Financial Modelling in Hospitality

Available Dates

Dec-09-2024

Istanbul
Jan-13-2025

Istanbul
Feb-10-2025

Istanbul
Mar-10-2025

Istanbul
Apr-14-2025

Istanbul
May-12-2025

Istanbul
June-09-2025

Istanbul
July-14-2025

Istanbul
Aug-11-2025

Istanbul
Sep-08-2025

Istanbul
Oct-13-2025

Istanbul
Nov-10-2025

Istanbul
Dec-08-2025

Istanbul

Dates in Other Venues

Nov-18-2024

Paris
Nov-18-2024

Singapore
Nov-25-2024

London
Nov-25-2024

Amsterdam
Dec-02-2024

Dubai
Dec-02-2024

Barcelona
Dec-09-2024

Kuala Lumpur
Dec-16-2024

Singapore
Dec-16-2024

Paris
Dec-23-2024

London
Dec-30-2024

Dubai
Dec-30-2024

Barcelona
Dec-30-2024

Amsterdam
Jan-06-2025

Barcelona
Jan-06-2025

Dubai
Jan-13-2025

Kuala Lumpur
Jan-20-2025

Singapore
Jan-20-2025

Paris
Jan-27-2025

Amsterdam
Jan-27-2025

London
Feb-03-2025

Dubai
Feb-03-2025

Barcelona
Feb-10-2025

Kuala Lumpur
Feb-17-2025

Singapore
Feb-17-2025

Paris
Feb-24-2025

London
Feb-24-2025

Amsterdam
Mar-03-2025

Dubai
Mar-03-2025

Barcelona
Mar-10-2025

Kuala Lumpur
Mar-17-2025

Singapore
Mar-17-2025

Paris
Mar-24-2025

Amsterdam
Mar-24-2025

London
Apr-07-2025

Barcelona
Apr-07-2025

Dubai
Apr-14-2025

Kuala Lumpur
Apr-21-2025

Paris
Apr-21-2025

Singapore
Apr-28-2025

Amsterdam
Apr-28-2025

London
May-05-2025

Barcelona
May-05-2025

Dubai
May-12-2025

Kuala Lumpur
May-19-2025

Singapore
May-19-2025

Paris
May-26-2025

London
May-26-2025

Amsterdam
June-02-2025

Barcelona
June-02-2025

Dubai
June-09-2025

Kuala Lumpur
June-16-2025

Singapore
June-16-2025

Paris
June-23-2025

London
June-30-2025

Dubai
June-30-2025

Barcelona
July-07-2025

Dubai
July-07-2025

Barcelona
July-14-2025

Kuala Lumpur
July-21-2025

Singapore
July-21-2025

Paris
July-28-2025

Amsterdam
July-28-2025

London
Aug-04-2025

Barcelona
Aug-04-2025

Dubai
Aug-11-2025

Kuala Lumpur
Aug-18-2025

Singapore
Aug-18-2025

Paris
Aug-25-2025

Amsterdam
Aug-25-2025

London
Sep-01-2025

Barcelona
Sep-01-2025

Dubai
Sep-08-2025

Kuala Lumpur
Sep-15-2025

Paris
Sep-15-2025

Singapore
Sep-22-2025

London
Sep-29-2025

Dubai
Sep-29-2025

Barcelona
Sep-29-2025

Amsterdam
Oct-13-2025

Kuala Lumpur
Oct-20-2025

Singapore
Oct-20-2025

Paris
Oct-27-2025

Amsterdam
Oct-27-2025

London
Nov-03-2025

Barcelona
Nov-03-2025

Dubai
Nov-10-2025

Kuala Lumpur
Nov-17-2025

Singapore
Nov-17-2025

Paris
Nov-24-2025

Amsterdam
Nov-24-2025

London
Dec-01-2025

Dubai
Dec-01-2025

Barcelona
Dec-08-2025

Kuala Lumpur
Dec-15-2025

Singapore
Dec-15-2025

Paris
Dec-22-2025

London
Dec-29-2025

Amsterdam
Dec-29-2025

Dubai
Dec-29-2025

Barcelona

Course Details

In the hospitality industry, accurate financial management is crucial for making sound business decisions and maintaining profitability. Financial modeling helps hospitality professionals better understand their operations by providing a clear picture of revenue, expenses, and overall financial performance. These models allow for informed decision-making by offering insights into different scenarios, helping businesses plan for growth, manage costs, and improve long-term sustainability. The Financial Modelling in Hospitality course is designed to provide participants with the essential skills needed to develop and analyze financial models that directly address the unique challenges and needs of the hospitality sector.

Throughout the course, participants will gain practical experience with advanced Excel functions, learning how to structure data effectively for financial analysis and forecasting. The program will also cover important topics such as expense modelling, chart of accounts creation, and real-world financial analysis techniques. By mastering these areas, participants will be able to build financial models that enhance business decision-making and support ongoing financial health in their hospitality operations. This course is structured to ensure that attendees not only learn the theory behind financial modelling but also apply it in a way that is practical and relevant to their everyday professional challenges.

