Analyse Hotel Income Statements -Rooms Department

What you'll learn

  1. Ability to understand Hotel Operation structure
  2. Understand Key terms used in hotel industry in very simple language
  3. Read Profit & loss statement and other performance reports without prior knowledge of accounting
  4. Present financial reports to Management
  5. Analyse the Hotel financial statements and performance results and take strategic decisions

Requirements

No Prior knowledge of finance or hospitality industry is required, we would be covering the basics of hotel operation as well.
Need to have passion towards learning hospitality & Hotel Management
Willingness to dedicate few hours a week to Learn Hotel Management

Description

A wide range of 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.

Learn with us to understand, how to anlayse Hotel financial statements and with key terms used in operations.

After completing this course i am confident that you will be able to anlayse & present your department's performance easily and professionally.

You will be able to understand how your decisions affect profitability of hotel and improve hotels profitability.

Give your Career a head start by learning one of they key responsibilities of your career as department manager which is managing the departmental P&L

In this unique and first in league online 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 hotel profit and loss statement for room division.

Discuss the profit & loss templates prescribed by USALI

All terms explained are in compliance with Uniform system of accounting for lodging industries.

Course is Unique in the sense that we focus on theory as well as practical assignments which i will be reviewing personally and guiding your learning ensuring that you achieve your objective of subscribing to this course. I will ensure that you excel in understanding your hotel management aspects as far as it relates to financial terms.

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.

Subscribe now and Share the love with others as well.

Who this course is for:

Hotel Department Heads / Managers who are willing to sharpen their hotel management skills by learning the financial analysis side of operations.
Front Office Managers, supervisors who wish to advance in their career by learning new skills on how to analyse and present Profit & Loss statements
Room Division Professionals Seeking a career in Hospitality Industry and hotel management
All hotel employees who want to learn how to analyse Room Division financial statements
Hospitality Students who wish to give them a head start in their career by learning things quicker

  • Course Duration: 3.5 Hours
  • Course fees - USD 9.99
  • Course Curriculum

    In this section you will learn about –

    • Course Intoduction, 
    • Hotels Operating Department & Cost Structure and
    • Hotels usual Operations Cycle and involvement of operating departments.

    In this section you will learn about –

    • How Hospitality Industry is different from others,
    • Uniform System of Accounting for Lodging Industry,
    • Financial Reporting Package of Hospitality Industry and
    • Grand Profit & Loss Statement.

    In this  Section we will dive into details of rooms revenue and its different components, we will also learn how to analyse variances.

    • Rooms Division Section Introduction,
    • Understand the structure of Room Division P&L,
    • Understand Room Division P&L Part 2,
    • Rooms Revenue (General Overview),
    • Rooms Revenue (Key Drivers Quantity),
    • Room Revenue (Key Driver – Value),
    • Room Revenue Segmentation (FITs),
    • Room Revenue Segmentation (Groups),
    • Room Revenue (Package Elements),
    • Barter & Loyalty Program Deals,
    • What are the major revenue segment at your hotels and why?,
    • How to Analyse Hotel Revenue,
    • Horizontal Analysis,
    • Vertical Analysis,
    • Revenue Analysis (Simplified),
    • Marketing and Operating Reports for Hotel's Revenue Analysis,
    • Nationality Report,
    • Booking Lead period,
    • Upselling & Upgrades,
    • Market Bench Mark Report and
    • Room Revenue Analysis.

     This section is dedicated to expenses in rooms division

    • Room Division Labour Cost,
    • Labour cost Segmentation Management & Non Management,
    • Labour cost Segmentation by Dept,
    • Labour cost (Service Charge Distribution),
    • Labour Cost (Other Components),
    • Labour Cost Analysis,
    • Other Room Cost Items,
    • Other Room Division Cost (Nature of Expenses) and
    • Room Division (Cross Division Charge).

    In this section you will learn about –

    • How to Analyse Room Profit & Loss Statement (Steps),
    • Analysis Preparation Steps,
    • Analysis of Variances & Ratios and
    • Room Division P&L Analysis.

     

    In this video you will learn about –

    • Bonus Lecture (Cost Management Ides Part 1),
    • Bonus Lecture (Cost Management Ideas – 2) and
    • Thank You Very Much.
    BONUS LECTURE

    Sample Videos