Details
Finance for Revenue Managers is designed for those working in revenue management roles who need to improve their understanding of business costs and margins in order to price effectively.
This course is suitable for newly appointed Revenue Managers in hotels seeking to improve their understanding of the hotels Profit and Loss account and the impact of revenue management strategies on profitability.
Participants should be working in roles associated with revenue management. No prior knowledge of finance and accounting is required.
Divided into six key topic areas, the course covers:
- Introduction to Finance for Revenue Managers
- Departmental and unit profit and loss accounts (based on the Uniform System of Accounts)
- Revenue strategies for accommodation, food and beverage etc.
- Cost structures including fixed and variable costs and breakeven point
- Pricing strategies and drivers of profitability
- KPI’s for the hospitality industry including REVPAR, TREVPAR and GOPPAR
Finance for Revenue Managers Flyer
This course can be tailored to the needs of your own organisation - contact us for more information at [email protected] or on ++ 44 (0) 1202 849691
The course provides the opportunity to learn more about hotel finance and the impact of pricing decisions on the bottom line. The learning outcomes for delegates from this course include:
- Understand the hospitality P & L account
- Improve understanding of the nature of business costs
- Calculation and interpretation of a range of hospitality business profitability measures
- Understand the relationship between cost and price.
‘Finance for Revenue Managers’ has been written by Debra Adams, author of the highly acclaimed textbook "Strategic Management Accounting for the Hospitality Industry" and Course tutor for the HOSPA Revenue Management Programmes The event is delivered over the course of one day by an experienced facilitator from arena4finance. The day is complete with course notes and refreshments and is supported by 14-days access to our online classroom.
Founded in March 2004, arena4finance specialises in the design and delivery of financial training and professional development for non-financial managers and career accountants.
Working with businesses of all sizes, both nationally and internationally, we are experienced in developing online and face-to-face courses and bespoke professional development programmes for businesses that want to improve their understanding of financial management and strategy; from understanding basic accounting through to working with profit and loss budgets, revenue forecasts and cash flows.
We are experienced in delivering financial awareness courses to a range of sectors including hospitality, construction, care home services, not for profit and restaurants & contract catering. Our current clients include Emirates Academy of Hospitality Management in Dubai, Institute of Hospitality, Jumeirah International, Whitbread, Les Roches Hotel School, Glion London, The University Caterers Organisation (TUCO) and Responsible Hospitality Partnership (RHP). arena4|finance has also been granted approved partner status with the Association for Public Service Excellence (APSE) to deliver courses on Food Cost Control and other finance topics. ...
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