Advanced business planning, simplified! Start your 15 day free trial now on https://modeliks.com/.<br />In this insightful video, we delve into the intricacies of hotel finance and explore how hotels actually make money through a well-structured financial model. Understanding the operational budgeting and financial planning aspects is crucial for anyone involved in hospitality investment. We'll walk you through the essential components of a hotel financial plan, including revenue forecasting, capacity planning, and risk assessment.<br /><br />Learn about the key metrics that drive hotel ROI and how financial modelling can help predict future performance. We'll also cover essential hotel financials and fiscal forecasting techniques. By the end of this video, you'll have a deeper understanding of the financial benchmarks and projection models that can lead to successful hotel management and profitability. Join us as we uncover the secrets behind effective hotel finances and make informed decisions that enhance operational finance. <br /><br />But what if you want to learn more on how to create a business plan? You can checkout our business plan example here: https://www.modeliks.com/industries/hospitality/hotel-business-plan-example-2<br /><br />Don't miss out on this opportunity to elevate your knowledge in the hospitality industry!<br /><br />Chapters<br />00:00 Intro <br />00:13 Revenue<br />07:21 Cost of Goods Sold (COGS)<br />10:48 Employees<br />12:35 Expenses<br />18:02 Assets<br />20:41 Financing <br />22:28 Taxes<br />23:37 Working Capital<br />27:42 Reports<br /><br />For more videos like this: Like, Share & Subscribe!<br /><br />Follow Modeliks:<br />Website: https://modeliks.com/<br />LinkedIn: https://linkedin.com/company/modeliks <br />YouTube: @Modeliks <br />Instagram: https://www.instagram.com/modeliks.software <br />Facebook: https://www.facebook.com/Modeliks.software/<br /><br />#financialplanning #businessplan #dashboard #financialreporting #pitchdeck
