Hotel Financial
Online Course

Mastering Hotel Financials

In this online course, you will examine three intersecting areas of the hospitality financial landscape: financial statements analysis, budgeting and forecasting, and advanced corporate finance.



Week 1 to 5 Financial Analysis Statements:
- Financial reporting
- Focus on assets
- Focus on liabilities and shareholders’ equity
- Cash flow analysis
- Liquidity and solvency analysis
- Profitability analysis
- Costs and decision-making
- Final assessment
Week 6 to 10 Budgeting & Forecasting:
- Planning methodologies
- Managing the planning process
- Benchmarking
- Metrics and benchmarking for hotels
- Competitor analysis and STR reports
- Budget preparation
- Budgetary control
- Cash management
- Cash budgeting
- Final assessment
Week 11 to 15 Corporate Finance:
- Capital structure considerations
- Raising debt financing
- Raising equity financing
- Corporate valuation
- Mergers and acquisitions
- Private equity investing
- Risk management
- Final assessment


Learning Outcomes

Financial Analysis Statements

  • Translate transactions into financial statements
  • Review financial reporting process and standards
  • Build a cash flow statements and analyze company financials using ratios
  • Review ratio analysis, common-size analysis and cross-sectional analysis
  • Analyze profitability using EPS, margins, ROA, ROE ratios and hospitality related metrics


Budgeting & Forecasting

  • 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


Advanced Corporate Finance

  • Explain and critique corporate finance decisions
  • Analyze capital structure decisions and the process of raising debt and equity
  • Explain processes for hospitality mergers and acquisitions
  • Recognize drivers for investment into public and listed hospitality companies
  • Identify and manage key financial risks faced by hospitality companies


Who Should Join

This course is designed for hospitality professionals, hotel owners and finance professionals wishing to update their skills and learn about hotel financials.

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

  • Next intakes 15 August 2022
    9 January 2023
  • Length 3 x 5 weeks
  • Effort 8 hours / week
  • Course delivery Online
  • Language English
  • Price CHF 5,940
Lecture Videos
Executive Interviews
Interactive Exercises
Reading & Case Studies

Meet your instructors



Dr. Cédric Poretti

Assistant Professor, Accounting


Stéphane Haddad

Senior Lecturer


Philip Bacon

Senior Lecturer