Free Resort Budget Template
Resort Budget
Effective budgeting is crucial for the smooth operation and financial health of any resort. Below is a breakdown of key budget categories for a resort, along with sample allocations to illustrate how a resort might plan and manage its finances efficiently.
Resort Budget Breakdown
|
Budget Category |
Description |
Monthly Allocation |
Percentage of Total Budget |
|---|---|---|---|
|
Staffing and Salaries |
Salaries for management, housekeeping, front desk, and maintenance personnel. |
$120,000 |
40% |
|
Utilities |
Costs for electricity, water, waste management, and heating/cooling systems. |
$30,000 |
10% |
|
Supplies and Maintenance |
Cleaning supplies, toiletries, linens, and regular maintenance of facilities. |
$20,000 |
6.67% |
|
Guest Services |
Spa, recreation, dining, entertainment, and other guest-related amenities. |
$45,000 |
15% |
|
Marketing and Promotions |
Advertising, online campaigns, loyalty programs, and special promotions. |
$25,000 |
8.33% |
|
Capital Expenditures |
Investments in facility upgrades, technology, and long-term improvements. |
$40,000 |
13.33% |
|
Contingency Fund |
Funds reserved for emergencies, repairs, or unforeseen fluctuations in demand. |
$20,000 |
6.67% |
|
Miscellaneous Costs |
Legal, insurance, and other non-regular expenses. |
$20,000 |
6.67% |
|
Total Monthly Budget |
$300,000 |
100% |
