Budgeting & Forecasting

Every organisation should be judged on one thing, their result. It is our view that the financial target set should be almost out of reach otherwise the hotel will not realise it full potential.

Tifco have developed a comprehensive budgetary model which is made available to local management in the preparation of their annual budget. In association with our central finance team a comprehensive budget, fully supported by a detailed Sales & Marketing plan will be available for approval well in advance of each financial year.

In our fast-paced, rapidly changing world, the future that we will experience can be vastly different from our expectations. Tifco realise the importance of an accurate forecast which if wrong can have a detrimental effect on businesses viability. We continually review our targets by way of weekly, monthly, and quarterly rolling forecasts ensuring they are relevant to current demand and market conditions. Such forecasts are particularly important in the management of a hotels cash position.

© 2022 Tifco Hotel Group
  • 31 Northwood Court,  Northwood Park, Santry, Dublin 9, Ireland. D09 X489
  • Phone: +353 1 862 9000
  • Fax: +353 1 862 9001
  • Email: info@tifcohotels.ie


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