Hotel asset management works best when owners can connect PMS activity, accounting, BI, budgets, approvals, and portfolio reporting in one foundation.
Insight
Hotel KPI reporting works best when finance, operations, labor, owner visibility, BI, mobile workflows, and ERP data share one source of truth.
Insight
One of the things I've learned from evaluating hotel portfolios over the years is that similar operating results don't always translate into similar financial performance. Two management companies can report nearly identical occupancy, ADR, and RevPAR while producing very different profit margins and long-term value. The difference usually isn't found in traditional performance metrics. It's...
Blog Post
As we get deeper into the age of AI, many hotel leaders are beginning to reevaluate their reporting structures. And while much of the conversation has focused on dashboards, analytics, and automation, the GM Critique has quietly become one of the most frequently requested reporting improvements among corporate and property users. Few reports hold more...
Blog Post
One of the major focuses for hoteliers this past decade has been to get more visibility across their portfolios. And in many ways, they succeeded. Regional VPs can open a portfolio dashboard and instantly see occupancy declines, labor variances, softer pace, or unexpected shifts in GOP. But just because they can see what happened doesn’t...
Blog Post
Labor continues to be one of the largest cost lines in most hotels (typically 30–35% of revenue). It’s also one of the hardest to see while it’s actually happening. You can run a full week thinking everything is on track. Occupancy held. The front desk wasn’t overwhelmed. Housekeeping felt like it kept up. Nothing really...
Blog Post
We all know that hotel budgets provide a valuable reference point for informed and effective financial management. However, creating those budgets can be an intricate and time-consuming task.
Between inflation, tight job markets, and the competitive hotel management environment, the pressure to set and meet ambitious financial goals can be substantial. As can be the pressure to produce an accurate and reliable budget, taking all the what-if scenarios into account.
As we are in the midst of hotel budgeting season, here are some pro tips and food for thought to make sure your budgeting is covering all the bases.
Blog Post
Baywood Hotels, a leading hotel development and management company with over 120 properties nationwide, sought to enhance their operational efficiency and financial management with an ERP solution. Why it matters: By adopting HIA's ERP & Accounting software, Baywood Hotels gained a powerful, centralized back-office software with integrated business intelligence to help them achieve their tech-forward...
Case Study
A high level overview of the features and benefits of HIA’s Business Intelligence module.
Video
As a hotelier, if you don't have access to these key metrics and performance indicators for your portfolio, with real-time data, then you don't have the information you need to optimize operations, reduce costs, and maximize profitability.
Video
2024 was a great example of our dedication to making HIA ERP & Accounting platform the best in the industry. The HIA in-house development team built new software integrations, enhanced key areas of the system like Budgeting & Forecasting, Bank Connect, and Business Intelligence, as well as improved the overall user experience.
Blog Post
More companies are turning to labor intelligence in response to rising labor costs and unprecedented labor shortages. Higher labor expenses can affect profit margins and profitability, and if there are not enough staff to meet business demands, it can also affect service levels and guest satisfaction.
Blog Post
In HIA Intelligence, HIA’s business intelligence and labor management solution, the Inova integration will work directly with HIA’s business intelligence and labor management tool to help hoteliers make smarter labor decisions by offering real-time labor analysis.
News Article
Hotel Investor Apps (HIA), the hospitality-specific ERP, Accounting and Intelligence platform, announced today major new enhancements to its business intelligence solution, HIA Intelligence. The latest product release includes more insights into financial, operational, and labor data and an enhanced user-interface.
Blog Post
Hotel Investor Apps (HIA), the hospitality-specific ERP platform, announced today that Baywood Hotels (Baywood), a privately held development and management company operating over 120 hotels nationwide, has expanded its utilization of HIA’s ERP & Accounting platform with the addition of HIA Intelligence, a business intelligence product.
News Article
They say knowledge is power. And in the competitive hotel industry, staying ahead of the curve means leveraging the right tools to convert raw data into actionable insights. That's where business intelligence (BI) software comes into play. Instead of sifting through spreadsheets and reports to get a clear view of your hotel's performance, you'll get a comprehensive,...
Blog Post
Hotel Investor Apps is always developing and improving its hotel ERP platform. In 2023, HIA released state-of-the-art import features, added new integrations, improved user experiences, and expanded business intelligence features. Here are a few of the development highlights:
Blog Post
Explore the world of Business Intelligence and its impact on revenue, guest satisfaction, and overall success in the hospitality sector. Learn how data-driven insights can drive growth, enhance operational efficiency, and unlock a competitive edge for hotels.
Blog Post
The recent failures of Silicon Valley Bank and Signature Bank, which could be a signal of more problems to come in the banking arena, are only the latest concerns regarding the U.S. economy. But this is not the only time analysts have talked about recession lately. Nick Timiraos recently penned a piece in the Wall...
News Article
February 1st, 2023 – Hotel Investor Apps (HIA), the most advanced hotel-specific Accounting & Business Intelligence software, has just received the coveted Acumatica “Development Excellence Award.” The award was announced at the 2023 Acumatica Summit being held this week in Las Vegas.
News Article
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