By the end of the Financial Modelling in Hospitality course, participants will be able to:

Understand the importance of financial modeling in hospitality and its applications
Utilize advanced Excel functions, formulas, and data analysis tools for financial modeling and analysis
Create and build effective financial models for making informed financial decisions
Design and build chart of accounts to meet business’s needs and classify accounts into categories
Integrate chart of accounts with financial models to enhance the accuracy of financial analysis and improve financial performance forecasts
Create detailed expense modeling which includes both fixed and variable costs
Master financial analysis and validation techniques such as break-even, scenario and sensitivity analysis

This course is ideal for professionals in the hospitality industry who are responsible for financial planning and analysis, as well as those looking to enhance their financial modeling skills. The course is designed for:

Finance Professionals in Hospitality
Hospitality Managers and Executives
Business Development Managers
Consultants and Advisors
Hospitality Entrepreneurs and Owners

Our courses in Istanbul take place at the following locations :

Once you register for this course, we will subsequently send the invoice and course information, including location, trainer, and other logistics.

Pay Attention, Please! The course location is subject to availability; the course time will be precise one week before the course start date! We may change the course location if there is no availability, and we will let you know about the location change once it happens.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Introduction to Financial Modelling in Hospitality

Definition of modeling and financial models
Discussing the importance and benefits of financial modeling in strategic decision-making
Discovering common financial modeling types
Exploring the applications of financial modeling in hospitality
Reviewing and analyzing financial statements specific to hospitality:

Income statements
Balance sheets
Cash flow statements

Advanced Excel Techniques for Financial Modeling

Advanced functions and formulas in Excel:

Array functions
Index-match
Conditional formulas

Data analysis tools:

Pivot Tables
Power Query

Steps of structuring models in Excel for clarity and usability
Understanding documentation and version control in financial models
Discussing best practices and common challenges in building financial models

Chart of Account Classification in Financial Modeling

Definition chart of accounts classification and its role in organizing financial data
Steps of designing charts and classifying accounts into major categories
Ways of linking chart of accounts with revenue and expense models
Using chart of accounts to improve financial performance forecasts and facilitate reporting
Best practices for regular update and maintenance of charts
Discussing the importance of documenting any changes in charts for effective financial management

Detailed Expense Modeling

Distinguishing between fixed and variable cost analysis
Steps of categorizing costs specific to hospitality operations
Labor cost modeling techniques:

Occupancy-based techniques
Service level-based techniques

Process of capital expenditure planning
Strategies for identifying areas of cost saving in hospitality

Financial Analysis and Valuation

Exploring various financial metrics
Exploring types of financial analysis:

Break-even analysis
Scenario analysis
Sensitivity analysis

Ways of conducting financial analysis
Discussing the pros and cons of each financial analysis approaches
Techniques for integrating sensitivity analysis and scenario analysis in financial models
Lesson learned and best practices

Financial Modelling in Hospitality

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Course Outline

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