My Hotel CFO
Transform your financial data into actionable insights. My Hotel CFO is your partner in optimizing cash flow, maximizing profitability, and staying ahead in the competitive hotel industry.
Built by a financial professional.
A CFO service that is
My Hotel CFO was founded by a financial professional and hotel owner who knows that hotels need more than just accounting—they a need strategic financial advisor. With over 16 years of experience in hotels & finance, we help hotel owners & managers not only understand their numbers but use them to increase cash flow & profits.
Actionable Insights
Optimize Cash Flow
Improve Profitability
Strategic Financial Advice
Key CFO
Advisory Services
Running a hotel is complex—you need more than just basic bookkeeping or accounting. My Hotel CFO offers specialized CFO advisory services designed for the unique needs of the hospitality industry. With a deep understanding of both financial and operational metrics, we help hotels like yours thrive by providing strategic insights that improve your bottom line.
CFO Advisory Services for Hotels
Cash Flow Forecasting and Management: Ensure smooth operations and growth by predicting and managing your cash flow needs.
Market Data Analysis: Unlock hidden insights in STR reports and financial data to capture more market share, boost your cash flow and profitability.
Financial Dashboards & Scorecards: Gain clarity with comprehensive dashboards that summarize key financial and operational metrics.
Expense Management: Optimize operational & labor costs for better efficiency and reduced expenses.
Meet the Founder.
Vimal Bava,
Vimal Bava, CPA, CHIA is a seasoned CFO advisor, brings years of experience both running and advising hotels. His deep knowledge of hospitality finance means he understands the unique challenges and opportunities within the industry. In addition to his experience, he also has a Certification in Hotel Industry Analytics (CHIA).
Experienced
Proven Systems
Committed
Client Centric
Ready to Elevate Your
Hotel's Financial Success?
Schedule your call today to start transforming your financial data into actionable insights. My Hotel CFO is your partner in optimizing cash flow, maximizing profitability in this competitive hotel industry.
Some Succes Stories
Cash Flow Boost To Owners
A franchised upper midscale hotel was struggling with tight cash flow despite consistent occupancy and a market share index of 100. By analyzing their ADR market index through STR reports and their PNL, we identified opportunities for increasing their ADR by $2, in which they lagged their compset. This strategic adjustment increased their revenue by almost $50,000 with an approximate net increase of $20,000 in their annual cash flow. This tweak in their pricing significantly boosted their profitability & cash flow, just showing how small, data-driven adjustments can yield significant financial results.
What is a CFO Advisor?
A Fractional CFO Advisor provides high-level financial management and strategy on a part-time basis, perfect for hotels that need CFO expertise without a full-time commitment.
What are your fees?
Our services are flexible and priced based on your hotel's specific needs, ensuring you only pay for the expertise you require. During our initial conversations we will discuss your needs and provide you with a custom quote.
Doesn't my accountant or bookkeeper already do these things for me?
The traditional role of an accountant/bookkeeper is to help you keep proper records and make sure you have timely financial statements that capture what happened in the past. With our CFO advisory services, we take on a more forward looking approach where we leverage your PNL, balance sheet, monthly STR reports & other operational data, to better understand your hotel operations & finances and identify opportunities to boost occupancy, adjust rates, and even areas you can reduce expenses. Most hotel owners look at a STR report and do little with it, but there are golden nuggets hidden in STR reports that many fail to leverage. When combined with financial data like your P&L, these insights can enable more strategic planning and decision-making.
Contact us
Let us know how we can help you!