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.
Analyzing Financial Statements
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.
Strategic Financial Decision Making
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.
Technology and Future Trends in Hotel Finance
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.