Analyze Hotel Financial Statements steps you must learn for Rooms Dept

Ratio Analysis - Analyze Hotel Financial Statements steps you must learn for Rooms Dept

A wide range of hotel management professionals in operations does not feel comfortable reading, analysing and presenting their department’s hotel financial statements and performance due to lack of financial background & knowledge and training.

This lack of understanding may be causing them to grow in their career and optimize their departments’ profitability

  • Learn how to analyze hotel financial statements and the meaning and implications of key terms used in operations.
  • understand how your decisions affect the profitability of hotels and improve hotel profitability.

After Completing this course on how to analyze hotel financial statements for room department you will be able to

  • to anlayse & present your department’s performance easily and professionally.
  • 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 on analyze hotel financial statements for room, 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 hotel profit and loss statement for room division.

– Discuss the profit & loss templates prescribed by USALI

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

The 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 assignments personally and give you personalized guidance.

Subscribe now and Share the love with others as well.

What you’ll learn

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

Are there any course requirements or prerequisites?

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

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 analyze and present hotel financial statements
  • Room Division Professionals Seeking a career in Hospitality Industry and hotel management
  • All hotel employees who want to learn how to analyze Room Division financial statements
  • Hospitality Students who wish to give them a head start in their career by learning things quicker

Author of this course how to analyse hotel financial statements for rooms.

Manish Gupta (Linked in profile)

  • Energetic and ambitious Chartered Accountant and Result-oriented Hospitality professional, offering +10 years of extensive experience in Finance, Audit, Risk management, and Hotel Operations.
  • Hands-on experience in Monthly Reporting, Budgeting, forecasts, P&L analysis, and leading projects. I have led ERP implementation for 16 hotels in our Group.
  • Strength in a positive attitude and Topline growth approach towards business. Improving productivity and cost efficiencies without compromising quality
  • Entrepreneurial attitude and Passionate about sharing knowledge and experience via online classes and sessions. Visit www.ehotelmanagementschool.com for more details

Introduction

1
Introduction to the course – Analyse Room division Financial Statements
2
Hotels Operating Department & Cost Structure
3
Hotels usual Operations Cycle and involvement of operating departments

Accounting & Financial Reporting in Hospitality

1
How Hospitality Industry is different from others
2
Uniform System of Accounting for Lodging Industry
3
Financial Reporting Package of Hospitality Industry
4
Grand Profit & Loss Statement

Rooms Division Financial & Operating Reports

1
Rooms Division Section Introduction
2
Understand the structure of Room Division P&L
3
Understand Room Division P&L Part 2
4
Rooms Revenue – General Overview
5
Rooms Revenue – Key Drivers Quantity
6
Room Revenue – Key Driver – Value
7
Room Revenue Segmentation – FITs
8
Room Revenue Segmentation – Groups
9
Room Revenue – Package Elements
10
Barter & Loyalty Program Deals
11
How to Analyse Hotel Revenue
12
Horizontal Analysis
13
Vertical Analysis
14
Revenue Analysis – Simplified
15
Marketing and Operating Reports for Hotel’s Revenue Analysis
16
Nationality Report
17
Booking Lead period
18
Upselling & Upgrades
19
Market Bench Mark Report

Expenses in Room Division

1
Room Division Labour Cost
2
Labour cost Segmentation Management & Non Management
3
Labour cost Segmentation by Dept
4
Labour cost – Service Charge Distribution
5
Labour Cost – Other Components
6
Labour cost Analysis
7
Other Room Cost Items
8
Other Room Division Cost – Nature of Expenses
9
Room Division – Cross Division Charge

Analyse Divsion P&L

1
How to Analyse Room Profit & Loss Statement – Steps
2
Analysis Preparation Steps
3
Analysis of Variances & Ratios

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Enrolled: 1 student
Duration: 4 Hours
Lectures: 38
Video: 2.5 Hours
Level: Intermediate

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Analyze Hotel Financial Statements steps you must learn for Rooms Dept
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