16th April 2018
More details coming soon!
HOTS is ideal for those in supervisory positions and above seeking to gain a better understanding of strategic decision-making in a hotel environment and the impact on financial performance.
Participants will have the opportunity to:
- Identify the current problems in the hotel and devise strategies to tackle them
- Develop and implement a business plan to achieve the targets set for the hotel
- Set policies and allocate resources on a monthly basis to ensure that the hotel’s targets and goals are met
- React appropriately to events in the market place
Extensive market research, as well as sales and financial reports passed on by the previous management, are available within the simulation to help participants in their decision-making and to provide an idea of the patterns of trade the hotel has recently experienced.
arena4finance is pleased to work with TUCO, the leading professional membership body for ‘in house’ caterers operating in the higher and further education sector. TUCO are committed to advancing the learning and developing of catering and hospitality teams, and work to provide quality standards, advice and information to those working in the sector.
TUCO is committed to driving the health and well-being agenda on behalf of its members, and is at the fore of sustainability best practice. The procurement team work to secure the best possible value in all framework agreements, demonstrated by purchasing volumes in excess of £100m per annum. For more information visit here.
arena4finance is licensed to offer HOTS courses for Universities and industry. Whilst working with leading subject matter experts, the participants will develop their knowledge of managing a large scale hotel operation over a simulated period of up to 2 years. This takes place over a period of 1 day in a classroom style session. The performance of the hotel is evaluated throughout using financial and non-financial factors in a balanced scorecard format, giving participants the opportunity to analyse the cause and effects of the decision-making process in a financially safe environment.
The tool has been designed so that participants have the opportunity to make decisions concerning:
- Strategy Planning
- Finance Operations
- Revenue Management
- Sales & Marketing
- Human Resources
- Customer Care
- Environmental Management
HOTS Business Simulation Flyer
To discuss how HOTS can be used in your business to develop financial awareness contact us for an informal discussion at firstname.lastname@example.org