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5 Real World Hotel KPI Scenarios - Flash Course
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Beginner
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FSA PLUS
1 Assessment, 50 Lessons
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5 Real World Hotel KPI Scenarios - Flash Course
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Learn why the PLUS factor in this course arms a hotel manager with real world hotel KPI scenarios they will come across in their own hotel operation.
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Throughout this flash course examples will be drawn from Paradise Hotel your course companion.
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KPIs are not just numbers for the accounting team; they are the live instrument panel of your operational vehicle. Ignoring them leads to under utilized revenue and leaked profit.
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Hotel Managers make the mistake of trying to focus on every KPI of the hotel. But, the secret to consistent success is to focus on the most impactful hotel KPIs.
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This Flash course will teach you as a hotel manager how to focus on the most impactful hotel KPIs. These will deliver the highest business results for you.
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Capacity in a hotel context is simply the rooms available per day.
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how do you arrive at rooms available per day and for a month?
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Rooms available tell you the highest number you can sell in a day.
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Occupancy in a hotel is simply the number of rooms sold or occupied in a day.
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Know how occupancy % is calculated for a hotel.
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Average Daily Rate in a hotel is simply the average revenue earned from every room sold or occupied.
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How is Average Daily Rate arrived at?
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This Flash course will teach you as a hotel manager what action you should take on the most impactful hotel KPIs. These will deliver the highest business results for you.
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This video highlights the illusion of consistency that many hotel managers fall for. The Reveal is shocking, so watch the video to the end.
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Hotel Managers often get carried away celebrating positive internal budget figures. But there is more to comparing performances. Discover why judging your success in a vacuum is a dangerous trap that could break your career.
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Comparing this month’s actuals to budget hides the real truth because budgets are mere estimates. Learn how to look past internal numbers to find out how you actually performed.
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Your hotel doesn't compete with the entire city. To stop a cash bleed, you must isolate the 4 to 5 direct competitors that can realistically take business away from you today.
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Stop treating the P&L like a steering wheel which it is not. Master the absolute gold standard metric that shatters the revenue illusion and reveals exactly who is winning the market war.
Registration Required
Put away the complex data. Learn the single binary baseline number that gives you instant situational awareness on whether your hotel is thriving or eating the dust.
Registration Required
No theories, no fluff. Take this exact 2-minute checklist into tomorrow morning’s briefing to confidently call out market trends, challenge assumptions, and protect your hotel's bottom line.
Registration Required
Registration Required
Hotel Managers often do not dig deep enough into financial figures. But you have to get to the root cause of hotel performance. Discover why not doing so is a dangerous trap that could break your career.
Registration Required
Comparing this month’s actuals to budget hides the real truth because budgets are mere estimates. Learn how to look past internal numbers to find out how you actually performed.
Registration Required
Your market segments represent your customer profiles. These are the ones who are patronizing your hotel and giving you revenue. To improve performance, you must identify these market segments on a daily basis.
Registration Required
Stop treating the P&L like a steering wheel which it is not. Master the absolute gold standard metric that shatters the revenue illusion and reveals exactly who is winning the market war.
Registration Required
Put away the complex data. Learn the single binary baseline number that gives you instant situational awareness on whether your hotel is thriving or eating the dust.
Registration Required
No theories, no fluff. Take this exact 2-minute checklist into tomorrow morning’s briefing to confidently call out market trends, challenge assumptions, and protect your hotel's bottom line.
Registration Required
Go through this video carefully. It encapsulates all you will learn in this module.
Registration Required
Hotel Managers often do not step back and take a big picture overview. Because, otherwise you will miss the forest for the trees. Discover why not doing so is a dangerous trap that could break your career.
Registration Required
Measuring revenue performance using just sold or occupied rooms hides the real truth. Because you never know what is the revenue potential. Learn how to look past inumbers to find out what revenue you can potentially achieve..
Registration Required
Your capacity or rooms available represent your revenue potential. They determine how much more revenue you can potentially achieve. To improve performance, you must identify the metric that measures this key element.
Registration Required
Stop treating the P&L like a steering wheel which it is not. Master the absolute gold standard metric that shatters the revenue achievement illusion and reveals exactly who can win the revenue potential and market war.
Registration Required
Put away the complex data. Learn the single binary baseline number that gives you instant situational awareness on whether your hotel is thriving or eating the dust.
Registration Required
No theories, no fluff. Take this exact 2-minute checklist into tomorrow morning’s briefing to confidently call out market trends, challenge assumptions, and protect your hotel's bottom line.
Registration Required
Registration Required
Hotel Managers often do not step back and take a big picture overview. Discover why not doing so is a dangerous trap that could break your career.
Registration Required
Measuring only revenue performance hides the real truth. Because you never know the measure for owner's return on investment. Learn how to look past revenue numbers to find out what return on investment is.
Registration Required
Your gross operating profit represents operational efficiency. They determine how efficient you were in revenue generation and expense management. To improve performance, you must focus on this metric that measures efficiency.
Registration Required
Stop treating the P&L like a steering wheel which it is not. Master the absolute gold standard metric that shatters the revenue achievement illusion and reveals exactly who can win the bottom line challenge.
Registration Required
Put away the complex data. Learn the single binary baseline number that gives you instant situational awareness on whether your hotel is thriving or eating the dust.
Registration Required
No theories, no fluff. Take this exact 2-minute checklist into tomorrow morning’s briefing to confidently call out market trends, challenge assumptions, and protect your hotel's bottom line.
Registration Required
Go through this video carefully. It encapsulates all you will learn in this module.
Registration Required
Hotel Managers often do not step back and take a big picture overview. Discover why not doing so is a dangerous trap that could break your career.
Registration Required
Measuring performance only with a budget hides the real truth. Because budgets are estimates and not achieved results. Learn how to look past estimates to find out what actual results are.
Registration Required
Your hotel owners expect consistent performance year on year. Are you tracking your progress based on that? To improve performance, you must have laser focus on this metric.
Registration Required
Stop treating the P&L like a steering wheel which it is not. Master the absolute gold standard metric that shatters the revenue achievement illusion and reveals exactly who can win the bottom line challenge.
Registration Required
Put away the complex data. Learn the single binary baseline number that gives you instant situational awareness on whether your hotel is thriving or eating the dust.
Registration Required
No theories, no fluff. Take this exact 2-minute checklist into tomorrow morning’s briefing to confidently call out market trends, challenge assumptions, and protect your hotel's bottom line.
Registration Required
Go through this video carefully. It encapsulates all you will learn in this module.
Registration Required
Knowledge is useless unless you apply it for results.
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About the teacher
Lakshmi Narasimhan Soundararajan
Right from the time he was in school, Lakshmi had a head for numbers. In fact, he says, numbers talk to him and tell him stories. At the same time, as he fashioned his career in the hospitality industry, he worked closely with colleagues who did not have a financial background. He saw them struggle with numbers and fear them.Lakshmi made up his mind there and then to commit his career to simplifying hotel financial courses for the benefit of his non-financial background colleagues. He founded Profits Masterclass first and then Financial Skills Academy PLUS with the philosophy of assisting managers to Build Financial Skills, Knowledge and Ability in themselves. His vision is for Financial Skills Academy PLUS to be the Complete Financial Learning Ecosystem.Lakshmi 's all time favorite historical figure is Leonard Da Vinci and in particular Da Vinci's love for simplicity. When founding Financial Skills Academy, Lakshmi based the value proposition for his hotel finance courses on three foundational principles: SIMPLE. NON-TECHNICAL. USABLE.
