Hotel Budgeting and Forecasting
In this online course, you will deep-dive into hotel competitive performance analysis, budgeting and business planning processes. You will learn to analyze performance using industry benchmarking tools, practice planning, budgeting and forecasting processes, and use these tools to estimate future performance and monitor variances between actual outcomes and projected ones.
Schedule
| Week 1 | Planning & the planning process Planning methodologies Putting the plan together Managing the planning process |
|---|---|
| Week 2 | Benchmarking Metrics and benchmarking for hotels Competitor analysis and STR reports |
| Week 3 | Operations budgeting and forecasting Budget preparation Budgetary control |
| Week 4 | Cash management Cash budgeting Capital budgeting |
| Week 5 | Final assessment |
Learning Outcomes
- Recognize hospitality industry analytics using the STR methodology
- Perform competitive analysis, market analysis and segmentation analysis
- Use data analysis to forecast future performance for a geographic market, a hotel category, or an individual property
- Describe the main reasons for budgeting and long-term business planning
- Distinguish between the different elements of a budget and a long-term business plan at the departmental, property, and corporate level
Who Should Join
This course is designed for hospitality professionals, hotel owners, finance professionals wishing to update their skills and learn about hotel budgeting & forecasting.
Course Advantages
- A learning manager moderates the course
- An online course accessible whenever and wherever
- Course content based on EHL’s MBA in Hospitality program
- A Certificate of Completion delivered and certified by EHL
Course overview
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Next intakes 3 October 2022
13 February 2023 -
Length 5 weeks
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Effort 8 hours / week
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Course delivery Online
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Language English
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Price CHF 2,200
SGD 2,560 (Subsidized price for Singaporean Citizens and Residents)
