Enrolled: 2 students
Duration: 2 hours
Lectures: 12
Video: 2 hours
Level: Advanced

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Hospitality Finance Courses
Cash management is very important for businesses, to be able to survive during crisis or difficult times. Cash Management includes forecasting needs, estimating revenue, and expenses based on operation requirements.

Pandemic has thrown challenges on the survival of the hospitality business. Managing the cash is now key in surviving the business.

in this short we have covered.

1. alternative revenue-generating strategies for hospitality

2. operation and cost management principals

3. Financial model to calculate Cash management template –

4. how to use it and manage your cash flows in the future.

an excel template is given along with the course which you can download and use.

if you feel any difficulty in filling up the template, pls message

What you’ll learn

  • Alternative Revenue Generation Strategies
  • Cost management Strategies
  • Practical Template to prepare cash management

Are there any course requirements or prerequisites?

  • Basic Hotel Management operations

Who this course is for:

  • Hotel Operation Managers
  • Hotel Managers
  • Supervisors
  • Department heads
  • Small hotel owners
  • Restaurant owners
  • restaurant managers

Fundamentals and understanding concepts

1
Introduction and Basis of Projections
2
Making future plans and potential revenue generating activities
3
Operational Plans that need to be looked at
4
Cost management Practices at hotel and ABC system
5
Other Matters before practical exercise

Financial Model and Working on Financial model

1
Room Revenue Budget Template
2
F&B Revenue Budgeting Template
3
Banquet and Other operating Depts
4
Headcount Budget
5
Payroll and Other Cost Budgeting
6
Other hotel operational Expenses
7
Cash Budgeting Exercise
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