Hotel income statements (P&L)
BudgetForcastingInvestmentProfitRevenueSHaD-2SHaD-4SHaD-8
The income statement, also called Statements of Income and Expense or Statements of Profit and Loss (P&L), is the key report you will use to oversee your hotel’s financial performance. Income statements are produced monthly and compare monthly and year to date performance to the prior year and to budgets. On the income statement, you find KPIs (Key Performance Indicators), revenues and expenses for each department, overhead expenses, and your profit or loss. You will use the income statement to monitor the asset, encourage management performance and plan strategically for the asset.
