Analyse and interpret hotels overall financial statements
3.3 (6 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
31 students enrolled

Analyse and interpret hotels overall financial statements

Hotel management Course- Understand how to read and analyse hotel financial performance step by step and and take action
3.3 (6 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
31 students enrolled
Last updated 12/2019
English
English [Auto]
Current price: $104.99 Original price: $149.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 3 hours on-demand video
  • 2 articles
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
Training 5 or more people?

Get your team access to 4,000+ top Udemy courses anytime, anywhere.

Try Udemy for Business
What you'll 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
Requirements
  • Some hotel industry experience
Description

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.


Subscribe now and Share the love with others as well.

Who this course is for:
  • Hotel Management Students
  • Hotel Executives
  • Hotel Managers & Supervisors
Course content
Expand all 36 lectures 02:58:28
+ Key Terms Used in Hospitality
8 lectures 42:38
Key Terms Used in Hospitality
00:28
Rooms Division Key Terms - Occupancy & Related Terms
06:42
Room Division Key Terms ADR and Related Terms
06:15
F&B Business - Key Quantity Drivers
07:36
Food & Beverage Division - Key Revenue Terms
06:40
What are various Revenue Segmentation - Transient Business
04:50
Hotel Revenue Segmentation - Group Business
04:38
F&B Revenue Segmentation Fundamentals
05:29
In this assignment, You should identify the main Revenue segment of your hotel for room & FnB business and how does it affect your hotels other operating department Revenue.
What are your Hotels Main Revenue Segments?
1 question
+ Standard Templates and Analysis Fundamentals Steps
5 lectures 34:01
Standard Profit & Loss Templates Prescribed by USALI for Lodging Industries V11
10:52
Revenue Reports Analysis Fundamentals
05:08
Horizontal Analysis in practice through Room Segment Analysis
06:36
Vertical Analysis Explained via Room Segment Report
07:00
+ Revenue Management & Analysis Reports
6 lectures 29:32
Why you should know the Business Source
04:33
Guest Nationality Report
04:27
Booking Lead Period and Booking Pace Concepts
04:04
Market Benchmark & Competitor Comparison Report
05:30
Upselling & Upgrades
03:16
Menu Engineering Report
07:42
As a part of this assignment we will practice the marketing reports
Revenue Analysis Report
1 question
+ Expenses & Expense Control Reports
7 lectures 34:53
Labour Cost Basic Pay & Wages
05:00
Labour cost - Service Charge
04:59
Labour Cost - Other Components
03:21
Labour cost Analysis
04:42
Other Expenses and Control Reports
06:57
Cost Management Ideas Part 1
04:57
Cost Management Ideas Part 2
04:57
In this assignment you are required to identify which expenses in your hotel or department are having major impact and why.
Identify What Expenses matters in your hotel and are worth managing and why!
1 question
+ Overall Analysis
3 lectures 20:07
P&L Analysis Steps
05:46
Room Division P&L Analysis
07:32
F&B Division P&L Analysis
06:49
As a part of assignment you would need to apply all you learn in this course and submit a written assignment to us
P&L Analysis & Corrective Action Report
1 question
+ BONUS
1 lecture 00:39
BONUS LECTURE
00:39