How To Analyze Room Division Income Statement

Course

Online

£ 10 + VAT

Description

  • Type

    Course

  • Methodology

    Online

  • Start date

    Different dates available

A wide range of hotel management professionals in operations does not feel comfortable reading and presenting their department's financial performance due to lack of financial background & knowledge and training.Learn with us to understand, how to analyse Hotel financial statements and with key terms used in operations.
After completing this course i am confident that you will be able to analyse & present your department's performance easily and professionally.
You will be able to understand how your decisions affect profitability of hotel and improve hotels profitability.
Give your Career a head start by learning one of they key responsibilities of your career as department manager which is managing the departmental P&LIn this unique and first in league online course, we willDiscuss and understand key unique terms used in hotel management.
Understand definitions of revenue and expense heads.
Drill down all revenue and expenses to the deeper level to gain understanding how to create impact through strategic decisions.
Learn how to analyse the hotel profit and loss statement for room division.
Discuss the profit & loss templates prescribed by USALI
All terms explained are in compliance with Uniform system of accounting for lodging industries.Course is Unique in the sense that we focus on theory as well as practical assignments which i will be reviewing personally and guiding your learning ensuring that you achieve your objective of subscribing to this course. I will ensure that you excel in understanding your hotel management aspects as far as it relates to financial terms.Even though the course is online with no physical presence, assignments in this course will give you a change of personal interaction as i will review all assignment personally and give you personalized guidance.Subscribe now and Share the love with others as well.

Facilities

Location

Start date

Online

Start date

Different dates availableEnrolment now open

About this course

Ability to understand Hotel Operation structure
Understand Key terms used in hotel industry in very simple language
Read Profit & loss statement and other performance reports without prior knowledge of accounting
Present financial reports to Management
Analyse the Hotel financial statements and performance results and take strategic decisions

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Reviews

This centre's achievements

2021

All courses are up to date

The average rating is higher than 3.7

More than 50 reviews in the last 12 months

This centre has featured on Emagister for 4 years

Subjects

  • Financial Training
  • Industry
  • Financial
  • Marketing
  • Hotel Management
  • Hospitality
  • Market
  • Financial Reporting

Course programme

Introduction 3 lectures 07:06 Free Resources Free Resources Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Introduction 3 lectures 07:06 Free Resources Free Resources Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Free Resources Free Resources Free Resources Free Resources Free Resources Free Resources Free Resources Free Resources Free Resources Free Resources Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels Operating Department & Cost Structure Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Hotels usual Operations Cycle and involvement of operating departments Accounting & Financial Reporting in Hospitality 4 lectures 13:46 How Hospitality Industry is different from others How Hospitality Industry is different from others Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Grand Profit & Loss Statement Grand Profit & Loss Statement Accounting & Financial Reporting in Hospitality 4 lectures 13:46 How Hospitality Industry is different from others How Hospitality Industry is different from others Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Grand Profit & Loss Statement Grand Profit & Loss Statement How Hospitality Industry is different from others How Hospitality Industry is different from others How Hospitality Industry is different from others How Hospitality Industry is different from others How Hospitality Industry is different from others How Hospitality Industry is different from others How Hospitality Industry is different from others How Hospitality Industry is different from others How Hospitality Industry is different from others How Hospitality Industry is different from others Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Uniform System of Accounting for Lodging Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Financial Reporting Package of Hospitality Industry Grand Profit & Loss Statement Grand Profit & Loss Statement Grand Profit & Loss Statement Grand Profit & Loss Statement Grand Profit & Loss Statement Grand Profit & Loss Statement Grand Profit & Loss Statement Grand Profit & Loss Statement Grand Profit & Loss Statement Grand Profit & Loss Statement Rooms Division Financial & Operating Reports 19 lectures 01:26:00 Rooms Division Section Introduction Rooms Division Section Introduction Understand the structure of Room Division P&L Understand the structure of Room Division P&L Understand Room Division P&L Part 2 Understand Room Division P&L Part 2 Rooms Revenue - General Overview Rooms Revenue - General Overview Rooms Revenue - Key Drivers Quantity Rooms Revenue - Key Drivers Quantity Room Revenue - Key Driver - Value Room Revenue - Key Driver - Value Room Revenue Segmentation - FITs Room Revenue Segmentation - FITs Room Revenue Segmentation - Groups Room Revenue Segmentation - Groups Room Revenue - Package Elements Room Revenue - Package Elements Barter & Loyalty Program Deals Barter & Loyalty Program Deals Assignment 1- What are the major revenue segment at your hotels and why? Now that we understood briefly on revenue segments, i would like you to get revenue report from your hotel finance department and factually present the major segments of your hotels revenue. Please prepare a summary in the same format as shown in P&L and then analyse the ratio of business. How to Analyse Hotel Revenue How to Analyse Hotel Revenue Horizontal Analysis Horizontal Analysis Vertical Analysis Vertical Analysis Revenue Analysis - Simplified Revenue Analysis - Simplified Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Nationality Report Nationality Report Booking Lead period Booking Lead period Upselling & Upgrades Upselling & Upgrades Market Bench Mark Report Market Bench Mark Report assignment 2 Room Revenue Analysis This Assignment is to firm up your understanding in how to analyse the rooms Revenue Rooms Division Financial & Operating Reports. 19 lectures 01:26:00 Rooms Division Section Introduction Rooms Division Section Introduction Understand the structure of Room Division P&L Understand the structure of Room Division P&L Understand Room Division P&L Part 2 Understand Room Division P&L Part 2 Rooms Revenue - General Overview Rooms Revenue - General Overview Rooms Revenue - Key Drivers Quantity Rooms Revenue - Key Drivers Quantity Room Revenue - Key Driver - Value Room Revenue - Key Driver - Value Room Revenue Segmentation - FITs Room Revenue Segmentation - FITs Room Revenue Segmentation - Groups Room Revenue Segmentation - Groups Room Revenue - Package Elements Room Revenue - Package Elements Barter & Loyalty Program Deals Barter & Loyalty Program Deals Assignment 1- What are the major revenue segment at your hotels and why? Now that we understood briefly on revenue segments, i would like you to get revenue report from your hotel finance department and factually present the major segments of your hotels revenue. Please prepare a summary in the same format as shown in P&L and then analyse the ratio of business lysis Vertical Analysis Vertical Analysis Vertical Analysis Revenue Analysis - Simplified Revenue Analysis - Simplified Revenue Analysis - Simplified Revenue Analysis - Simplified Revenue Analysis - Simplified Revenue Analysis - Simplified Revenue Analysis - Simplified Revenue Analysis - Simplified Revenue Analysis - Simplified Revenue Analysis - Simplified Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Marketing and Operating Reports for Hotel's Revenue Analysis Nationality Report Nationality Report Nationality Report Nationality Report Nationality Report Nationality Report Nationality Report Nationality Report Nationality Report Nationality Report Booking Lead period Booking Lead period Booking Lead period Booking Lead period Booking Lead period Booking Lead period Booking Lead period Booking Lead period Booking Lead period Booking Lead period Upselling & Upgrades Upselling & Upgrades Upselling & Upgrades Upselling & Upgrades Upselling & Upgrades Upselling & Upgrades Upselling & Upgrades Upselling & Upgrades Upselling & Upgrades Upselling & Upgrades Market Bench...

Additional information

No Prior knowledge of finance or hospitality industry is required, we would be covering the basics of hotel operation as well Need to have passion towards learning hospitality & Hotel Management Willingness to dedicate few hours a week to Learn Hotel Management

How To Analyze Room Division Income Statement

£ 10 + VAT