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Hotel Overall Financial Statements and Restaurant Menu Pricing
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Hotel Overall Financial Statements and Restaurant Menu Pricing

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  • 4-5 Avg Hours
  • CPD Accredited
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Hotel Overall Financial Statements and Restaurant Menu Pricing

With this free online course, learn how to analyse hotel overall financial statements and set menu prices.
The hotel sector is a vital part of the broader service economy as it caters to consumers that require overnight lodging. However, hotels need to ensure profitability. This course delves into the hotel indust... The hotel sector is a vital part of the broader service economy as it caters to consumers that require overnight lodging. However, hotels need to ensure profitability. This course delves into the hotel industry and explores key revenue tools such as profit and loss statements, revenue management, expense control reports and menu pricing at restaurants. Do you want to control expenses and maximise profit? So why wait? Start learning today.
COURSE PUBLISHER Manish GuptaBusiness and financial consultant

What You Will Learn In This Free Course

  • Analyse the hotel financial reports...
  • Explain the basic concepts of accou...
  • Describe the hotel Profit and Loss ...
  • Evaluate the results of the market ...
  • Analyse the hotel financial reports, the Profit and Loss statements and their components
  • Explain the basic concepts of accounting like the ‘accrual basis’, the allocation of expenses and the prepayments
  • Describe the hotel Profit and Loss statements and horizontal, vertical and ratio analysis
  • Evaluate the results of the market benchmark report and the menu engineering report
  • Classify the menu items according to their popularity and profitability, reasons and the necessary actions
  • Analyse the segregation of labour cost and the segregation by department
  • Discuss the nature of expenses, productivity reports, ‘zero-base manning’ and cost management ideas
  • List the Profit and Loss analysis steps of the overall operation, the rooms division and the food and beverage division
  • Describe the quantitative and qualitative factors in pricing the menu
  • Estimate the need to raise prices and the required average guest spending by using MS Excel templates
  • Outline the operating and marketing reports, like the revenue by business, and guest nationality
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Learner Reviews & Feedback For Hotel Overall Financial Statements and Restaurant Menu Pricing

5
Nadine Feleciajackson G. Alison Graduate
loved this course
I really enjoyed this course because it teach me about the different ways of hotel finance and how the structure of the hotel lay out from foundation.
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Manish Gupta's Alison Stats

Manish Gupta's Alison Stats

64,235 Learners9 Courses393 Learners Benefited From Their Courses
Manish Gupta is an energetic, ambitious and results-oriented professional, offering more than 15 years of extensive experience in management, ope...Read More