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.
|Week 1||Planning & the planning process
Putting the plan together
Managing the planning process
Metrics and benchmarking for hotels
Competitor analysis and STR reports
|Week 3||Operations budgeting and forecasting
|Week 4||Cash management
|Week 5||Final assessment|
Examine the three intersecting areas of the hospitality financial landscape:
- Financial Statements Analysis
- Budgeting and Forecasting
- Advanced Corporate Finance
For robust decision-making and financial planning, it is essential to analyze operating and financial performances. The ability to interpret financial statements and key performance indicators (KPIs) is the heart of hotel financial analysis.