Chesapeake Hospitality maximizes data management, forecasting

Chesapeake Hospitality properties, such as the Hyde Resort and Residences in Hollywood Beach, Fla., will gain instant and real-time access to an array of performance metrics. Photo credit: ProfitSword

Chesapeake Hospitality adopted ProfitSword’s ProfitSage operational and financial reporting product. Previously using a separate third-party platform for data-management and forecasting operations, Chesapeake Hospitality ultimately selected ProfitSage in order to provide its portfolio and staff with a more robust and accessible solution that also could address the complexities of ongoing company growth.

"After all of our departments performed an extensive evaluation of potential replacements, ProfitSage unanimously stood out as an intuitive solution that could easily extract the precise data needed to maximize profits, improve efficiency and better serve our clients,” Chesapeake Hospitality CFO Louis Schaab said in a statement. “Unlike other platforms that have been developed by programmers with a purely technological background, ProfitSword is operated by individuals that have an extensive history in working within the hospitality industry, and that expertise is certainly reflected in their ability to produce a platform that fully caters to all of our data-forecasting needs.”
With ProfitSage, company leadership and hoteliers at each Chesapeake property can gain instant and real-time access to an array of performance metrics, including financial statements, sales data and revenue reports. Through ProfitSage’s ability to integrate with multiple disparate systems and by its maintaining of a single shared database, staff members can be confident that any data being analyzed is complete, uniform and accurate at all times. Further enhancing data management efficiency is ProfitSage’s ability to automate the delivery of reports that can be scheduled on a preset basis.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.