Announcing - Hospitality MD Interviews - The Hotel Financial Coach - David Lund
Announcing - Hospitality MD Interviews - The Hotel Financial Coach - David Lund

David Lund · 16 Sep

Be sure to check out the latest HospitalityMD interview with David Lund, the Hotel Financial Coach. Having a grasp on the financials for your hotel i

Announcing - David Lund - The Hotel Financial Coach Will Be Speaking at Hospitality Saskatchewan's - Gather Again 2021 Conference
Announcing - David Lund - The Hotel Financial Coach Will Be Speaking at Hospitality Saskatchewan's - Gather Again 2021 Conference

David Lund · 10 Sep

Create hotel teams who know how to Increase profit. David Lund is The Hotel Financial Coach, a hospitality financial leadership pioneer. He has held

Announcing - Hospitality Financial Leadership - Creating Your Own Hotel Accounting Policy Manual & Internal Control Review Program Today
Announcing - Hospitality Financial Leadership - Creating Your Own Hotel Accounting Policy Manual & Internal Control Review Program Today

David Lund · 2 Sep

Here are three ways I can help you create a policy manual with an internal control review process.

Hospitality Financial Leadership – Critical Importance of Accruals and Deferrals
Hospitality Financial Leadership – Critical Importance of Accruals and Deferrals — By David Lund

David Lund · 30 Aug

A lot gets written about certain things in the hotel industry and others not so much as a mention. I am not saying it is simply a matter of blatant favoritism or anything like that but it is not lost on me that certain items get the limelight. In this piece, I am going to shine a light on two of the hotel team’s third-line mainstays. This pair keeps us on track month after month and they need a little more respect.

Announcing - Hospitality Mavericks Podcast - Featuring The Hotel Financial Coach
Announcing - Hospitality Mavericks Podcast - Featuring The Hotel Financial Coach

David Lund · 26 Aug

The Hospitality Mavericks Episode 119 – Featuring - David Lund, Founder of The Hotel Financial Coach, on Financial Leadership with Michael Tingsager

Announcing - Free Guidebook - Hospitality Financial Leadership
Announcing - Free Guidebook - Hospitality Financial Leadership

David Lund · 12 Aug

It's business thinking that you want your operational managers to possess, not accouting. Learning how to manage their payroll and expenses is the ke

Complimentary Hospitality Financial Leadership Online Workshop - An Introduction to Hospitality Financial Leadership
Complimentary Hospitality Financial Leadership Online Workshop - An Introduction to Hospitality Financial Leadership

David Lund · 29 Jul

Compliments of Hospitality Net I am offering the first FIVE responders via email @ david@hotelfinancialcoach.com a complimentary 40-minute online wor

Hospitality Financial Leadership – GOPPAR Characteristics
Hospitality Financial Leadership – GOPPAR Characteristics — By David Lund

David Lund · 26 Jul

From time immemorial, revenue per available room, or RevPAR, has been the go-to key performance indicator in the hotel industry. A simple calculation of average daily rate and occupancy rate, it is often thought of as the barometer of health for a hotel by those who work in the industry and those who make a living analyzing it.

Announcing - Hospitality Financial Leadership - Workshop Series for Financial Managers
Announcing - Hospitality Financial Leadership - Workshop Series for Financial Managers

David Lund · 16 Jul

Individuals will complete training in all essential facets of hospitality financial leadership for the financial leader.

Hospitality Financial Leadership – How To Prepare The Annual Budget In 1 Hour
Hospitality Financial Leadership – How To Prepare The Annual Budget In 1 Hour — By David Lund

David Lund · 12 Jul

Over the many years I have worked in hotels, I have had the pleasure of working with some exceptionally fine and talented individuals. This story is about one GM and his penchant for simplicity.

Announcing - Hospitality Financial Leadership for Non-Financial Managers - Online Video Course
Announcing - Hospitality Financial Leadership for Non-Financial Managers - Online Video Course

David Lund · 8 Jul

Hospitality Financial Leadership Training - For Non-Financial People.

Announcing - Hospitality Financial Leadership - The 7 Secrets to Create a Financially Engaged Leadership Team in Your Hotel – Signature Keynote or Breakout Session
Announcing - Hospitality Financial Leadership - The 7 Secrets to Create a Financially Engaged Leadership Team in Your Hotel – Signature Keynote or Breakout Session

David Lund · 1 Jul

My presentation is designed to educate the audience. Having a financially engaged leadership team eliminates surprises and produces an excellent ROI.

Announcing - Hospitality Financial Leadership Workshops for Non-Financial Managers & Leaders
Announcing - Hospitality Financial Leadership Workshops for Non-Financial Managers & Leaders

David Lund · 24 Jun

Would you like to have an operations leadership team in your hotel who has their financial muscles in shape? If the answer is yes then my workshop se

Announcing - Asset Management Services for Independent Hotels
Announcing - Asset Management Services for Independent Hotels

David Lund · 17 Jun

Now Independent Hotels and Their Owners Have Access to Premier Asset Management Services.

