The best source for projecting operating expenses for a hotel is the financial statements of comparable hotels.

Question

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Financial statements of comparable hotels can provide valuable information on operating expenses, such as salaries, utilities, and maintenance, and can be used as a benchmark for projecting the expenses of a new or existing hotel. This method is based on real-world data and is considered more accurate compared to other methods such as industry standards or management estimates.

The Best Source for Projecting Operating Expenses for a Hotel