep understanding and mastery of the process procedures and service standards of hotel operation departments. In addition to providing reports in the specified format every month, some auxiliary information data are collected and used. At the business analysis meeting, we will systematically explain the data of hotel business analysis, the reasons for the data change, and what factors affect the change, and further analyze which factors have greater influence, among which the factors are further subdivided, using DuPont analysis method in similar financial analysis, and what other aspects need to be improved. Only the financial director who is familiar with various positions and businesses of the hotel can find all the subdivision factors and meet the requirements of auxiliary management.