HMM117: Hotel and Hospitality Economics & Financial Management

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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.


Course Learning Outcomes (CLOs)  

On completing the course, delegates will be able to –


CLO1 Formulate viable performant hotel and hospitality business models
CLO2 Deal more efficiently with budgeting and financial forecasting for hotels and hospitality organizations
CLO3 Critically assess and manage hospitality and hotel facility financial risk



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


Course Duration 3 days (this may be varied or customized to suit the client)




Course Delivery Approach

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 & Certification

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.



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