Monthly Archives: March 2017

Enhanced Efficiencies & Comprehensive Reports – Hallmarks of Streamlined Accounting for Restaurant Owners

Running a restaurant business involves a lot of tasks and functions, including serving the customers, organizing your staff, handling team hurdles, and even getting engaged in raw material procuring process. In this busy schedule, you may not get ample time to manage your accounts and bookkeeping properly, which may lead to severe losses during surprise inspections and audits. If you wish to ensure hassle-free operations of your business, then you must ensure that you have every detail of your income and earnings, which will enable you to analyze the current position of your business and thereby assist you in making strategic business decisions. Continue reading Enhanced Efficiencies & Comprehensive Reports – Hallmarks of Streamlined Accounting for Restaurant Owners

Quatrro Insights for the Hospitality Industry in the US

Top Priority Areas for Hotel Operators in 2017

The hospitality industry (excl. Travel) consists of companies that provide short-term accommodation, including hotels and casino hotels, motels, and inns dominated by large hotel chains. The industry continues to remain the bedrock of the American economy by providing accommodation to both the business and leisure travelers and thereby contributing to national GDP growth. Globally, the hospitality industry is experiencing a renaissance. Record high occupancy rates and pricing are widespread, and favorable economic and market conditions are projected to remain strong. While the market is providing exciting opportunities, most organizations are treading with caution due to the cyclicality of the market. In the US, the hotel assets continued to appreciate in 2016, but at a more modest pace due to slowing RevPAR(revenue per available rooms) growth and a rise in cap rates. Continue reading Quatrro Insights for the Hospitality Industry in the US