Learn Hotel Budgeting and Forecasting Basics
If you are a hotel middle manager, one of your highest priorities is being able to budget your hotel revenue, expenses and profit. 90% of managers tend to budget and forecast incorrectly. Are You One? Fix it now.
Know Your Revenue, Expenses and Profit Well
Reading a Hotel Profit and Loss Statement is all about understanding revenue, expenses and profit, the three major components. How well do you know these components?
Revenue Triggers
Occupancy and Average Daily Rate are the two triggers that contribute to revenue. This is the first step in reading a hotel profit and loss statement .
Expense Triggers
Revenue cannot be generated without incurring expenses. Knowing expense behavior into Fixed and Variable is critical to generation of revenue.
Profit Triggers
Profit can be enhanced or reduced by revenue and expenses. However, knowing which and by how much are key to boosting the profitability of the hotel.
Get Your Budgeting In Order!
Are you frustrated at constantly falling short of your revenue and profit targets? Not to worry. Here are strategies that will get your budgeting and forecasting in full steam.
Simple and easy.
Hotel Budgeting and Forecasting Basics Course
for Hotel Middle Managers
Elevate your beginner hotel manager concepts to a higher level with this simple, non-technical introduction to how to budget revenue, expenses and profit without fuss or stress. Course is exclusively written for beginners.
About Your Course Mentor
Meet 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 hotel finance training by simplifying numbers for the benefit of his non-financial background colleagues. He founded Profits Masterclass first and then Financial Skills Academy with the philosophy of assisting managers and small business owners to Build Financial Skills, Knowledge and Ability in themselves.
His vision is for Financial Skills Academy PLUS to be the Complete Financial Learning Ecosystem for Hotel Middle Managers.
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.
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