Operations budgeting for the hospitality industry
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- At udemy.com you can purchase Operations budgeting for the hospitality industry for only $14.00
- The lowest price of Operations budgeting for the hospitality industry was obtained on November 13, 2025 5:05 pm.
Original price was: $34.99.$10.00Current price is: $10.00.
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Operations budgeting for the hospitality industry
Original price was: $34.99.$10.00Current price is: $10.00.
Description
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Operations budgeting for the hospitality industry
★★★★★
$14.00 in stock
Udemy.com
as of November 13, 2025 5:05 pm
Hotel management, budgetting and analyzing the financial results
Created by:
Jeroen Offergelt
Teacher business management, nutrition & personal trainer.
Teacher business management, nutrition & personal trainer.
Rating:4.41 (17reviews)
96students enrolled
What Will I Learn?
- What a budget is
- Who is responsible for setting up a budget
- The types of budgets
- Departmental budgets
- How to read a daily budget report
- The advantages and disadvantages of budgeting
- How to interpret increases and decreases according to the budget
- Use your budget as a guideline to optimize results
- How to analyze the actual results compared to the budget in detail
- Understand why having a budget is key in your establisment
- How sales volume plays a role
- How price management plays a role
- How all departments are responsible for each other
- How direct cost variance analysis works
- How labor cost variance analysis works
- How sales variance analysis works
- How to use variance analyses
Requirements
- Basic understanding of hotel and restaurant operations
- Basic understanding of percentages
- Basic understanding of math
- Patience to follow along with numbers, facts and figures
Target audience
- Hotel managers
- Tourism managers
- Restaurant managers
- Hospitality employees
- Department heads
- Finance managers
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