A Property's Money

Who this book is for

Chủ và quản lý cơ sở lưu trú, homestay, khách sạn nhỏ, resort, cùng người làm lữ hành và kinh doanh trải nghiệm ở Việt Nam; quy mô từ bốn phòng tới hai cơ sở, hoặc một công ty tour vài người. Người đọc là NGƯỜI KINH DOANH, không phải khách du lịch.

Sound familiar?

• Peak season earns well and the money is gone before the low season arrives.
• Doesn't know what a night leaves after commission, cleaning and utilities.
• Fixed costs run all year while revenue arrives in four months.
• Property money and household money share an account.

Each chapter answers one question

1. Chapter 1: Does a higher room rate mean more profit?

   After everything is deducted, how much does one room night leave me?

   The room rate minus the costs people tend to forget is the real number.

2. Chapter 2: Without an accountant, do I need numbers at all?

   Which four numbers must I know by the fifth of every month?

   You do not need a full report; you need four correct numbers, read regularly.

3. Chapter 3: Did peak season earn enough, or just feel like it?

   How much money do I need to get through low season?

   Peak-season money must feed the months when nobody comes, and that is a decision, not luck.

4. Chapter 4: Can I separate my business money from household money?

   How much am I paying myself, and on which line does it sit?

   Many guesthouses are the owner's own home, and that is where the two cash flows mix.

5. Chapter 5: Renovate more, or keep cash: which is riskier?

   Where should the next hundred million go?

   Renovating rooms and expanding are multi-year decisions, while cash flow moves by season.