Mastering Hotel Financials

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

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

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