Hospitality Financial Leadership - 1 To 1 Mentorship Program Menu
Hospitality Financial Leadership - 1 To 1 Mentorship Program Menu

David Lund · 11 Jun

Hospitality Financial Leadership Mentoring & Coaching Program

Hospitality Financial Leadership – Moving (Part 3)
Hospitality Financial Leadership – Moving (Part 3) — By David Lund

David Lund · 11 Jun

In the hotel business if you want to get ahead you better be ready to move. It’s the way in which you can multiply your opportunities and increase your chance for greater personal prosperity. That’s the way it was explained to me many years ago and it has certainly been my experience. On the flip side, moving is not easy and it can take its toll on you and the people in your relationships.

Hospitality Financial Leadership – Moving (Part 2)
Hospitality Financial Leadership – Moving (Part 2) — By David Lund

The Hotel Financial Coach · 7 Jun

In the hotel business if you want to get ahead you better be ready to move. It’s the way in which you can multiply your opportunities and increase your chance for greater personal prosperity. That’s the way it was explained to me many years ago and it has certainly been my experience. On the flip side, moving is not easy and it can take its toll on you and the people in your relationships.

Hospitality Financial Leadership – How To Create An Accounting Policy Manual
Hospitality Financial Leadership – How To Create An Accounting Policy Manual — By David Lund

The Hotel Financial Coach · 26 May

After recently completing a policy manual for a client, I want to share what worked for this hotel company and what could work for you. I also want to clear the air on policy vs. procedure.

Hospitality Financial Leadership – The System To Follow To Create Financial Leadership In Your Hotel
Hospitality Financial Leadership – The System To Follow To Create Financial Leadership In Your Hotel — By David Lund

The Hotel Financial Coach · 3 May

Practice is what we are missing. Practice with the financial piece is somehow a foreign concept. But in the hotel world practice is everywhere, right?

Hospitality Financial Leadership The Daily Revenue Audit – The Must Do’s
Hospitality Financial Leadership The Daily Revenue Audit – The Must Do’s — By David Lund

The Hotel Financial Coach · 19 Apr

The hotel business is a retail business and in order to stay on top of your business, you must fully and completely balance your daily revenues and settlements. This means dotting the eyes and crossing the Ts, examine them. Every day we begin anew and every day is a story unto itself when it comes to the revenues and settlements. I may sound like I'm repeating "revenues and settlements," but it cannot be emphasized enough.

Hospitality Financial Leadership – Disco Dick Hatfield
Hospitality Financial Leadership – Disco Dick Hatfield — By David Lund

The Hotel Financial Coach · 8 Mar

My hometown is St Andrews, New Brunswick in eastern Canada. The town overlooks Passamaquoddy Bay and to the south we are flanked by the great state of Maine. Every year in this part of the world the US governors and the Canadian provincial premiers get together for bilateral talks, some good food, and fun. This story is about one of those meetings, The Algonquin Hotel, and how I met our then Premier, Richard Hatfield who is partially responsible for my hotel career.

Financial Leadership in the Hospitality Industry – By Guest Author – Amber Habing
Financial Leadership in the Hospitality Industry – By Guest Author – Amber Habing — By David Lund

The Hotel Financial Coach · 1 Mar

This post will tell you about financial leadership in the hospitality industry. It is a summation of information from her research thesis at the Hotel Management School of Maastricht in The Netherlands. The aim of this research is to provide hoteliers with tools to improve their hotel's financial performance with effective financial leadership.

Hospitality Financial Leadership Podcast: Why Every Hotel Leader Needs to be a Financial Leader
Hospitality Financial Leadership Podcast: Why Every Hotel Leader Needs to be a Financial Leader

The Hotel Financial Coach · 15 Feb

Listen to the podcast with Sarah Dandashy (Ask a Concierge). The financial side of hospitality isn't as sexy (to some) as other parts, but it is, of

Hospitality Financial Leadership – What’s Possible in the Future with Hotel Financial Statements
Hospitality Financial Leadership – What’s Possible in the Future with Hotel Financial Statements — By David Lund

The Hotel Financial Coach · 18 Jan

I am a big fan of the Uniformed System of Accounts for the Lodging Industry (USALI), or as she is affectionately called "You Sally." It has been the guide that our industry uses to properly present financial information for a long…long time, in fact almost 100 years. It lays out the format for our financial statement presentation and essentially acts as a referee if you like, to tell us what goes where. What revenues, costs of goods, expenses, and payroll belong to which department.

Hospitality Financial Leadership – The Top 7 Front Office Controls
Hospitality Financial Leadership – The Top 7 Front Office Controls — By David Lund

The Hotel Financial Coach · 28 Dec

As you know the front office is the command post for your operation, and it's also the point where all the receipts come through. Making sure you have solid internal controls at the desk is not only good business, it's mission-critical. Without these safeguards you are wide open and as someone once said, good internal controls help keep honest people honest. Now don't get me wrong. I believe we need to trust the people we have on our teams, and I also have seen what can happen when there is an opportunity. So, this piece is about eliminating most of those weaknesses at the front desk.

What Exactly Are Owners Looking For From Their GM’s When It Comes To The Operational Finances?
What Exactly Are Owners Looking For From Their GM’s When It Comes To The Operational Finances? — By David Lund

The Hotel Financial Coach · 14 Dec

In this hard-hitting interview, you will learn what to tell your owner about how you're going to successfully manage their asset. What are the leadership strategies you will use to generate a superior return on their investment? How will you show up as the number one and instill confidence and lead your team around the money piece? If you're looking for the silver lining in all that is COVID in the hotel industry right now and getting your aspiring career back on track, then you are not going to want to miss this one.