Professional Hotel Accountancy
Implementing professional hotel accountancy practices based on "The Uniform System of Accounts for the lodging Industry"
This course is designed for Assistant General Managers, Heads of Departments, Assistant Heads of Department and Management Trainees.
Seminar Goals
The participants will learn the principles of professional hotel accountancy. They will receive an insight into the economic relationships of the entire business. Indices and checklists introduced during the course enable the participant to use and convert the acquired knowledge profitably, back in their own operations.
Duration: 2 Days
Seminar Topics
- Determining the profitability of a hotel
The cost of building a hotel verses the return on investment - Introduction to the “Uniform System of Accounts for the Lodging Industry”
Departmental revenue and cost, operational profit (profit centres)
Lodging, food and beverage and other operating departments
Functional departments (cost centres)
Repair and Maintenance, Marketing and Sales, Administration
Energy
“Gross Operating Profit” (GOP) and “Net Operating Profit” (NOP) - International benchmarks
Food-cost, staff-cost etc. - Practical calculations
Cost percentage
Food cost and sales profits, budgeting staff cost
Yield, revenue per available room, etc. - The “Break Even Point”
Calculation based on room-nights
Calculation based on price - The chances and challenges of outsourcing
Comparative calculation
Ensuring quality standards - Practical exercises with the IFH-model hotel
Find Out More
- Call 07799 767 326 or eMail us
