HFTP North Texas Chapter Meeting

Thursday - November 16, 2023
All Members and Prospective Members are cordially invited!

Meeting Details

Presentation

Flow-through and flex are powerful metrics to help determine trends in hotel profitability. In this session, attendees will learn about current profit and loss trends in the hotel industry impacting profitability including tracking total revenues, labor costs and departmental expenses. The next step is putting the data into action. Session attendees will learn about calculating flow-through and flex and tracking market trends.

Tanya Venegas, MBA, MHM is the Global Head of Customer Success for HotStats, a monthly profit-and-loss data benchmarking platform. In this role she leads the Customer Success team in providing customer service to HotStats clients including onboarding, education, and continued support. Prior to joining HotStats, Tanya was the Executive Director and HFTP Fellow of the Hospitality Financial and Technology Professionals Research Institute at the University of Houston Conrad N. Hilton College of Global Hospitality Leadership. Tanya is on the HFTP Greater Houston Chapter board and has served on multiple HFTP councils and committees. In 2021, Tanya received the Paragon Award from HFTP which is given to an individual that has made a significant and lasting contribution to the global hospitality finance or technology industry. She regularly speaks at industry events and has written numerous articles for global hospitality finance and technology publications.

Cost

Our standard monthly in-person fees will apply this month:

$45 - Members & Non-Members
$25 - First Time Attendees
$25 - Students

Please RSVP through Eventbrite no later than Thursday, November 9, 2023 so we can get a guaranteed count for dinner.

PLEASE NOTE: All No Shows Will Be Billed.

Learning Objectives

1. Review current hotel industry trends in the United States to identify disruptors and how they are impacting profitability.
2. Learn about flow-through and flex calculations, how they are calculated, and how to interpret these metrics to make decisions in your operation.
3. Review market trends in flow-through and flex and identify what is driving these trends.

CPE Information

Program Level: Basic
Pre-requisite Required: None
Advance Preparation Required: None
Delivery Method: Group Live
Recommended CPE Credit: 1.0
Recommended Field of Study: Finance

For more information regarding administrative policies such as complaint and refund, please contact our offices at northtexashftp@Hotmail.com.

The North Texas Chapter of Hospitality Financial and Technology Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.