Hotel Management - Budgeting, Forecasting and Business Plan

Description:

Preparing Hotel budgets can be difficult task due to inexperience and lack of specific methodology. This hotel management short course is designed to give fundamentals and templates which can be used for understanding how to make revenue and expenses budget.

In this course you will learn:

• Steps in making hotel revenue and expenses budget
• How to Make revenue estimates
• How to analyse hotel labour cost and expenses
• Capital Expenditure budget
• These concepts can also be applied by general businesses whenever they need to forecast and estimate future business.

Basic knowledge:

• Basic Understanding of Hotel operations

Hotel Operation Managers. Hotel Department heads. Hotel Owners to be able to challange budgets. Hotel Finance Staff.

Course Completion Certificate.

What will you learn:

• How to Budget and Forecast Hotel Revenue
• What are various factors that affects forecasting
• How to Forecast Labour Cost precisely
• How to forecast Other hotel expenses
• Concepts of Capital Expenditure budgets for hotels
• Hotel Management Business Planning

Simpliv LLC, a platform for learning and teaching online courses. We basically focus on online learning which helps to learn business concepts, software technology to develop personal and professional goals through video library by recognized industry experts or trainers.

Why Simpliv

With the ever-evolving industry trends, there is a constant need of the professionally designed learning solutions that deliver key innovations on time and on a budget to achieve long-term success.

Simpliv understands the changing needs and allows the global learners to evaluate their technical abilities by aligning the learnings to key business objectives in order to fill the skills gaps that exist in the various business areas including IT, Marketing, Business Development, and much more.