Hospitality
LPA Hospitality Planning & Forecasting Solution
In this challenging economy, hospitality companies need to attract and retain loyal customers, achieve service consistency, and maximize asset utilization. The Hospitality industry has many software solutions for multi-property enterprises to help with managing the property, sales, catering, human capital management, and reservations – from small solutions like Anand Systems to larger ones from Micros and others. What is often missing is ability to analyze the operational details and strategically plan and forecast the business.
LPA has created a solution leveraging IBM’s Cognos platform. Our solution integrates with your hospitality reservation system, financial ledgers, and customer guest scores to provide increased visibility to key metrics that drive your profitability. It provides the ability to do forecasting, planning, and budgeting across all of your properties with input from each property’s general manager; and makes daily detailed operations reporting easy.
If you are a general manager of a property wanting to update daily forecasts, engage in what-if scenario planning, modeling the effect of a new competitor, or just look at your key metrics of REVPAR, occupancy percentages, average daily rate, or cost per occupied room, you can do so with the LPA Hospitality Planning & Forecasting Solution. Our solution also provides year over year comparisons by account by day to show trends of both expenses and revenue.
Whether you are an Area Director or Regional Vice President wanting to see different metrics, such as Top-10 hotels by revenue, and have the ability to drill down into the details by property and type of revenue stream, you can do so instantly!
Or possibly you are an Analyst needing to do ad-hoc analysis of room rates across the organization compared to comparable hotels outside of the organization. With this technology, users also have the ability to do scenario-based forecasting to model the effect of a buyout in the industry or to analyze causals for an enterprise-wide revenue slow down, you can use the LPA Hospitality Planning & Forecasting Solution to do so. Perhaps you need to build a plan but want the input from each property manager with the ability to integrate and override as necessary, it can all be done easily and accurately.
Take the first step today. Contact LPA today for a face to face meeting where we can introduce you to our capabilities and experience in this area and help your organization get the most from your investment.
To view a customer success story about hospitality, click here