HMM117: Hotel and Hospitality Economics & Financial Management

About this course
This intensive course has the following structure/outline –
Course Outline | ||||||||
Course Name/Title | Hotel and Hospitality Economics & Financial Management | |||||||
Course Number | HMM117 | |||||||
Who will benefit from attending? | This course is designed for –
· Senior, Mid-level and Junior Managers · Supervisory Staff · Project Managers · Team Leaders · Staff needing to hone their administrative skills
The course allows delegates to update their knowledge and learn new or improved techniques for a variety of formal work settings.
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Course Learning Outcomes (CLOs) |
On completing the course, delegates will be able to –
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Course Topics | Topics covered include | |||||||
· The economics of hotels and hospitality operations
· Economies of scale and economies of scope considerations for hospitality organizations · Hospitality business models · Hospitality microeconomic and macroeconomic issues · Demand classes and pricing models for hospitality · Costing Hospitality services · Accounting for Hospitality |
Day 1 | |||||||
· Cost tracing and cost allocation methods for hospitality
· Budgeting and financial forecasting for hospitality · Hospitality Cost Control considerations · Managing hotel sales and client relations · Strategic marketing issues for Hotel · Marketing intelligence for the Hotel sector · Enhancing brand reputation · Hospitality financial metrics, and economic KPIs for assessing value creation |
Day 2 | |||||||
· Hospitality econometrics; Productivity and cost function modelling
· Exploring the notion of scarcity of supply and revenues in hospitality ventures · Financial risk management for hospitality organizations · Worker/Client-centred services and activities · Entrepreneurship and Intrapreneurship issues · E-Strategies for hotel business growth · Planning and managing hotel events |
Day 3 | |||||||
Course Scheduling Information | ||||||||
Course Run Dates | Course timings to suit EMBT College Schedule and/or client requirements
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Course Duration | 3 days (this may be varied or customized to suit the client)
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The courses are delivered via instructor-led sessions. Emphasis is placed on the use of topical case studies and relevant simulations to impart practical knowledge and expertise. Sessions will involve a mix of instructor presentations and case study work, with supporting classroom discussions.
Assessment of performance will be through delegate-completed portfolio of work. The final course outcome is a college-issued Course Certificate of Completion which is also UK Ofqual-endorsed.