Hotel management, budgetting and analyzing the financial results
What you'll learn What a budget is Who is responsible for setting up a budget The types of budgets Departmental budgets How to read a daily budget report The advantages and disadvantages of budgeting How to interpret increases and decreases according to the budget Use your budget as a guideline to optimize results How to analyze the actual results compared to the budget in detail Understand why having a budget is key in your establisment How sales volume plays a role How price management plays a role How all departments are responsible for each other How direct cost variance analysis works How labor cost variance analysis works How sales variance analysis works How to use variance analyses
Requirements Basic understanding of hotel and restaurant operations Basic understanding of percentages Basic understanding of math Patience to follow along with numbers, facts and figures
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FILE LIST
Filename
Size
~Get Your Files Here !/1 - Introduction/1 - Introduction.mp4
23.6 MB
~Get Your Files Here !/10 - The labor cost variant analysis part 1/38 - The labor cost variant analysis part1.mp4
6.5 MB
~Get Your Files Here !/10 - The labor cost variant analysis part 1/39 - Important for labor costs.mp4
101.2 MB
~Get Your Files Here !/10 - The labor cost variant analysis part 1/40 - The budget hourly rate.mp4
15.8 MB
~Get Your Files Here !/10 - The labor cost variant analysis part 1/41 - The actual hourly rate.mp4
4.6 MB
~Get Your Files Here !/10 - The labor cost variant analysis part 1/42 - The comparison of hourly rates wages.mp4
13.8 MB
~Get Your Files Here !/10 - The labor cost variant analysis part 1/43 - The budget labor cost.mp4
11 MB
~Get Your Files Here !/10 - The labor cost variant analysis part 1/44 - The actual labor cost.mp4
6.1 MB
~Get Your Files Here !/10 - The labor cost variant analysis part 1/45 - The comparison of labor costs.mp4
27.2 MB
~Get Your Files Here !/11 - The labor cost variant analysis part2/46 - The labor cost variant analysis part2.mp4
17.9 MB
~Get Your Files Here !/11 - The labor cost variant analysis part2/47 - The volume.mp4
22.2 MB
~Get Your Files Here !/11 - The labor cost variant analysis part2/48 - The cost price.mp4
12.7 MB
~Get Your Files Here !/11 - The labor cost variant analysis part2/49 - The efficiency cost.mp4
22.3 MB
~Get Your Files Here !/11 - The labor cost variant analysis part2/50 - The conclusion of the labor cost variant analysis.mp4
29.3 MB
~Get Your Files Here !/12 - The other departments in the hotel/51 - The other departments in the hotel.mp4
21.9 MB
~Get Your Files Here !/12 - The other departments in the hotel/52 - The banqueting department.mp4
55.6 MB
~Get Your Files Here !/12 - The other departments in the hotel/53 - The rooms division.mp4
72.9 MB
~Get Your Files Here !/12 - The other departments in the hotel/54 - The lounge bar.mp4
61.9 MB
~Get Your Files Here !/12 - The other departments in the hotel/55 - The budget in percentages.mp4
33.4 MB
~Get Your Files Here !/13 - The conclusion/56 - The conclusion.mp4
47.9 MB
~Get Your Files Here !/14 - Documents/57 - Banqueting-example.pdf
452.4 KB
~Get Your Files Here !/14 - Documents/57 - Complete-analyses.pdf
6.7 MB
~Get Your Files Here !/14 - Documents/57 - Examples.html
67 B
~Get Your Files Here !/14 - Documents/57 - Lounge-example.pdf
608.2 KB
~Get Your Files Here !/14 - Documents/57 - New-hotels-and-restaurants-overview.pdf
