Hotel Management – Budgeting, Forecasting and Business Plan
Fundamentals of Hotel Revenue Forecasting, estimate hotel labour cost and expenses, Capital Expenditure budget
How to Budget and Forecast Hotel Revenue
What are various factors that affects forecasting
How to Forecast Labour Cost precisely
How to forecast Other hotel expenses
Concepts of Capital Expenditure budgets for hotels
Hotel Management Business Planning
Preparing Hotel budgets can be difficult task due to inexperience and lack of specific methodology
This hotel management short course is designed to give fundamentals and templates which can be used for understanding how to make revenue and expenses budget.
In this course you will learn.
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Steps in making hotel revenue and expenses budget
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How to Make revenue estimates
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How to analyse hotel labour cost and expenses.
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Capital Expenditure budget.
These concepts can also be applied by general businesses whenever they need to forecast and estimate future business.
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