Analyse and interpret hotels overall financial statements
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This Course will help you to become expert in hotel management by analysing hotel operational & financial performance with ease.
In our experience Hotel management professionals in operations does not feel comfortable reading and presenting their department’s financial performance due to lack of financial background, knowledge and training.
Why you should take this course
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Learn how to anlayse Hotel financial statements and with key terms used in operations, cost management ideas.
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After completing this course you will become in analyzing & present your department’s performance easily and professionally.
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You will be able to understand how your decisions affect profitability of hotel and improve hotels profitability.
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Give your Career a head start by learning one of they key responsibilities as department / division head i.e. Managing the departmental financial performance.
In this unique hotel management course, we will
– Discuss and understand key unique terms used in hotel management.
– Understand definitions of revenue and expense heads.
– Drill down all revenue and expenses to the deeper level to gain understanding how to create impact through strategic decisions.
– Learn how to analyse the overall hotel profit and loss statement.
– Learn important revenue management & marketing reports
– Learn cost and operation management reports and cost management ideas.
– Discuss the profit & loss templates prescribed by USALI
– All terms explained are in compliance with Uniform system of accounting for lodging industries.
Unique Features
– focus on theory as well as practical assignments
– Personalized review personally
– Continuous guidance in your learning ensuring that you achieve your objective of subscribing to this course.
– Regular Updates on case studies based on your feedbacks
Even though the course is online with no physical presence, assignments in this course will give you a change of personal interaction as i will review all assignment personally and give you personalized guidance.
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7Key Terms Used in HospitalityVideo lesson
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8Rooms Division Key Terms - Occupancy & Related TermsVideo lesson
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9Room Division Key Terms ADR and Related TermsVideo lesson
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10F&B Business - Key Quantity DriversVideo lesson
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11Food & Beverage Division - Key Revenue TermsVideo lesson
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12What are various Revenue Segmentation - Transient BusinessVideo lesson
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13Hotel Revenue Segmentation - Group BusinessVideo lesson
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14F&B Revenue Segmentation FundamentalsVideo lesson
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15What are your Hotels Main Revenue Segments?Text lesson
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16Standard Profit & Loss Templates Prescribed by USALI for Lodging Industries V11Video lesson
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17Revenue Reports Analysis FundamentalsVideo lesson
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18Horizontal Analysis in practice through Room Segment AnalysisVideo lesson
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19Vertical Analysis Explained via Room Segment ReportVideo lesson
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20Combined Analsysis Simplified - Market Segment ReportVideo lesson
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21Why you should know the Business SourceVideo lesson
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22Guest Nationality ReportVideo lesson
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23Booking Lead Period and Booking Pace ConceptsVideo lesson
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24Market Benchmark & Competitor Comparison ReportVideo lesson
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25Upselling & UpgradesVideo lesson
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26Menu Engineering ReportVideo lesson
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27Revenue Analysis ReportText lesson
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28Labour Cost Basic Pay & WagesVideo lesson
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29Labour cost - Service ChargeVideo lesson
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30Labour Cost - Other ComponentsVideo lesson
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31Labour cost AnalysisVideo lesson
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32Other Expenses and Control ReportsVideo lesson
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33Cost Management Ideas Part 1Video lesson
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34Cost Management Ideas Part 2Video lesson
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35Identify What Expenses matters in your hotel and are worth managing and why!Text lesson

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