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Premiums paid for protecting the business against potential losses. Example: Property insurance, liability insurance, and workers' compensation.

Costs associated with employee wages, benefits, and taxes. Example: Salaries, hourly wages, health insurance contributions, and social security taxes.

Costs for basic services such as electricity, water, and gas. Example: Monthly electricity bills for hotel operations, gas used in the hotel kitchen.

Investments in IT systems and software to streamline operations. Example: Purchasing a new property management system or subscribing to a reservation platform.

Losses from debts that are not collectible. Example: Unpaid invoices from corporate clients or credit card chargebacks.

Costs associated with developing staff skills and knowledge. Example: Funding for hospitality certification programs or on-the-job training sessions.

Funds allocated to promote the hospitality business. Example: Costs of online advertising campaigns, brochures, and promotional events.

Costs for professional services like lawyers, accountants, and consultants. Example: Hiring an attorney for contract review or an accountant for tax preparation.

Unexpected expenditures due to natural or man-made catastrophes. Example: Costs from damages due to a hurricane or fire.

Expenditures for purchasing necessary operational items. Example: Office supplies, cleaning products, and guest toiletries.

Costs specifically for sanitation and keeping premises hygienic. Example: Hiring professional cleaning services for deep cleaning or purchasing disinfectants.

Costs related to purchasing ingredients and drinks for restaurant and catering services. Example: Buying fresh produce, meats, and wines for a hotel’s restaurant.

Investments in updating and improving the property's aesthetics and functionality. Example: Remodeling the lobby or upgrading room furnishings.

Loss of inventory due to theft, damage, or waste. Example: Stolen linens, spoiled food, or broken glassware.

Accounting method to allocate the cost of tangible assets over their useful lives. Example: Depreciation of hotel furniture, kitchen equipment, and the building itself.

Costs associated with cleaning and maintaining guest rooms and public areas. Example: Cleaning supplies, laundry services for linens, wages for housekeeping staff.

Payments made for operating under a brand's name and system. Example: Ongoing fees paid to a hotel chain by a franchised hotel property.

Costs incurred from purchasing and laundering bed sheets, towels, and napkins. Example: Buying new towels for guest rooms and laundering tablecloths after events.

Investments in growth opportunities and strategic partnerships. Example: Costs for attending trade shows or sponsoring local events for brand exposure.

Costs for providing guest shuttle services or employee travel reimbursements. Example: Fuel for a hotel shuttle bus or reimbursement for staff travel to a conference.

Costs for providing live shows, music, or events to guests. Example: Booking a band for the hotel lounge or hiring a DJ for a special event.

Fees paid to third parties for services like booking referrals. Example: Commissions to travel agents or online travel agencies for guest reservations.

Fees paid to government entities for the right to operate legally. Example: Alcohol license for a bar or health and safety permits for a restaurant.

Costs incurred from interest on borrowed funds. Example: Interest payments on a business loan or mortgage for hotel property.

Purchases for items provided to guests for use during their stay. Example: Complimentary toiletries, coffee and tea, or minibar items.

Expenditures for keeping the property in good condition. Example: Fixing broken air conditioning, painting walls, servicing equipment.

Investments in eco-friendly practices and equipment. Example: Costs for installing energy-efficient lighting or implementing a recycling program.

Costs related to property taxes and mortgage or lease payments. Example: Monthly lease payments for a restaurant space or annual property taxes for a hotel.

Funds allocated for guest perks like swimming pools, gyms, or Wi-Fi. Example: Upkeep of gym equipment or installation of a high-speed internet service.