The latest updates from the finance4hospitality team
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Time to start planning for your 2026 Hotel Budget
As the hospitality industry continues to navigate the current economic pressures, inflated operational costs, and evolving guest expectations, preparing a strategic and resilient 2026 hotel budget is more important than ever. Whilst for many operations revenues remain strong, the challenge for many operational teams is how to maintain the conversion or flow through to gross
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Celebrating Our Platinum Sponsorship with BAHA
We are absolutely delighted to announce that we are now Platinum Sponsors of the Bournemouth Area Hoteliers Association (BAHA). This marks a significant step forward in our ongoing commitment to supporting the local hospitality industry and strengthening relationships within our vibrant community. BAHA plays a crucial role in promoting Bournemouth as a much loved destination
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The importance of financial literacy in hospitality – why it matters
The hospitality industry has faced a relentless set of challenges over the last 18 months. In 2024 the industry faced significant financial pressure due to rising operational costs. UK businesses across all sectors have had to adjust to the new economic realities arising from increases to payroll as a result of the uplift in employer
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Timely Financial Knowledge Training for Hotel General Managers
This is an opportunity for hotel general managers to update their financial knowledge with an intensive online course delivered by the team at the finance4hospitality academy led by founder, Debra Adams.
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Update essential finance skills for Restaurant Managers
What finance skills do restaurant managers need? Join us for our two part course focusing on improving the profitability of your restaurant business focusing on profitable revenue and essential cost control.
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Payroll costs are increasing
This April the UK hospitality industry faces increasing employment costs with the increase in employer National Insurance Contributions (NIC). Currently employers pay 13.8% contributions on salaries above the £9,100 threshold. From April 2025 the contributions increase to 15%. In addition to this the threshold is lowering to £5,000 which means that more part time employees
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