InstructorManish Gupta
TypeOnline Course
Certificate% of quiz marks
PriceRs.6495Rs.699
Buy NowBook Now
    This course features
  1. Full lifetime access
  2. Certificate of Completion
  3. Access on Website and App
  4. Course Language: English
  5. Course Duration: 2:49:59
  6. No. of. Articles: 41

Description

A wide range of 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.

  • This course is designed to teach how to anlayse Hotel financial statements and with key terms used in operations.
  • After completing this course i am confident that you will be able to anlayse & 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 of your career as department manager which is managing the departmental P&L

In this unique and first in league online 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 hotel profit and loss statement for room division.

– Discuss the profit & loss templates prescribed by USALI

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

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 assignment personally and give you personalized guidance.

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

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

Requirements

  • No Prior knowledge of finance or hospitality industry is required, we would be covering the basics of hotel operation as well.
  • Need to have passion towards learning hospitality & Hotel Management
  • Willingness to dedicate few hours a week to Learn Hotel Management
Section 1Introduction
Lecture 1Hotels Operating Department & Cost Structure
Lecture 2Hotels usual Operations Cycle and involvement of operating departments
Section 2Accounting & Financial Reporting in Hospitality
Lecture 3How Hospitality Industry is different from others
Lecture 4Uniform System of Accounting for Lodging Industry
Lecture 5Financial Reporting Package of Hospitality Industry
Lecture 6Grand Profit & Loss Statement
Section 3Rooms Division Financial & Operating Reports
Lecture 7Rooms Division Section Introduction
Lecture 8Understand the structure of Room Division P&L
Lecture 9Understand Room Division P&L Part 2
Lecture 10Rooms Revenue - General Overview
Lecture 11Rooms Revenue - Key Drivers Quantity
Lecture 12Room Revenue - Key Driver - Value
Lecture 13Room Revenue Segmentation - FITs
Lecture 14Room Revenue Segmentation - Groups
Lecture 15Room Revenue - Package Elements
Lecture 16Barter & Loyalty Program Deals
Lecture 17How to Analyse Hotel Revenue
Lecture 18Horizontal Analysis
Lecture 19Vertical Analysis
Lecture 20Revenue Analysis - Simplified
Lecture 21Marketing and Operating Reports for Hotel's Revenue Analysis
Lecture 22Nationality Report
Lecture 23Booking Lead period
Lecture 24Upselling & Upgrades
Lecture 25Market Bench Mark Report
Section 4Expenses in Room Division
Lecture 26Room Division Labour Cost
Lecture 27Labour cost Segmentation Management & Non Management
Lecture 28Labour cost Segmentation by Dept
Lecture 29Labour cost - Service Charge Distribution
Lecture 30Labour cost - Other Components
Lecture 31Labour cost Analysis
Lecture 32Other Room Cost Items
Lecture 33Other Room Division Cost - Nature of Expenses
Lecture 34Room Division - Cross Division Charge
Section 5Analyse Divsion P&L
Lecture 35How to Analyse Room Profit & Loss Statement - Steps
Lecture 36Analysis Preparation Steps
Lecture 37Analysis of Variances & Ratios
Section 6Final Section
Lecture 38Bonus Lecture - Cost Management Ideas Part 1
Lecture 39Bonus Lecture - Cost Management Ideas Part 2
Lecture 40Thank You Very Much
Final Quiz

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