Analysis of Hotel Income Statements

You will learn:

• 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

CONTENT

Overview

• Hotels Operating Department & Cost Structure
• Hotels usual Operations Cycle and involvement of operating departments.

Accounting and Financial Reporting

• How Hospitality Industry is different from others,
• Uniform System of Accounting for Lodging Industry,
• Financial Reporting Package of Hospitality Industry and
• Grand Profit & Loss Statement.

Rooms Division Financial and Operating Report

• Understand the structure of Room Division
• What are the major revenue segment at your hotels and why?
• How to Analyse Hotel Revenue
• Marketing and Operating Reports for Hotel's Revenue Analysis
• Booking Lead period
• Room Revenue Analysis.

Expenses in Room Division

• Room Division Labour Cost
• Labour cost Segmentation Management & Non-Management
• Labour Cost Analysis
• Other Room Cost Items

Analysis of Divisional Rooms Profit and Loss Statement

• How to Analyse Room Profit & Loss Statement (Steps),
• Analysis Preparation Steps,
• Analysis of Variances & Ratios and
• Room Division P&L Analysis.

FOR WHOM:

Hotel Department Heads / Managers, Front Office Managers, Supervisors, Room Division Professionals.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.