Analyse and interpret hotels overall financial statements
Analyse and interpret hotels overall financial statements, available at $39.99, has an average rating of 4.25, with 36 lectures, based on 18 reviews, and has 81 subscribers.
You will learn about How to Analyse overall Hotel Financial Performance Read Hotel Financial Statements Analyse Hotel Profit & Loss Statements Analyse Hotel Revenue performance in details Analyse Hotel Cost and Take Corrective Actions Revenue Analysis of Hotel This course is ideal for individuals who are Hotel Management Students or Hotel Executives or Hotel Managers & Supervisors It is particularly useful for Hotel Management Students or Hotel Executives or Hotel Managers & Supervisors.
Enroll now: Analyse and interpret hotels overall financial statements
Summary
Title: Analyse and interpret hotels overall financial statements
Price: $39.99
Average Rating: 4.25
Number of Lectures: 36
Number of Published Lectures: 36
Number of Curriculum Items: 40
Number of Published Curriculum Objects: 40
Original Price: $129.99
Quality Status: approved
Status: Live
What You Will Learn
- How to Analyse overall Hotel Financial Performance
- Read Hotel Financial Statements
- Analyse Hotel Profit & Loss Statements
- Analyse Hotel Revenue performance in details
- Analyse Hotel Cost and Take Corrective Actions
- Revenue Analysis of Hotel
Who Should Attend
- Hotel Management Students
- Hotel Executives
- Hotel Managers & Supervisors
Target Audiences
- Hotel Management Students
- Hotel Executives
- Hotel Managers & Supervisors
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.
Course Curriculum
Chapter 1: Introduction & Fundamentals
Lecture 1: Introduction
Lecture 2: Free Resources
Lecture 3: Introduction to Hotel Operations
Lecture 4: Fundamentals of Accounting Concepts
Lecture 5: What is Allocation of Expenses
Lecture 6: What are Prepayments
Chapter 2: Key Terms Used in Hospitality
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
Chapter 3: Standard Templates and Analysis Fundamentals Steps
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
Chapter 4: Revenue Management & Analysis Reports
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
Chapter 5: Expenses & Expense 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
Chapter 6: Overall Analysis
Lecture 1: P&L Analysis Steps
Lecture 2: Room Division P&L Analysis
Lecture 3: F&B Division P&L Analysis
Chapter 7: BONUS
Lecture 1: BONUS LECTURE
Instructors
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Hotel Management School Your learning Partner
Professional Hotel Management courses for career development -
TA eHMS
Business Development at eHMS
Rating Distribution
- 1 stars: 2 votes
- 2 stars: 1 votes
- 3 stars: 4 votes
- 4 stars: 6 votes
- 5 stars: 5 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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