Forecasting and Budgeting Boost
Maximise Your Hotel’s Financial Performance
What gets measured, gets managed. Many tourism businesses don’t have a detailed monthly income and expense forecast or budget. Our forecasting and budgeting boost is an innovative program designed to help tourism businesses maximise their financial performance. It focuses on developing strategies and techniques that can be used to improve forecasting and budgeting operations, including developing more accurate forecasting models and implementing budgeting best practices.
Implement Budgeting
Best Practices
- A review of existing financial controls.
- A review of all income and expense lines for the past 12 months in the profit and loss statement.
- Development of three financial forecast scenarios: worst case, likely case, and best case.
- Identify critical financial control areas to prioritise and focus on.
- Development of detailed full profit & loss budget, broken down monthly.
Performance
Reporting
Efficiency
Controls
Forecasting &
Budgeting Formulation
What Gets Measured Gets Done
Don’t leave the success of your tourism business to chance. Our quarterly performance reviews help drive greater accountability towards achievement of best ever commercial results.
Designed to Deliver Results
Introductory Meeting
Join us for an introductory meeting. We’ll map your challenges to better understand your business needs and goals.
Proposal Draft
We’ll draft a tailored proposal to meet your specific objectives, focused on delivering maximum results.
Actionable Solution
Once you are satisfied and the agreement is signed, work will begin towards achieving the agreed objectives.
Discovery Process
Uncover opportunities for improvement and discuss how our services can help reshape the future of your business.
Deep Dive Analysis
Dive deep into your business’s data to uncover hidden opportunities and challenges.
Present recommendations
Recommendations presented, ready for implementation. Offer of further assistance provided and so to ongoing support.
Personalised Support From ONE OF the Best in the Business
Eoin Loftus has been a leader in the tourism accommodation industry for over three decades. During this time, he has honed his commercial skills and expertise to help optimise businesses for maximum performance and profitability.
Hear From
Our Clients
Profit Boost
Eoin is a breeze to work with, he perfectly nailed the brief – building relationships with key internal stakeholders that supported managing the deep dive process expertly.
Bringing his extensive hotel management and knowledge in food and beverage to my business he was able to identify key achievable recommendations that have delivered bottom line results.
A pleasure to work with, relatable and focussed on what i was wanting to achieve. I look forward to ongoing professional engagements.
Feasibility Study
It has been a pleasure working with Owen in developing the operational feasibility for our tourism project. He took a considered and evidence based approach to work through qualitative and quantitative elements of decision making. He also helped us to build out the functional success factors of our vision – and derisk the project.
Would highly recommend and will no doubt work with Owen again.
PROFIT BOOST ADVISORY & QUARTERLY PERFORMANCE REVIEW
We have found it a pleasure to work with Eoin Loftus on developing improved operational practices at Rawnsley Park. Eoin’s extensive experience in managing accommodation and hospitality businesses provides the basis for a knowledge-based assessment of our business. Eoin was able to clearly identify opportunities for financial improvement and quantify the likely benefit to our bottom line.
Feasibility Study
We engaged Loftus Business Advisory and, in particular, their principal, Eoin Loftus, to conduct a feasibility study for our new project of Naiko at the bluff. Eoin has a wealth of knowledge and many years experience in the tourism industry.
We found Eoin to be extremely service orientated and we are extremely pleased with the work he did for us which found invaluable. In testament to that, we have recommended him to others and would have no hesitation in doing the same again.
PROFIT BOOST ADVISORY & QUARTERLY PERFORMANCE REVIEW
We were fortunate to meet Owen and we engaged him to assist us in identifying ways to reduce costs as well as help us from a strategic point of view to ensure we had scale and the right business model.
Owen has been a great help to us. His professional, easy-going style together with his vast knowledge of hotels and accommodation has made him a perfect partner for our business.
Profit Boost Advisory & Quarterly Performance Review
CABN engaged Loftus Business Advisory to review its operations across a number of specific areas. Eoin drew on his extensive experience, industry knowledge and understanding of current operating conditions to provide valuable advice and recommendations that made a material difference.
Profit Boost Advisory & Feasibility Study
It has been a pleasure to work with Eoin, and his experience and insights into the industry and professionalism make him easy to work with.
We engaged Eoin to review current operations, and for feasibility analysis, and his insights and feedback have been invaluable, both in terms of streamlining and forward planning.
We look forward to maintaining our relationship and continuing to work with Eoin and are looking forward to future planning as we continue to grow our business. Thank you, Eoin, for your expertise, and ease in terms of engagement – we look forward to building this relationship!
Profit Boost Advisory & Quarterly Performance Review
This process has been so valuable to us and our business... There is no question that Eoin is an absolute expert in his field, and we would recommend his services to any business looking to implement cost controls and strategies to boost their business profit.
Profit Boost Advisory
Eoin's experience in the tourism industry is second to none. With his guidance and strategies, our newly refurbished motel is moving in the right direction and performing better than before. We are forever grateful for having him through this delicate stage and looking forward to working with him on future exciting projects on the horizon.
Profit Boost Advisory
Eoin's wealth of knowledge and experience helped us evaluate our business, identify opportunities for growth and plan for the future. His professional approach and genuine desire to assist our business made it a pleasure to work with him. We would definitely recommend Loftus Business Advisory to any business looking to plan for the future, optimise operations and increase profitability.
Transform Your Business with Hospitality Consulting That Dares to Care
Loftus Business Advisory brings the expertise, exposure, and knowledge you need to regain control of your hospitality business. Don’t struggle alone. Contact us today and find out how we can help you succeed.