Concepts of Budgeting and Forecasting in Hotels and Hospitality Industries Online Training

  • Time

    10:00am - 3:00pm

  • End Date

    23 May, 2022 - 25 May, 2022

  • Price


Event Details

Participants will learn

  • Fundamentals of Budgeting
  • How Revenue is Forecasted
  • How Expenses are forecasted
  • How Capital Budgeting is Done
  • Labour Cost Budget Concepts



  • Introduction to Budget and Why we do budgets
  • Process of Budgeting
  • Revenue Forecasting & Budget (Rooms Division)
  • Revenue Budget & Forecasting (F&B and Other)
  • Prepare a Quick Budget Template and Play Around Scenarios
  • Labour Cost Budgeting
  • Budgeting for Other variable & Fixed Expenses
  • Budgeting for Capital Expenditure



Chief Accountant, Operations managers, Small Hotel Owners, Finance Managers / Asst Finance Managers, Non-Finance background managers.



The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.



1ST BATCH: 23rd – 25th May, 2022                       

2ND BATCH: 5th – 7th Sept, 2022

3RD BATCH: 5th – 7th Dec, 2022  

Other Dates

Start Date End Date
05 Sep, 2022 07 Sep, 2022
Start Date End Date
05 Dec, 2022 07 Dec, 2022
Start Date End Date
23 May, 2022 25 May, 2022

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