Located in Williamsburg, Virginia, Newport Hospitality Group is a hotel management company specializing in select and full-service hotels. The company operates more than 40 hotels in the Eastern United States with a diverse portfolio including Candlewood Suites, Holiday Inn Express, Hilton Garden Inn, Homewood, Hampton Inn, Hyatt Place, Courtyard by Marriott, SpringHill Suites, Fairfield Inn & Suites, Residence Inn, TownePlace Suites, Sleep Inn, and Comfort Inn & Suites and Days Inn.
Today it was announced that the company is implementing financial performance management software from Broadvine to optimize hotel profitability. Broadvine’s software-as-a-service application, which is currently being utilized by 25 management companies and almost 1000 properties worldwide, consists of Reporting, Forecasting, Labor, and Expenses Management modules. The application is designed to provide accurate and reliable budgets and forecasts, real-time data and automated expense and labor management.
By consolidating data from various PMS, benchmarking systems, labor systems, and their accounting platform, Newport Hospitality Group will be able to easily view and analyze data and make quicker, more profitable decisions. The application should help Newport minimize the time spent producing and analyzing data – freeing up time to act on the results and engage with guests on property. It should also help the company drive increased revenues compared to the market and deliver high levels of employee and guest satisfaction.
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