Hotel Management Course - Analyse financial statements and performance

Understand hotel/s standard profit & Loss statements, how to read and analyse them. What supporting reports are required to understand and diagnose financial performance of the hotel.

Instructed by Manish Gupta

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  • Access to all courses
    You will be able to access all the courses from any category on the platform.
  • Learning paths access
  • Access Assignments & Projects
  • Access on Mobile, PC and Tablet
  • Pause & Resume Courses Anytime
  • Offline viewing
  • Instructor Support
  • Course Completion Certificates
Subscribe Now
  • Ability to read and understand hotel Financial Statements
  • Make sound financial decisions based on analysis
  • Analyse revenue and expenses
  • understand hotel statistics and terminology
  • understand Hotel P&L and how to analyse
  • ability to present variances in meetings

This Course will help you to become expert in hotel management by analysing hotel operational & financial performance with ease.

In our experience 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.

Why you should take this course

  • Learn how to anlayse 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 profitability of hotel and improve hotels profitability.

  • Give your Career a head start by learning one of they 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 understanding how to create impact through strategic decisions.

- Learn how to analyse 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.

 

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  • Basic Understanding of hotel operations
  • Hotel Operations Manager
  • Hotel management Students
  • Department heads of hotel operations
  • Supervisors who wish to upgrade knowledge and become managers
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Section 1 : Hotel Management - Overall Financial Performance Analysis

  • Lecture 1 :
  • Lecture 2 :
  • Introduction to Hotel Operations
  • Lecture 3 :
  • Fundamentals of Accounting Concepts
  • Lecture 4 :
  • What is Allocation of Expenses
  • Lecture 5 :
  • What are Prepayments

Section 2 : Terminology used in Hospitality Industry

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

Section 3 : Standard Formats and Analysis Framework

  • Lecture 1 :
  • Standard Profit & Loss Templates Prescribed by USALI for Lodging Industries V11
  • Lecture 2 :
  • Revenue Reports Analysis Fundamentals
  • Lecture 3 :
  • Horizontal Analysis in practice through Room Segment Analysis
  • Lecture 4 :
  • Vertical Analysis Explained via Room Segment Report
  • Lecture 5 :
  • Combined Analsysis Simplified - Market Segment Report

Section 4 : Supporting Reports and analysis for Revenue Segments

  • Lecture 1 :
  • Why you should know the Business Source
  • Lecture 2 :
  • Guest Nationality Report
  • Lecture 3 :
  • Booking Lead Period and Booking Pace Concepts
  • Lecture 4 :
  • Market Benchmark & Competitor Comparison Report
  • Lecture 5 :
  • Upselling & Upgrades
  • Lecture 6 :
  • Menu Engineering Report

Section 5 : Expenses and Control Reports

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

Section 6 : Overall P&L Analysis

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

Manish Gupta,

PROFILE & STRENGTHS   Result-oriented Hospitality professional, a qualified Chartered Accountant, offering +12 years of extensive experience in Accounts, Finance, Audit and Hotel Operations.    Hands on experience in Monthly Reporting, Budgeting, forecasts, P&L analysis and leading projects.    Strength in positive attitude and Top line growth approach towards business. Improving productivity and cost efficiencies without compromising quality.      PROFESSIONAL EXPERIENCE    Chief Financial Officer at Myanmar Treasure Hotel and Resort Group co Limited FInancial Controller and Senior Executive trainee at Shangri-La Hotel & Resorts, (Phillipines & Myanmar properties) ACADEMIC & PROFESSIONAL CREDENTIALS    Chartered Accountant – 2005 (Member of the ICAI) form Institute of Chartered Accountant of India    Company Secretary – 2005  from Institute of Company Secretaries of India    DISA (Diploma in Information System Audit) Supervisory Excellence (Online) & Business Leadership   form e-Cornell University      Strategic Leadership from Shangri-La Global University
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