Understanding the Hotel P&L Account(BP001)
Tracking the performance and profitability of a hotel is key as this information tells us whether the hotel is performing at its best, or whether adjustments to strategy or cost control are needed.
Financial information can be daunting to some, and difficult to take in. This course breaks down the financial performance of the hotel in more detail to give you a broader understanding of the business performance, how to interpret this, and how you can influence the results for the better.
Key learning objectives:
Upon completion of this course, you should be able to:
- Read and understand a profit and loss account.
- Understand cost control within your area of responsibility.
- Spot trends.
- Communicate results to your team.
Who is this course for?
This course is suitable for non-finance members of the hotel team at any level, who would like to gain financial knowledge and an understanding of the business performance.
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