Hotels are complex and dynamic businesses with many moving parts, all of which need careful monitoring and control. HotStats responds to the growing need to benchmark hotel performance through the whole of the profit and loss account. Operators want to demonstrate their value and help owners to optimize profit and value. Analysts and observers need to offer the best advice. To do this needs robust, regular, comparable data. HotStats delivers what no-one else can: monthly, detailed, comparable profit and loss analysis.
Using our tool you can track financial performance on over 500 metrics, allowing you to target areas of underperformance and implement strategies and tactics to close gaps. Because the data is reported in compliance with
No other hotel benchmarking tool delivers what HotStats does
HotStats has enabled us to review, on a monthly basis, each of our hotels’ individual performance to the properties within the HotStats database. This is providing solid third-party benchmarking and tracking capabilities for our operations teams to analyze and then tweak daily routines on property. It is enabling us to pinpoint specific areas within the P&L that we can improve upon as well as magnify where we are excelling."
VP of Acquisitions & Asset Mgmt., McNeill Hotel Company
"As an industry, we’ve historically put a great level of emphasis on benchmarking room revenue on a weekly and monthly basis. Benchmarking for the rest of the P&L, however, is often limited to annually. HotStats now provides hotel managers with the opportunity to benchmark the detailed line items of the P&L on a monthly basis. As operators, this allows us to stay current with the latest trends in the market and to respond immediately by adjusting operations as needed."
VP of Finance & Analytics, Prism Hotels
HotStats data is a valuable component in our decision-making. It stimulates debate amongst our leadership team to make changes and drive commercial improvement; it helps us understand the re-emerging market place, informing our decisions around deploying sales, marketing and revenue strategies; and it forces us to understand our cost base and explore improvements in procurement and cost management to improve flowthrough. Importantly, it helps us take our results to the banks and owners and underpins broader conversations around market recovery and general hotel performance and expectation.
COO, Focus Hotels
As Cycas continues to grow and expand its European portfolio the, data insight that HotStats provide, has been invaluable in supporting us going into new markets and investments, as well as enhancing our performance in our existing hotels and properties. The tool has supported our focus on benchmarking and understanding the cost structure and analysing detailed P&L data. For our traditional hotels, as well as our extended-stay portfolio, this has emphasised where our result-driving strategies need support if not have excelled against the rest of the market.
Chief Commercial Officer, Cycas Hospitality