Leadership, finance: How to use benchmarking to optimize performance and profits?

Step into the world of benchmarking - a dynamic framework that empowers hospitality leaders to excel through insights and innovation. Uncover the essence of benchmarking as a driving force for continuous improvement, propelling you to refine operations, elevate services, and outshine the competition.

12 Lessons
46 minutes
Intermediate
English
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Instructor

Hosdu Hospitality Education
Empowering your hospitality business with the innovative Hospitality Training Framework, Best Online Hospitality Training, Virtual Reality training sessions and Powerful Learning Management System

Curriculum for this course

Introduction
5 minutes
3 benchmarking pitfalls to avoid
2 minutes
Types of benchmarking
4 minutes
Benchmarking Process
3 minutes
The Bottom Line on Utility Costs
2 minutes
Utility Metrics Every Hotelier Should Measure
6 minutes
Benchmark Profitability: How Moving Beyond RevPAR Can Improve Your Bottom Line?
4 minutes
Steps 1, 2 and 3
4 minutes
Steps 4, 5 and 6
4 minutes
Why Flow-Through and Flex Analysis are Key Analysis?
3 minutes
Calculating Flow-Through and Flex
4 minutes
Test your knowledge!
0 sec

Description

Dive into the realm of benchmarking, a dynamic practice that fuels innovation through structured learning from others' experiences. Discover its fundamental characteristics - comparison-driven measurement, continuous enhancement, and systematic implementation - as a potent tool for growth and success. Join us as we unravel the diverse dimensions of benchmarking, its crucial role in the hospitality industry, and the array of approaches it offers to empower leaders and organizations to thrive i

Dive into the realm of benchmarking, a dynamic practice that fuels innovation through structured learning from others' experiences. Discover its fundamental characteristics - comparison-driven measurement, continuous enhancement, and systematic implementation - as a potent tool for growth and success. Join us as we unravel the diverse dimensions of benchmarking, its crucial role in the hospitality industry, and the array of approaches it offers to empower leaders and organizations to thrive in a competitive landscape.

What you will learn

Benchmarking
Metrics Measuring and Comparing
Flex and Flow-through Analysis