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  1. Courses
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  3. Mastering Hotel Financials

Mastering Hotel Financials

This comprehensive course equips learners with the essential knowledge and skills needed to excel in hotel financial management.

Manish Gupta
Manish Gupta
Finance | core | 4 hours |   Published: Dec 2023
In partnership with:  Coursera

    Discussions

Overview

1KSTUDENTS*
97.5%RECOMMEND*

This course includes:

  • 4 hours of on-demand video  
  • Certificate of completion  
  • Direct access/chat with the instructor 
  • 100% self-paced online 
In today's dynamic hospitality industry, mastering the financial aspects of hotel management is paramount for success. This comprehensive course equips learners with the essential knowledge and skills needed to excel in hotel financial management. From understanding financial jargon to optimizing revenue, controlling costs, and strategizing for hotel profitability, this course covers it all. Real-life examples and industry insights illuminate each lesson, ensuring learners can apply their newfound expertise immediately.  Main Takeaways and Outcomes: 
  • Acquire a solid foundation in hotel financial concepts and terminology. 
  • Learn to maximize revenue through effective room rate management. 
  • Understand the financial intricacies of food, beverage, and ancillary services. 
  • Gain the ability to control operating costs for improved profitability. 
  • Analyze financial statements and performance metrics to make informed decisions. 
  • Develop budgeting and forecasting skills to plan for a hotel's financial success. 
  • Explore sustainable financial practices that benefit both the hotel and the environment. 
  • Walk away with the expertise to assess a hotel's financial health and propose strategies for enhancement. 

Skills You Will Gain

hotel financial
Management
Strategizing

Learning Outcomes (At the end of this program you will be able to)

  • Remember: Define key financial terms and concepts used in hotel management. 
  • Understand: Explain the financial structures and processes within the hotel industry. 
  • Apply: Analyze real-life hotel financial scenarios and make informed decisions. 
  • Evaluate: Assess the financial health of a hotel and propose strategies for improvement. 

Prerequisites

This course is suitable for a wide range of individuals interested in the hospitality industry and hotel financial management. While no specific prerequisites are required, having a basic understanding of business concepts and financial terminology will be beneficial.

Who Should Attend

  • Aspiring Hotel Managers: Individuals aiming to enter the hospitality industry or climb the managerial ladder. 
  • Small Hotel Owners: Owners of boutique hotels or bed-and-breakfast establishments seeking to manage their finances effectively. 
  • Hospitality Students: Students pursuing degrees or certifications in hospitality management. 
  • Industry Enthusiasts: Anyone passionate about the hotel industry and eager to explore its financial intricacies. 

Curriculum

Instructors

Frequently Asked Questions

How much do the courses at Starweaver cost?

We offer flexible payment options to make learning accessible for everyone. With our Pay-As-You-Go plan, you can pay for each course individually. Alternatively, our Subscription-Based plan provides you with unlimited access to all courses for a monthly or yearly fee.

Do you offer any certifications upon completion of a course at Starweaver?

Yes, we do offer a certification upon completion of our course to showcase your newly acquired skills and expertise.

Does Starweaver offer any free courses or trials?

No, we don't offer any free courses, but we do offer 5-day trial only on our subscriptions-based plans.

Are Starweaver's courses designed for beginners or advanced students?

Our course is designed with three levels to cater to your learning needs - Core, Intermediate, and Advanced. You can choose the level that best suits your knowledge and skillset to enhance your learning experience.

What payment options are available for Starweaver courses?

We accept various payment methods such as major credit cards, PayPal, wire transfer, and company purchase orders. For more information related to payments contact customer support.

Do you offer refunds?

Yes, we do offer a 100% refund guarantee for our courses within a specified time frame. If you are not satisfied with the course, contact our customer support team to request a refund with your order details. Some restrictions may apply.

*Where courses have been offered multiple times, the “# Students” includes all students who have enrolled. The “%Recommended” shown is also based on this data.
1Module 1.1 - Financial Terminology and Concepts
2Module 1.2 - Hotel Financial Structures
3Module 1.3 - Key Hotel Finance Processes for Internal Controls
4Module 1.4 - Revenue Management Strategies
5Module 2.1 - Financial Statement Fundamentals
6Module 2.2 - Performance Metrics and Benchmarking
7Module 2.3 - Budget Analysis and Forecasting
8Module 2.4 - Sustainable Financial Practices
9Module 3.1 - Investment and Capital Planning
10Module 3.2 - Financial Strategies for Growth
11Module 3.3 - Crisis Management and Financial Resilience
12Module 3.4 - Cost Control and Budgeting
13Module 4.1 - Technology and Future Trends in Hotel Finance
14Module 4.2 - Future Trends in Hotel Finance
15Module 4.3 - Global Financial Considerations
16Module 4.4 - Continuous Learning and Adaptation

