Duration: 3 Hours
Lectures: 34
Video: 3 Hours
Level: Intermediate

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financial analysis

This course will help you to become an expert in hotel management by analyzing hotel operational & financial 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

  1. Learn how to analyze Hotel financial statements and with key terms used in operations, cost management ideas.
  2. After completing this course you will become in analyzing & present your department’s performance easily and professionally.
  3. You will be able to understand how your decisions affect the profitability of hotels and improve hotel profitability.
  4. 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, 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.

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.

Subscribe now and Share the love with others as well.

What you’ll learn

  • 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

Introduction and Fundamentals

1
Introduction to the course – Analyse Overall Financial Statements

Course Introduction

2
Introduction to Hotel Operations

This lesson will help to understand hotel operations though explaining the cycle

3
Fundamentals of Accounting Concepts
4
What is Allocation of Expenses
5
What are Prepayments

Key Terms Used in Hospitality

1
Key Terms Used in Hospitality
2
Rooms Division Key Terms Occupancy & Related Terms
3
Room Division Key Terms ADR and Related Terms
4
F&B Business Key Quantity Drivers
5
Food & Beverage Division Key Revenue Terms
6
What are various Revenue Segmentation Transient Business
4:51
7
Hotel Revenue Segmentation Group Business
8
F&B Revenue Segmentation Fundamentals

Standard Templates and Analysis Fundamentals Steps

1
Standard Profit & Loss Templates Prescribed by USALI for Lodging Industry
2
Revenue Reports Analysis Fundamentals
3
Horizontal Analysis in practice through Room Segment Analysis
4
Vertical Analysis Explained via Room Segment Report
5
Combined Analsysis Simplified Market Segment Report
6
Why you should know the Business Source

Revenue Management & Analysis Reports

1
Guest Nationality Report
2
Booking Lead Period and Booking Pace Concepts
3
Market Benchmark & Competitor Comparison Report
4
Up selling & Upgrades Reports in understanding Revenue
5
Menu Engineering Report

Expenses & Expense Control Reports

1
Labour Cost Basic Pay & Wages
2
Labour cost Service Charge
3
Labour Cost Other Components
4
Labour cost Analysis
5
Other Expenses and Control Reports
6
Cost Management Ideas Part 1
7
Cost Management Ideas Part 2

Overall P&L Analysis

1
Profit & Loss Analysis Steps
2
Room Division Profit & Loss
3
F&B Profit & Loss Statement
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