Dimension Development maximizes planning capabilities

Dimension Development’s properties, like the Grand Hyatt Nashville, benefit from delivering accurate revenue forecasts to its owners. Photo credit: Broadvine

Dimension Development, a hospitality management company with a portfolio of nearly 70 properties across the U.S., said it now has the ability to forecast room revenue within 3 percent using the planning module of Broadvine.
 
“Hotel owners demand accuracy and agility,” Matthew Schupbach, assistant CFO at Dimension Development, said in a statement. “Dimension Development provides both by relying on Broadvine’s forecasting and budgeting tools. Broadvine has been a valuable tool in our arsenal. With a wide variety of brands and hotel complexities among the nearly 70 we manage, Broadvine is a tool that is scalable and robust enough to support Dimension’s culture of continuous improvement.”

Broadvine’s Planning application takes the struggle out of using multiple spreadsheets and moves the budget and forecast process to a web-based application providing security, standardization and data integrity. Once historical plans and actuals are imported into Broadvine, year-over-year results are available to simplify performance evaluation and future planning. 

Users create plans that are managed collaboratively across departments as well as between the property and corporate office. Broadvine’s planning application manages complex revenue segmentations, leverages driver-based expenses and protects items from inadvertent revisions and incorrect manual calculations. 

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

Suggested Articles

The REIT said that it does not expect to see a meaningful increase in demand for its portfolio until there are COVID-19 medical solutions in place.

Choice Hotels International hailed its strong domestic drive-to and leisure markets as it reported growth in occupancy and conversions.

The three companies account for 68 percent of the projects in the total pipeline.