Newport Hospitality Group to optimize portfolio performance

Newport’s Courtyard by Marriott hotel in Ocean City, Md., will benefit from Broadvine's profitability application. Photo credit: Broadvine (Newport Hospitality Group selects Broadvine )

Hospitality management group Newport Hospitality Group is installing Broadvine’s cloud-based application to drive hotel profitability. Broadvine’s application provides accurate and reliable budgets and forecasts, real-time data and automated expense and labor management. 

By consolidating data from various property-management systems, benchmarking systems, labor systems and its accounting platform, Newport will be able to easily view and analyze data and make quicker, more profitable decisions.

“Broadvine’s application will help us continue to drive increased revenues compared to the market and deliver high levels of employee and guest satisfaction,” Newport President Wayne West said in a statement. “With seven new hotels in the pipeline with major chains such as IHG, Marriott, and Hilton, we are committed to leveraging technology partners such as Broadvine to help us achieve our revenue and growth goals.”

Broadvine delivers financial performance management software to help hotel management companies and ownership groups increase profitability and operational efficiencies across their portfolio. Broadvine’s software-as-a-service application consists of reporting, forecasting, labor and expenses-management modules.