Dimension’s Grand Hyatt Nashville opening Fall 2020
Raleigh, NC, June 11, 2019 — Dimension Development, a growth-oriented hospitality management company with a portfolio of nearly 70 properties across the United States, announced today the ability to forecast room revenue within an accuracy of three percent using the Planning module of Broadvine, a leader in Financial Performance Management software for the hospitality industry.
“Broadvine’s Planning application is one of the most robust tools for budgeting and forecasting on the market,” said Shawn Barber, CEO of Broadvine. “As one of our largest management company partners, Dimension continues to prove the strength of our application by delivering accurate revenue forecasts to the benefit of their owners. The success of this partnership continues to enable opportunities for us to innovate and further serve our entire customer base.”
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.
“Hotel owners demand accuracy and agility. Dimension Development provides both by relying on Broadvine’s forecasting and budgeting tools,” said Matthew Schupbach, Assistant CFO at Dimension Development. “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.”
For more information, please visit Broadvine at HITEC Booth #1539 or visit www.broadvine.com.
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 and Labor modules – providing a robust and flexible platform. Broadvine is utilizedby over 30 management companies and almost 500 properties worldwide. For more information, visit www.broadvine.com.
About Dimension Development
Dimension Development Co. was founded in 1988, and has successfully developed, acquired and managed full-service, all-suite, and limited feature hotels. The company’s various hotel partnerships have produced winning combinations in markets throughout the country. Dimension is a growth-oriented hospitality management company. Its current portfolio consists of nearly 70 hotels across the US with the leading brands: Marriott International, Inc., Hilton Worldwide, Hyatt Global and Resorts and InterContinental Hotel Group.