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Analyse And Interpret Hotels Overall Financial Statements

Understand Profit & Loss statements, Operational & Marketing Reports for analysis and return maximisation.

Created by Manish Gupta, Last Updated 17-Dec-2019, Language:English

What Will I Get ?

  • 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.

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.

Who this course is for:

  • Hotel Management Students
  • Hotel Executives
  • Hotel Managers & Supervisors

Course Content

  • Introduction & Fundamentals 6 Lectures 00:16:29

    • Introduction

      Preview
      00:02:08

    • Free Resources

    • Introduction to Hotel Operations

      Preview
      00:04:40

    • Fundamentals of Accounting Concepts

      Preview
      00:03:20

    • What is Allocation of Expenses

      00:03:58

    • What are Prepayments

      00:02:23
  • Key Terms Used in Hospitality 8 Lectures 00:42:38

    • Key Terms Used in Hospitality

      00:00:28

    • .Rooms Division Key Terms - Occupancy & Related Terms

      00:06:42

    • Room Division Key Terms ADR and Related Terms

      00:06:15

    • F&B Business - Key Quantity Drivers

      00:07:36

    • Food & Beverage Division - Key Revenue Terms

      00:06:40

    • What are various Revenue Segmentation - Transient Business

      00:04:50

    • Hotel Revenue Segmentation - Group Business

      00:04:38

    • F&B Revenue Segmentation Fundamentals

      00:05:29
  • Standard Templates and Analysis Fundamentals Steps 5 Lectures 00:34:01

    • Standard Profit & Loss Templates Prescribed by USALI for Lodging Indust

      00:10:52

    • Revenue Reports Analysis Fundamentals

      00:05:08

    • .Horizontal Analysis in practice through Room Segment Analysis

      00:06:36

    • Vertical Analysis Explained via Room Segment Report

      00:07:00

    • Combined Analsysis Simplified - Market Segment Report

      00:04:25
  • Revenue Management & Analysis Reports 6 Lectures 00:29:32

    • Why you should know the Business Source

      00:04:33

    • Guest Nationality Report

      00:04:27

    • Booking Lead Period and Booking Pace Concepts

      00:04:04

    • Market Benchmark & Competitor Comparison Report

      00:05:30

    • Upselling & Upgrades

      00:03:16

    • Menu Engineering Report

      00:07:42
  • Expenses & Expense Control Reports 7 Lectures 00:35:29

    • Labour Cost Basic Pay & Wages

      00:05:00

    • Labour cost - Service Charge

      00:04:59

    • Labour Cost - Other Components

      00:03:21

    • Labour cost Analysis

      00:04:42

    • Other Expenses and Control Reports

      00:06:57

    • Cost Management Ideas Part 1

      00:05:33

    • Cost Management Ideas - Part 2

      00:04:57
  • Overall P&L Analysis 3 Lectures 00:20:07

    • Profit & Loss Analysis Steps

      00:05:46

    • Room Division Profit & Loss

      00:07:32

    • F&B Profit & Loss Statement

      00:06:49

Manish Gupta

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