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- Instant access to 11,000+ online courses
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This plan includes
- Instant access to 11,000+ online courses
- Play & Pause Course Videos
- HD Video Recorded Lectures
- Learn on Mobile/PC/Tablet
- Quizzes and Real Projects
- Lifetime Course Certificate
- Instructor Chat Support
- Cancel Plan Anytime
What you'll learn?
- 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
Course Overview
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
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Learn how to anlayse Hotel financial statements and with key terms used in operations, cost management ideas.
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After completing this course you will become in analyzing & present your department's performance easily and professionally.
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You will be able to understand how your decisions affect profitability of hotel and improve hotels profitability.
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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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Pre-requisites
- Basic Understanding of hotel operations
Target Audience
- Hotel Operations Manager
- Hotel management Students
- Department heads of hotel operations
- Supervisors who wish to upgrade knowledge and become managers
Curriculum 34 Lectures 02:58:18
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Section 1 : Hotel Management - Overall Financial Performance Analysis
- Lecture 2 :
- Introduction to Hotel Operations
- Lecture 3 :
- Fundamentals of Accounting Concepts
- Lecture 4 :
- What is Allocation of Expenses
- Lecture 5 :
- What are Prepayments
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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
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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
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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
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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
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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
Our learners work at
Frequently Asked Questions
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