Mastering Hotel Financials

This comprehensive course equips learners with the essential knowledge and skills needed to excel in hotel financial management.

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Course curriculum

1. Segment 01 - Introduction to the instructor
2. Segment 02 - Basic Financial Terms
3. Segment 03 - Importance of Financial Metrics (Part-1)
4. Segment 04 - Importance of Financial Metrics (Part-2)
5. Segment 05 - Introduction to Operational Ratios
1. Segment 06 - Organizational Financial Structure
2. Segment 07 - Revenue Centers and Cost Centers
3. Segment 08 - Departmental Income Statements
4. Segment 09 - Sample Statements
1. Segment 10 - Income Audit Department (Part-1)
2. Segment 11 - Income Audit Department (Part-2)
3. Segment 12 - Cost Control Process and checks (Part-1)
4. Segment 13 - Cost Control Process and checks (Part-2)
5. Segment 14 - Compliance audits and role of finance
1. Segment 15 - Dynamic Pricing
2. Segment 16 - Yield Management and occupancy strategies
3. Segment 17 - Yield Management and occupancy strategies
4. Segment 18 - Total Profit Management (Shift from revenue to profitability)
1. Segment 19 - Balance Sheets (Part-1)
2. Segment 20 - Balance Sheets (Part-2)
3. Segment 21 - Income Statements
4. Segment 22 - Cash Flow Statements
1. Segment 23 - Key Performance Indicators (Part-1)
2. Segment 24 - Key Performance Indicators (Part-2)
3. Segment 25 - Industry Benchmarks (Part-1)
4. Segment 26 - Industry Benchmarks (Part-2)
5. Segment 27 -Analytical Techniques
1. Segment 28 -Budget Components
2. Segment 29 -Variance Analysis
3. Segment 30 - Forecasting Techniques
1. SSegment 31 - Zero based Budgeting and Forecasting
2. Segment 32 - Balancing Quality and Profitability
3. Segment 33 - Long-Term Viability of key decisions
1. Segment 34 - Evaluating Investment Opportunities
2. Segment 35 - ROI and Payback Period (Part-1)
3. Segment 36 - ROI and Payback Period (Part-2)
4. Segment 37 - Capital Expenditure Planning
1. Segment 38 - Expansion Strategies
2. Segment 39 - Mergers and Acquisitions
3. Segment 40 - Franchising and Licensing
1. Segment 41 - Emergency Fund Planning
2. Segment 42 - Crisis Response Strategies
3. Segment 43 - Crisis Response Strategies
4. Segment 44 - Business Continuity Planning
1. Segment 45 - Cost Monitoring Techniques
2. Segment 46 - Operational Efficiencies
3. Segment 47 - Labor Cost Management (Part-1)
4. Segment 48 - Labor Cost Management (Part-2)
1. Segment 49 - Automation and AI (Part-1)
2. Segment 50 - Automation and AI (Part-2)
3. Segment 51 - Payment Technologies
4. Segment 52 - Data Analytics – Use Big data to make financial decisions
5. Segment 53 - Case Study - Rise of Robo Hotels
1. Segment 54 - Blockchain Technology
2. Segment 55 - Virtual Reality
3. Segment 56 - Sustainable Tourism
1. Segment 57 - Currency Risk
2. Segment 58 - Global Expansion Challenges
3. Segment 59 - Legal Compliance – Navigate difference in regulations
1. Segment 60 - Professional Development
2. Segment 61 - Financial Leadership Skills
3. Segment 62 - Networking Opportunities
4. Segment 63 - Your Ongoing Journey in Hotel Financials

About this course

Free
63 lessons
5.5 hours of video content

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Mastering Hotel Financials

Course curriculum

Module 1.1 - Financial Terminology and Concepts

Module 1.2 - Hotel Financial Structures

Module 1.3 - Key Hotel Finance Processes for Internal Controls

Module 1.4 - Revenue Management Strategies

Module 2.1 - Financial Statement Fundamentals

Module 2.2 - Performance Metrics and Benchmarking

Module 2.3 - Budget Analysis and Forecasting

Module 2.4 - Sustainable Financial Practices

Module 3.1 - Investment and Capital Planning

Module 3.2 - Financial Strategies for Growth

Module 3.3 - Crisis Management and Financial Resilience

Module 3.4 - Cost Control and Budgeting

Module 4.1 - Technology and Future Trends in Hotel Finance

Module 4.2 - Future Trends in Hotel Finance

Module 4.3 - Global Financial Considerations

Module 4.4 - Continuous Learning and Adaptation

About this course

Discover your potential, starting today