Association for IT, Finance and Revenue Management professionals in the hospitality industry.
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Transcript of Association for IT, Finance and Revenue Management professionals in the hospitality industry.
Start your career in hospitality Finance or Revenue
Management with HOSPA!
Association for IT, Finance and Revenue Management professionals in the hospitality industry
Over 1,100 members
Helps develop careers, network and keep up-to-date with industry trends
Hospitality Professionals Association
Why a career in hospitality Finance or Revenue Management?
“Revenue Management is a rewarding discipline that
requires strong leadership, analytical and strategic skills”
Starwood Hotels & Resorts
“The future GMs in our business will be coming from Revenue
Management”
Robert Cook - CEO, De Vere Hotels and Village Urban Resorts
“Revenue Management emerged as one of the most sought after disciplines in
2013”
Paul Murray - Vice President Revenue Management, Hyatt Hotels & Resorts
“Being an accountant in the hospitality industry is far more
exciting than being an accountant in, say, a bank or insurance company”
Dilek Dikmen - Financial Controller, Park Inn Leigh
“A hospitality accountant is a very complete role, combining accounting skills with those of the industry.
It’s a very dynamic and challenging environment to work in”
Alberto Osorio Ruiz - Income Auditor, Hilton London Metropole
Our flexible, self-study programmes are studied in 3 separate stages over 18 months and earn a degree-level credit rating.
Education and Training Programmes
RevenueManageme
nt
Financial Manageme
nt
Financial Management Programme
Financial Manageme
nt
Stage 2:Operational Financial Management
Types of cost
Budget preparation and control
Cost information for decision making
Revenue Management
Presentation of information for
Breakeven and pricing techniques
decision making
Stage 1:Introduction to Financial
Management
Accounting concepts
Double entry book keeping
Trial balance
Profit and loss account, cash
Uniform System of Accounts
Internal audit and control
flow and balance sheet
and ledger accounts
Stage 3:Strategic Financial
Management
Strategic planning and forecasting
Sources of funds and capital
Ratios and the balanced scorecard
Control of working capital and
liquidity
expenditure analysis
Revenue Management Programme
RevenueManageme
nt
Stage 1:Introduction to Revenue
Management
Study skills & learning styles
Introduction to Revenue
Research skills
Data analysis techniques
Financial and commercial
E-commerce and distribution
Management
skills
channels
Stage 2:Operational Revenue Management
Operational strategies
Metrics and reports
Segmentation, mix and channel
Approaches to pricing
Forecasting, rate allocation and
Group management and
management
overbooking
inventory control
Stage 3:Strategic Revenue
Management
Managing the revenue function- people
Students specialise in an area of
choice
and systems
Why study with HOSPA?
Earn whilst you learnOur Revenue Management programme is accredited by Oxford Brookes University
The Financial Management course is accredited by the Open University...…and earns exemptions from CIMA’s
Certificate in Business AccountingImprove your earning potential and opportunity for career progression
Celebrate your success at our Annual Awards Lunch
Employers of our students include:
What our Students of the Year say
“The course has been of solid benefit to my role, and my knowledge of Revenue Management has increased significantly. I have recently been promoted to the role of Regional Revenue Executive for the London region and I am looking forward to further progressing within Whitbread and continuing to study with HOSPA to provide me with the skills and knowledge necessary to perform."
James Field- Regional Revenue Executive, Whitbread
HOSPA Outstanding Student of the Year in Revenue Management 2013
“The Jumeirah senior finance management highly value the HOSPA Financial Management course and my resort Director of Finance recommended and encouraged me to do the course and arranged for company sponsorship. At that time I was looking after Income Audit and general cashier sections. When I began studying, I was moved to take care of the Financial Accounting section where I was able to utilise my learning to its maximum potential.”
Chinthaka Periyapperuma- Assistant FinanceManager, Jumeirah Madinat, Dubai HOSPA Outstanding Student of the
Year in Financial Management 2013
What employers say
“I totally support the ETPFM [Educational Training Programme Financial Management]. It is the only financial training programme that is specifically designed for our industry, and my employees appreciate that it is 100% relevant to them. Acceptance on the programme is highly motivational and employees who have undertaken the course are always identified as high-potential colleagues. In addition, the benefit to Starwood Hotels & Resorts is clear to see as we have better trained employees who can understand the whole picture, rather than just their own job function.”
Patrick Divall – Area Director of Finance, Starwood Central London Hotels
“I put about 12 colleagues through the programme each year. They aspire to better positions and we have many colleagues who have continued on to
further study, such as CIMA. All in all, it is a great programme for Jumeirah. It is great for colleagues
with very few qualifications and it gives them a sense of belonging.”
Sylvia Matthews – VP Finance, Jumeirah Dubai
Benefits whilst studying
Complimentary membership of HOSPA Monthly copy of the members’ journal‘The Overview’
Networking opportunities at our members’ meetings…
…and at our annual conference and exhibition, HOSPACE
Access to the online classroom for specialist tutor support and EBSCO database
Email: [email protected]
Visit: www.hospa.org
Call: +44 (0) 1202 889430
Suite 6, Merley House Business CentreMerley House LaneWimborneDorsetBH21 3AA
As a graduate, you may be exemptfrom certain stages, so get in touch!