What's Happening?
SHaDPitch, a pitch competition by She Has A Deal, has partnered with HotStats to provide aspiring women hotel owners with comprehensive profit-and-loss benchmarking insights. Participants in the competition, such as Veronica Phuong Vu and Courtney Begoon, utilized HotStats to analyze the operational performance of their hotels against similar properties. This partnership emphasizes bottom-line metrics like GOPPAR and EBITDA margin, allowing participants to focus on sustainable financial performance. The detailed analytics provided by HotStats enable contestants to uncover real profit opportunities and make data-driven recommendations, enhancing their pitches to investors.
Why It's Important?
The collaboration between SHaDPitch and HotStats is significant as it empowers women in the hospitality industry with advanced financial insights, helping them make informed investment decisions. By focusing on comprehensive P&L analytics rather than just top-line data, participants can better understand the financial health of their properties, which is crucial for successful hotel ownership. This initiative supports gender diversity in the industry by equipping women with the tools needed to compete effectively in hotel ownership, potentially leading to increased representation and leadership roles for women in hospitality.
What's Next?
The next cohort for SHaDPitch is open for registration, offering aspiring hotel owners access to a hotel ownership roadmap, coaching, and deal equity opportunities. Participants can continue to leverage HotStats for detailed benchmarking insights, which will aid them in making credible pitches to investors. As the program progresses, it is expected to foster a new generation of women hotel owners who are well-versed in financial analytics and strategic decision-making.
Beyond the Headlines
This partnership highlights the importance of data-driven decision-making in the hospitality industry, particularly for new entrants. By providing detailed financial insights, HotStats helps participants understand the nuances of hotel operations, which can lead to more sustainable and profitable business models. The initiative also underscores the growing trend of using technology and data analytics to drive business success, which could lead to broader adoption of similar tools across the industry.
