USALI 12th Edition Bundle: Practice & Hospitality Benchmarking Series

USALI 12th Edition - Practice

In this course on the USALI, the focus will be on how to use the USALI in managing an operation. For those who have taken the USALI 12th Theory Course, the format for the Practice will be similar.

In this course, the emphasis will be to:

• understand the applications of the operating statement and schedules and how to analyze them,
• apply the various reporting guidance, and
• calculate and use financial ratios, operating metrics, and optional schedules to compare and evaluate operational and financial performance of the property.

This certificate is organized into modules to cover all these areas in order to explain the concepts and provide practical application so that you can incorporate it into your daily, weekly or monthly analysis. Successful completion of this USALI course will just make your tool chest that much better equipped.

Hospitality Benchmarking Certificate

Operational benchmarking can provide the user with much information and answers to questions regarding the operation, such as:

• How profitable was the operation during the period compared to its forecast or budget?
• Were total revenues for the period maximized or were there missed opportunities?
• Did the hotel perform better than competitors in the same market?
• How profitable was the hotel compared to its Comp Set?

Once operational benchmarking is understood and practiced on a consistent basis, you will have a better understanding of the overall performance of the business. Having this knowledge base is important as it will provide insight when considering new strategies and improve the forecasting and budgeting process.