Hotel Budgeting & Forecasting

Enroll Brochure

About the program

In this program, 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

 

Enroll

Program Overview

  • Delivered Online
  • Length 5 weeks
  • Effort 8 - 10 hours/week
  • Language English
  • Level Intermediate
  • Prerequisite Hospitality experience
  • Price CHF 2,200
  • Certificate Certificate of Achievement

Certificate Sample

39
Lecture Videos
47
Executive Interviews
13
Interactive Exercises
29
Reading & Case Studies

Meet your instructor

 

philip-bacon-256px

Philip Bacon

Senior Lecturer
Finance