In the fast-paced and dynamic world of hospitality management, mastering the financial aspects of hotel operations is essential for success. "Hospitality Management: Foundations of Hotel Financials" is a comprehensive course designed to provide you with the knowledge and skills necessary to excel in hotel financial management. Whether you're an aspiring hotel manager, a small hotel owner, a hospitality student, or simply passionate about the industry, this course will empower you with the financial expertise required to make informed decisions and drive profitability in the hotel sector.
Mastering Hotel Financials
Gain insight into a topic and learn the fundamentals.
Beginner level
Recommended experience
8 hours to complete
3 weeks at 2 hours a week
Flexible schedule
Learn at your own pace
What you'll learn
Define key financial terms and concepts used in hotel management.
Explain the financial structures and processes within the hotel industry.
Analyze real-life hotel financial scenarios and make informed decisions.
Assess the financial health of a hotel and propose strategies for improvement.
Details to know
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Assessments
4 assignments
Taught in English
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There are 4 modules in this course
In this introductory module, learners will delve into the fundamental concepts and terminology essential for understanding hotel financial management. They will explore basic financial terms, the importance of financial metrics, and the principles of revenue management strategies.
What's included
15 videos5 readings1 assignment2 discussion prompts
In this module, learners will focus on analyzing financial statements commonly used in the hotel industry, including balance sheets, income statements, and cash flow statements. They will also explore performance metrics and benchmarking to evaluate a hotel's financial performance.
What's included
13 videos4 readings1 assignment2 discussion prompts
This module delves into strategic financial decision-making in the hotel industry. Learners will explore investment and capital planning, financial strategies for growth, crisis management, and cost control and budgeting.
What's included
12 videos4 readings1 assignment2 discussion prompts
In the final module, learners will examine the impact of technology on hotel finance, including automation, AI, payment technologies, and data analytics. They will also explore future trends such as blockchain, virtual reality, sustainable tourism, and global financial considerations.
What's included
15 videos4 readings1 assignment2 discussion prompts
Instructor
Offered by
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