Advanced business planning, simplified! Start your 15 day free trial now on https://modeliks.com/. In this insightful video, we delve into the intricacies of hotel finance and explore how hotels actually make money through a well-structured financial model. Understanding the operational budgeting and financial planning aspects is crucial for anyone involved in hospitality investment. We'll walk you through the essential components of a hotel financial plan, including revenue forecasting, capacity planning, and risk assessment.
Learn about the key metrics that drive hotel ROI and how financial modelling can help predict future performance. We'll also cover essential hotel financials and fiscal forecasting techniques. By the end of this video, you'll have a deeper understanding of the financial benchmarks and projection models that can lead to successful hotel management and profitability. Join us as we uncover the secrets behind effective hotel finances and make informed decisions that enhance operational finance.
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Don't miss out on this opportunity to elevate your knowledge in the hospitality industry!
Chapters 00:00 Intro 00:13 Revenue 07:21 Cost of Goods Sold (COGS) 10:48 Employees 12:35 Expenses 18:02 Assets 20:41 Financing 22:28 Taxes 23:37 Working Capital 27:42 Reports
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