Hotel Budgeting & Forecasting for Finance Professionals course

By the end of the program, learners will be able to build disciplined financial plans, respond proactively to change, and support profitability through data-driven forecasting. Module 1 Foundations of Hotel Budgeting and Financial Planning Lesson 1 Introduction to Budgeting in the Hospitality Industry Lesson 2 Types of Budgets Used in Hotels Lesson 3 Budgeting Cycles and Timelines in Hotel Operations Lesson 4 Roles and Responsibilities in the Budgeting Process Lesson 5 Aligning Budgets with Hotel Strategy and Business Goals Module 2 Revenue Forecasting and Demand Planning Lesson 1 Understanding Demand Drivers in Hotel Forecasting Lesson 2 Forecasting Rooms Revenue and Occupancy Lesson 3 Forecasting Food, Beverage, and Ancillary Revenue Lesson 4 Short-Term, Medium-Term, and Long-Term Forecasting Lesson 5 Collaboration Between Revenue Management, Sales, and Finance Module 3 Expense Forecasting and Cost Planning Lesson 1 Forecasting Labor Costs in Hotel Operations Lesson 2 Forecasting Operating Expenses and Overhead Lesson 3 Variable, Fixed, and Semi-Variable Cost Behavior Lesson 4 Linking Cost Forecasts to Volume and Activity Levels Lesson 5 Managing Cost Assumptions and Inflation Risk Module 4 Variance Analysis, Rolling Forecasts, and Performance Review Lesson 1 Budget vs Actual Analysis in Hotel Finance Lesson 2 Identifying Root Causes and Performance Drivers Lesson 3 Rolling Forecasts and Reforecasting Practices Lesson 4 Financial Review Meetings and Management Reporting Lesson 5 Turning Forecast Insights into Corrective Action Module 5 Strategic Forecasting, Scenario Planning, and Financial Leadership Lesson 1 Scenario Planning and Sensitivity Analysis Lesson 2 Cash Flow Forecasting and Liquidity Management Lesson 3 Integrating Budgeting and Forecasting with Long-Term Strategy Lesson 4 Technology, Systems, and Data in Hotel Forecasting Lesson 5 Financial Leadership, Governance, and Accountability