738 KB
~Get Your Files Here !/14 - Documents/57 - Rooms-example.pdf
1.2 MB
~Get Your Files Here !/14 - Documents/57 - The-daily-report.pdf
966.8 KB
~Get Your Files Here !/2 - The budget/2 - What is a budget.mp4
80.3 MB
~Get Your Files Here !/2 - The budget/3 - The advantages of a budget.mp4
138.7 MB
~Get Your Files Here !/2 - The budget/4 - The disadvantages of a budget.mp4
233 MB
~Get Your Files Here !/2 - The budget/5 - The timespan of a budget.mp4
60.4 MB
~Get Your Files Here !/2 - The budget/6 - The wishlist.mp4
83 MB
~Get Your Files Here !/2 - The budget/7 - Budget types.mp4
118.1 MB
~Get Your Files Here !/2 - The budget/8 - The budget committee.mp4
70.9 MB
~Get Your Files Here !/2 - The budget/9 - The budget cycle.mp4
75.5 MB
~Get Your Files Here !/3 - The budget forecast and statements/10 - The departmental income statement.mp4
86.5 MB
~Get Your Files Here !/3 - The budget forecast and statements/11 - The daily report.mp4
143.8 MB
~Get Your Files Here !/4 - Budget examples/12 - Rooms division.mp4
128.6 MB
~Get Your Files Here !/4 - Budget examples/13 - Food and beverage.mp4
47.6 MB
~Get Your Files Here !/4 - Budget examples/14 - Things to consider.mp4
112.6 MB
~Get Your Files Here !/4 - Budget examples/15 - A new hotel restaurant.mp4
79.4 MB
~Get Your Files Here !/4 - Budget examples/16 - A budget overview.mp4
62.8 MB
~Get Your Files Here !/5 - The variant analyses/17 - The variant analyses.mp4
69.1 MB
~Get Your Files Here !/6 - Before we start with the variance analyses/18 - What do we need.mp4
50.2 MB
~Get Your Files Here !/6 - Before we start with the variance analyses/19 - Why forecasting.mp4
56 MB
~Get Your Files Here !/6 - Before we start with the variance analyses/20 - Standardization of the budget.mp4
33.2 MB
~Get Your Files Here !/6 - Before we start with the variance analyses/21 - Why standardization.mp4
84.6 MB
~Get Your Files Here !/6 - Before we start with the variance analyses/22 - A simple example.mp4
45.7 MB
~Get Your Files Here !/6 - Before we start with the variance analyses/23 - The comparison.mp4
26.1 MB
~Get Your Files Here !/7 - The restaurant as an example for budgetting/24 - The variant analyses.mp4
66.3 MB
~Get Your Files Here !/7 - The restaurant as an example for budgetting/25 - The budget food cost.mp4
38 MB
~Get Your Files Here !/7 - The restaurant as an example for budgetting/26 - Before we start the calculations.mp4
38.2 MB
~Get Your Files Here !/7 - The restaurant as an example for budgetting/27 - Food budget and actual results.mp4
90.8 MB
~Get Your Files Here !/8 - The sales variant analysis/28 - The sales variant analysis.mp4
34.4 MB
~Get Your Files Here !/8 - The sales variant analysis/29 - The sales volume.mp4
33.5 MB
~Get Your Files Here !/8 - The sales variant analysis/30 - The spending power.mp4
35.8 MB
~Get Your Files Here !/8 - The sales variant analysis/31 - The conclusion of the sales variant analysis.mp4
92.6 MB
~Get Your Files Here !/9 - The cost variant analysis/32 - The cost variant analysis.mp4
21 MB
~Get Your Files Here !/9 - The cost variant analysis/33 - The sales overview.mp4
38.6 MB
~Get Your Files Here !/9 - The cost variant analysis/34 - The cost volume.mp4
40 MB
~Get Your Files Here !/9 - The cost variant analysis/35 - The cost of food price.mp4
42.4 MB
~Get Your Files Here !/9 - The cost variant analysis/36 - The cost of food usage.mp4
73.6 MB
~Get Your Files Here !/9 - The cost variant analysis/37 - The conclusion of the cost variant analysis.mp4