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Welcome to the “Hotel Business Acumen Essentials+” online course. Whether you’re a student, new to the hospitality industry, or seeking to enhance your career, this program is designed to equip you with essential business acumen skills. In today’s competitive landscape, understanding the financial aspects and key performance indicators of the hospitality business is crucial for success. Through our two comprehensive modules, you’ll gain the knowledge and tools necessary to analyze financial statements effectively and utilize lodging metrics that truly matter. Join us on this self-paced learning journey and unlock the insights that will empower you to make informed decisions and contribute to your organization’s growth.
Using financial statements to determine action
- Understanding the basics of financial statements in the hospitality industry
- Analyzing balance sheets, income statements, and cash flow statements
- Identifying key financial ratios and performance indicators
- Interpreting financial data to make informed business decisions
Managing Business Priorities
- Introduction to key performance indicators (KPIs) in the lodging industry
- Analyzing occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR)
- Utilizing data-driven strategies to optimize revenue and profitability
- Implementing effective cost management practices
The “Hotel Business Acumen Essentials” course is ideal for a wide range of individuals looking to excel in the hospitality industry. This includes:
- Hospitality professionals seeking to enhance their business acumen skills and advance their careers
- Entrepreneurs planning to start their own hospitality business and requiring a solid foundation in business acumen
- Students and graduates pursuing a career in hospitality and eager to gain a competitive edge in the job market
No matter your background or experience level, this course provides the necessary knowledge and practical insights to thrive in the dynamic and challenging world of hospitality business.
Course Length
2 Modules followed by a course exam.
This course is split into two modules which you can complete in your own time and at your own pace. You may leave the course at any time and then resume when ready. Your access to the content lasts for one year from the date you enroll.
Format
100% online, delivered asynchronously.
You must complete the two modules in full before completing the 25-question exam. The passing grade for the exam is 80%. On successful completion of the exam, you will be presented with your course certificate.
The HBAE+ is now just $99 (regular price $125).
To register for this course, please click here. You can sign-up, pay your course fee, and gain access all from this page. Once you have access to the course dashboard you will be guided through the learning process.
For any questions or issues with sign-up, please email support@russellpartnership.com.
The Hotel Business Acumen Essentials program is brought to you by HSMAI and Russell Partnership Technology (RPT).
Russell Partnership Technology delivers hospitality development programs and simulations that focus on strategic management and skillset optimization. These programs are provided for the world’s leading hospitality companies and with hotel schools in 35 countries. Working across three global sectors, with over 200 national and international clients, Russell Partnership Technology delivers proprietary hospitality software solutions to the majority of the world’s leading hospitality companies and hotel schools.
