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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.
Subscribe now and Share the love with others as well.
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
- Lecture 2 :
- Introduction to Hotel Operations
- 00:04:40
- Lecture 3 :
- Fundamentals of Accounting Concepts
- 00:03:20
- Lecture 4 :
- What is Allocation of Expenses
- 00:03:58
- Lecture 5 :
- What are Prepayments
- 00:02:23
- Lecture 1 :
- Key Terms Used in Hospitality
- 00:00:28
- Lecture 2 :
- Rooms Division Key Terms - Occupancy & Related Terms
- 00:06:42
- Lecture 3 :
- Room Division Key Terms ADR and Related Terms
- 00:06:15
- Lecture 4 :
- F&B Business - Key Quantity Drivers
- 00:07:36
- Lecture 5 :
- Food & Beverage Division - Key Revenue Terms
- 00:06:40
- Lecture 6 :
- What are various Revenue Segmentation - Transient Business
- 00:04:51
- Lecture 7 :
- Hotel Revenue Segmentation - Group Business
- 00:04:39
- Lecture 8 :
- F&B Revenue Segmentation Fundamentals
- 00:05:29
- Lecture 1 :
- Standard Profit & Loss Templates Prescribed by USALI for Lodging Industries V11
- 00:10:52
- Lecture 2 :
- Revenue Reports Analysis Fundamentals
- 00:05:08
- Lecture 3 :
- Horizontal Analysis in practice through Room Segment Analysis
- 00:06:36
- Lecture 4 :
- Vertical Analysis Explained via Room Segment Report
- 00:07:00
- Lecture 5 :
- Combined Analsysis Simplified - Market Segment Report
- 00:04:25
- Lecture 1 :
- Why you should know the Business Source
- 00:04:33
- Lecture 2 :
- Guest Nationality Report
- 00:04:27
- Lecture 3 :
- Booking Lead Period and Booking Pace Concepts
- 00:04:04
- Lecture 4 :
- Market Benchmark & Competitor Comparison Report
- 00:05:30
- Lecture 5 :
- Upselling & Upgrades
- 00:03:16
- Lecture 6 :
- Menu Engineering Report
- 00:07:42
- Lecture 1 :
- Labour Cost Basic Pay & Wages
- 00:05:00
- Lecture 2 :
- Labour cost - Service Charge
- 00:04:59
- Lecture 3 :
- Labour Cost - Other Components
- 00:03:21
- Lecture 4 :
- Labour cost Analysis
- 00:04:42
- Lecture 5 :
- Other Expenses and Control Reports
- 00:06:57
- Lecture 6 :
- Cost Management Ideas Part 1
- 00:05:33
- Lecture 7 :
- Cost Management Ideas - Part 2
- 00:04:57
- Lecture 1 :
- Profit & Loss Analysis Steps
- 00:05:46
- Lecture 2 :
- Room Division Profit & Loss
- 00:07:32
- Lecture 3 :
- F&B Profit & Loss Statement
- 00:06:49
Frequently Asked Questions
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How do i access the course after purchase?
Once you purchase a course (Single course or Subscription), you will be able to access the courses instantly online by logging into your account. Use the user name & password that you created while signing up. Once logged in, you can go to the "My Courses" section to access your course. -
Are these video based online self-learning courses?
Yes. All of the courses comes with online video based lectures created by certified instructors. Instructors have crafted these courses with a blend of high quality interactive videos, lectures, quizzes & real world projects to give you an indepth knowledge about the topic. -
Can i play & pause the course as per my convenience?
Yes absolutely & thats one of the advantage of self-paced courses. You can anytime pause or resume the course & come back & forth from one lecture to another lecture, play the videos mulitple times & so on. -
How do i contact the instructor for any doubts or questions?
Most of these courses have general questions & answers already covered within the course lectures. However, if you need any further help from the instructor, you can use the inbuilt Chat with Instructor option to send a message to an instructor & they will reply you within 24 hours. You can ask as many questions as you want. -
Do i need a pc to access the course or can i do it on mobile & tablet as well?
Brilliant question? Isn't it? You can access the courses on any device like PC, Mobile, Tablet & even on a smart tv. For mobile & a tablet you can download the Learnfly android or an iOS app. If mobile app is not available in your country, you can access the course directly by visting our website, its fully mobile friendly. -
Do i get any certification after completing the course?
Yes. Once you succesfully complete any course on Learnfly marketplace, you get a certiifcate of course completion emailed to you within 24 hours with your name & the Learnfly badge. You can definately brag about it & share it on your social media or with friends as one of your achievement. Click here to view the sample certificate Click Here
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For how long can i access my course after the purchase?
If you buy a single course, that course is accessible to you for a lifetime. If you go for a premium subcription, you can access all the courses on Learnfly marketplace till your subscription is Active. -
Whats the difference between Single Course Purchase & Go Premium option?
With Single Course Purchase, you only get an access of one single course. Whereas, with premium monhtly or annual subscription, you can access all the existing or new courses on learnfly marketplace. You can decide what option suits you the best and accordingly you can make your purchase. -
Is there any free trial?
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What is the refund policy?
We would hate you to leave us. However, if you are not satisfied, you can ask for a full refund within 30 days & we will be happy to assist you further.
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