Segment 06 - Organizational Financial Structure

Segment 07 - Revenue Centers and Cost Centers

Segment 08 - Departmental Income Statements

Segment 09 - Sample Statements​

Segment 10 - Income Audit Department (Part-1)

Segment 11 - Income Audit Department (Part-2)

Segment 12 - Cost Control Process and checks (Part-1)

Segment 13 - Cost Control Process and checks (Part-2)

Segment 14 - Compliance audits and role of finance

Segment 23 - Key Performance Indicators (Part-1)

Segment 24 - Key Performance Indicators (Part-2)

Segment 25 - Industry Benchmarks (Part-1)

Segment 26 - Industry Benchmarks (Part-2)

Segment 27 -Analytical Techniques

Segment 19 - Balance Sheets (Part-1)

Segment 20 - Balance Sheets (Part-2)

Segment 21 - Income Statements

Segment 22 - Cash Flow Statements

Manish Gupta

Manish Gupta

Manish is a seasoned finance and business management professional with over 15 years of experience in the hospitality industry. As the Chief Financial Officer at Htoo Hospitality, he oversees operations across six destinations and 15 hotels, managing an inventory of over 800 rooms and a workforce of 1,500+. In addition to his CFO responsibilities, he also serves as the acting CEO and head of business, leading strategic initiatives, financial planning, and the post-COVID reopening of key hotels. His expertise includes implementing ERP systems, financial planning processes, and data visualization tools to optimize hotel performance and efficiency.

A passionate advocate for learning and development, Manish is the founder of eHotel Management School, an online platform offering over 30 courses in hospitality management. With a global student base of over 100,000, his mission is to empower one million professionals in finance, business management, and technology. He has also authored a comprehensive guide on budgeting and forecasting principles for hospitality and collaborates with platforms like Coursera and Alison as an instructor. Through his work, he continues to drive innovation, lean management, and knowledge-sharing in the hospitality sector, equipping professionals with the skills needed to thrive in a dynamic industry.

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SSegment 31 - Zero based Budgeting and Forecasting

Segment 32 - Balancing Quality and Profitability

Segment 33 - Long-Term Viability of key decisions

Segment 01 - Introduction to the instructor

Segment 02 - Basic Financial Terms

Segment 03 - Importance of Financial Metrics (Part-1)

Segment 04 - Importance of Financial Metrics (Part-2)

Segment 05 - Introduction to Operational Ratios

Segment 41 - Emergency Fund Planning

Segment 42 - Crisis Response Strategies

Segment 43 - Crisis Response Strategies

Segment 44 - Business Continuity Planning

Segment 49 - Automation and AI (Part-1)

Segment 50 - Automation and AI (Part-2)

Segment 51 - Payment Technologies

Segment 52 - Data Analytics – Use Big data to make financial decisions

Segment 53 - Case Study - Rise of Robo Hotels

Segment 57 - Currency Risk

Segment 58 - Global Expansion Challenges

Segment 59 - Legal Compliance – Navigate difference in regulations

Segment 45 - Cost Monitoring Techniques

Segment 46 - Operational Efficiencies

Segment 47 - Labor Cost Management (Part-1)

Segment 48 - Labor Cost Management (Part-2)

Segment 60 - Professional Development

Segment 61 - Financial Leadership Skills

Segment 62 - Networking Opportunities

Segment 63 - Your Ongoing Journey in Hotel Financials

Segment 38 - Expansion Strategies

Segment 39 - Mergers and Acquisitions

Segment 40 - Franchising and Licensing

Segment 54 - Blockchain Technology

Segment 55 - Virtual Reality

Segment 56 - Sustainable Tourism

Segment 28 -Budget Components

Segment 29 -Variance Analysis

Segment 30 - Forecasting Techniques

Segment 15 - Dynamic Pricing

Segment 16 - Yield Management and occupancy strategies

Segment 17 - Yield Management and occupancy strategies

Segment 18 - Total Profit Management (Shift from revenue to profitability)

Segment 34 - Evaluating Investment Opportunities

Segment 35 - ROI and Payback Period (Part-1)

Segment 36 - ROI and Payback Period (Part-2)

Segment 37 - Capital Expenditure Planning