Cost management and budgeting in the hospitality industry

Bag code: HUMTT3526021 Days: Two Time: 6 training hours Targeted participants: All hotel employees Program overview: This program revolves around cost management and budgeting in the hospitality industry (definition – types – characteristics – objectives – advantages – disadvantages... etc.) It will be presented through the following units: First training unit: Basics of hotel operations Second training unit: Hotel values Program objectives: - To enable the trainee to analyze budgets and financial planning in the hospitality industry - To familiarize the trainee with cost management and profitability improvement in hotels and tourism establishments - To show the trainee what is financial data analysis and preparing financial reports to improve the performance of tourism establishments - To understand the trainee how to manage budgets and plan financial resources - To realize the trainee how to analyze investments and manage debts and financing in the hospitality industry - To derive the trainee how to manage taxes and financial risks - To be aware of the trainee developing pricing strategies and managing customer relationships - To explore the trainee how to design and develop business models and innovation in the hospitality industry Program topics: First unit: (Basics of budgeting and financial planning) - Budget analysis and financial planning in the hospitality industry - Cost management and profitability improvement in hotels and tourism establishments - Financial data analysis and preparing financial reports to improve the performance of tourism establishments - Budget management and financial resource planning Second unit: (Investments and debt management) - Investment analysis and management of debts and financing in the hospitality industry - Tax management and financial risks - Developing pricing strategies and managing customer relationships - Designing and developing business models and innovation in the hospitality industry Contents of the package: - PowerPoint: 62 - Trainer guide: 51 - Trainee guide: 50 - Profile file: 4 - Activity kit: 2 - Mind maps: 1 - Photos: 10 - Videos: 2 - References: 4 - Trainee data form: 3 - Brochure: 1 Contents of the package: 11 Training package template Please click here to view the training package template