learn how to Analyze Hotel Financial Statements to improve profitability in 2021
This course will help you to become an expert in hotel management by analyzing hotel financial statements & performance with ease. In our experience, Hotel management professionals in operations do 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 & learn hotel financial statements
- Learn how to analyze Hotel financial statements and with key terms used in operations, cost management ideas.
- After completing this course you will become in analyzing & present your department’s performance easily and professionally.
- You will be able to understand how your decisions affect the profitability of hotels and improve hotel profitability.
- Give your Career a head start by learning one of the key responsibilities as department/division head i.e. Managing the departmental financial performance.
In this unique hotel management course for understanding financial statements, 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 an understanding of how to create impact through strategic decisions.
- Learn how to analyze 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.
– 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.
Subscribe now and Share the love with others as well.
What you’ll learn in the course on hotel financial statements
- How to Analyse overall Hotel Financial Performance
- Read Hotel Financial Statements
- Analyse Hotel Profit & Loss Statements
- Analyse Hotel Revenue performance in details
- Analyse Hotel Cost and Take Corrective Actions
- Revenue Analysis of Hotel
Are there any course requirements or prerequisites?
- Some hotel industry experience
Who this course is for:
- Hotel Management Students
- Hotel Executives
- Hotel Managers & Supervisors
Other courses taught by Mr Manish are
Introduction and Fundamentals
This lesson will help to understand hotel operations though explaining the cycle