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Hotel Management School is an initiative to bring Hospitality management expertise to practicing hotel management staff and professionals. Traditional hotel management schools deals mostly with theoritical and book knowledge when it comes to practical hotel management aspects. we aim to bring real life hotel management situations to prepare staff and take up the challages by providing them professionaly crafted part term online hotel management courses.so that they can learn while working. Our hospitality courses are prepared by instructors having hands on experience in hotel management and training. We are committed to provide quality hotel management learning with practical assignments and related industry experience to our learners and followers.. Hotel Management employees always need to upgrade their skills for getting promotion and advancing their careers.

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Understand & Calculate Break-even Point for Hospitality

3765

Course Specialization : Finance & Hotel Development

Program Level : Short Program

Mode of Study : Online

Location : Yangon/Myanmar

Minimum Education Required: High School

Posted : 06 Dec 2024

Duration : 1 Hours

Website : Go To Website

Fees Details

Local Fees Details : USD 14

International Fees Details : USD 14

Description

What is the Breakeven Point (BEP)?

In accounting, the break-even point formula is determined by dividing the total fixed costs associated with production by the revenue per individual unit minus the variable costs per unit. In this case, fixed costs refer to those which do not change depending upon the number of units sold. Put differently, the breakeven point is the production level at which total revenues for a product equal total expenses.

As a simple equation it may be, practically its error-prone and very difficult to understand and interpret the results of break-even analysis. This course will explain the practical assumptions businesses need to make, sensitivity analysis of all assumptions, scenario planning to understand the impact of different business models.

We will also look at practical difficulties in calculating the breakeven points through a detailed model on the hospitality business. Though an example related to hotels, principals can be applied to all businesses.