COURSE DESCRIPTION:
Hotel Cost Control is an integral part of managing a hotel. In this course, we will be learning various Cost Control techniques that help hotels manage their food and beverage costs as well as other departmental costs to enhance profit.
Cost Control is a phased process which starts with setting standards, recording and measuring against those standards and recommending corrective actions to adjust costs.
This online program aims to teach learners the fundamentals of all Cost Control techniques with practical examples and control templates.
Key Objectives:
- Defining CAPEX & OPEX
- Efficient tagging & tracking
- Implementing & managing approval processes
Soft Skills:
- Ability to set up a CAPEX & OPEX Management Plan (Yearly: 5-10 years)
- Ability to properly manage and monitor CAPEX & OPEX
This course is for:
- Hotel Accountants
- Hotel Finance Team Members
- Hotel Financial Controllers
- Hotel Financial Managers
- Hotel Operation Managers
- Individuals at all levels in Admin
