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Finance for Revenue Managers

As a Revenue Manager, it is essential to have a good understanding of the business revenues and costs and the impact of revenue management strategies on the overall profitability of the organisation.

This course is suitable for newly appointed Revenue Managers in hotels and other hospitality businesses seeking to improve their understanding of the business 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.

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Course Details

Divided into six key topic areas, the course covers:

  • Introduction
  • 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

This course can be tailored to the needs of your own organisation - contact us for more information at hello@arena4finance.co.uk or on +44 (0) 1202 849691

The Outcome

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.

On completion delegates will have the opportunity to complete an online assessment to earn a Certificate of Achievement.

Course Delivery

‘Finance for Revenue Managers’ is delivered over four 90 minute online seminars by an experienced facilitator from arena4finance. Taking a practical approach, the course is highly interactive with polls and quizzes and consists of a series of worked examples, case studies and discussions.

Other Information

For a quick overview of the course content download this Revenue Management ebook

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