HOTEL BUSINESS ACUMEN ESSENTIALS
- Start anytime
- Study anywhere
- Pathway to CHBA Certification
- Affordable
- US$99 for HSMAI Members
- US$125 for non-members
COURSE OVERVIEW
In today’s competitive landscape, understanding the financial aspects and key performance indicators of the hospitality business is crucial for success.
No matter your background or experience level, this course provides the necessary knowledge and practical insights to thrive in the dynamic and challenging world of hospitality business.
You will learn:
• Knowledge and tools necessary to analyze financial statements effectively
• How to utilize lodging metrics that truly matter
• How to make informed decisions that contribute to your organization’s growth
WHAT PAST PARTICIPANTS HAVE SAID
USING FINANCIAL STATEMENTS TO DETERMINE ACTION:
• Understanding the basics of financial statements in the hospitality industry
• Analyzing balance sheets, income statements, and cash flow statements
• Identifying key financial ratios and performance indicators
• Interpreting financial data to make informed business decisions
MANAGING BUSINESS PRIORITIES:
• Introduction to key performance indicators (KPIs) in the lodging industry
• Analyzing occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR)
• Utilizing data-driven strategies to optimize revenue and profitability
• Implementing effective cost management practices
• Hospitality professionals seeking to enhance their business acumen skills and advance their careers
• Entrepreneurs planning to start their own hospitality business and requiring a solid foundation in business acumen
• Students and graduates pursuing a career in hospitality and eager to gain a competitive edge in the job market
This course is 100% online and can be studied in your own time. You may leave the course at any time and then resume when you’re ready to start again.
It is split into two modules. You must complete the two modules in full before completing the 25-question exam. The passing grade for the exam is 80%. You may retake the exam if do not pass the first time.
Pricing:
- HSMAI Members US$99
- Non-Members US$125
Includes:
- Approx 2 hours online education
- Access to the course materials for 12 months so you can come back and review parts when you want to
- On successful completion of the exam, you will receive a certificate of completion from HSMAI and Russell Partnership
Created specifically for hoteliers by hoteliers, this course is brought to you through HSMAI’s partnership with Russell Partnership Technology (RPT).
Russell Partnership Technology delivers hospitality development programs and simulations that focus on strategic management and skillset optimization. These programs are provided for the world’s leading hospitality companies and with hotel schools in 35 countries. Working across three global sectors, with over 200 national and international clients, Russell Partnership Technology delivers proprietary hospitality software solutions to the majority of the world’s leading hospitality companies and hotel schools.
COURSE PARTNER
