Hotel, Hospitality & Finance Management Mastery Course Event, 21.Apr.2025

Course Description

This intensive 5-day course provides a comprehensive overview of financial management in the hospitality industry. Participants will gain practical skills in budgeting, revenue optimization, financial analysis, and strategic decision-making. The course combines theoretical concepts with real-world applications, preparing professionals for financial leadership roles in hotels and hospitality businesses.

Learning Objectives

• Understand key financial concepts and metrics specific to the hospitality industry
• Develop skills in creating and analyzing financial projections and budgets
• Learn effective cost management and revenue optimization strategies
• Gain proficiency in financial statement analysis and performance evaluation
• Understand investment appraisal techniques for hospitality projects
• Develop strategic financial management skills for hospitality businesses

Course Modules

Day 1: Fundamentals of Hospitality Finance

• Introduction to hospitality financial management
• Key financial statements in the hospitality industry
• Uniform System of Accounts for the Lodging Industry (USALI)
• Hospitality accounting principles and practices

Day 2: Budgeting and Forecasting

• Budgeting process and techniques for hotels
• Revenue forecasting methods
• Cost structure analysis and management
• Capital budgeting for hospitality projects

Day 3: Revenue Management and Optimization

• Principles of revenue management in hospitality
• Pricing strategies and yield management
• Channel management and distribution costs
• Upselling and ancillary revenue optimization

Day 4: Financial Analysis and Performance Evaluation

• Ratio analysis for hospitality businesses
• Benchmarking and competitive set analysis
• Profitability analysis by department
• Valuation methods for hospitality assets

Day 5: Strategic Financial Management

• Investment appraisal techniques
• Risk management in hospitality finance
• Working capital management
• Financial strategies for growth and expansion

Practical Wins for Participants

• Ability to create and analyze comprehensive hotel budgets
• Skills to implement effective revenue management strategies
• Proficiency in evaluating hotel financial performance
• Capability to make data-driven financial decisions in hospitality contexts