Part of a YH programme at TUC Yrkeshögskola. This course cannot be applied for on its own. Programme code: HRMD20JÖN.
The Economics course gives you knowledge of economics and strategies for working cost-effectively in the hospitality industry, with a view to the role of Hotel & Restaurant Manager. You learn to work with key figures, budgets, budget targets, outcomes and action plans and to develop profitable businesses. The course gives in-depth knowledge of the financial flow and how to engage staff in financial thinking, as well as the link between guest satisfaction and profitability. The course is part of TUC's YH programme for Hotel & Restaurant Managers.
Duration: 20 weeks
Language: Swedish
Level: Intermediate
CSN-eligible
Time commitment: 20 YH credits, about 4 weeks of full-time study
The purpose of the course is to provide knowledge of economics and strategies for working cost-effectively during a possible low season, and to give insight into how a company in the hospitality industry develops based on economic and specific conditions in a competitive situation.
The goal of the course is for the student to gain the knowledge to develop profitable companies in the industry by working with key figures as well as budgets and budget targets, outcomes and action plans. Skills in analysing and following up budgets, forecasts and targets. In-depth knowledge of the financial flow, and of how to engage staff in a financial way of thinking. Understanding that customer satisfaction and profitability go together, and the importance of having control over supply and demand and in this way increasing the company's profitability.
The purpose of the course is to provide knowledge of economics and strategies for working cost-effectively during a possible low season, and to give insight into how a company in the hospitality industry develops based on economic and specific conditions in a competitive situation.
The goal of the course is for the student to gain the knowledge to develop profitable companies in the industry by working with key figures as well as budgets and budget targets, outcomes and action plans. Skills in analysing and following up budgets, forecasts and targets. In-depth knowledge of the financial flow, and of how to engage staff in a financial way of thinking. Understanding that customer satisfaction and profitability go together, and the importance of having control over supply and demand and in this way increasing the company's profitability.
What you will learn
What you learn.
You can work with key figures, budgets and budget targets in the hospitality industry.
You can analyse and follow up budgets, forecasts and targets.
You understand the financial flow and how to engage staff in financial thinking.
You understand the link between guest satisfaction and profitability.
You can help develop profitable companies in the hospitality industry.
Curriculum
How the course is built.
Key figures and budget
Working with key figures, budget targets and action plans.
Follow-up and forecasting
Analysing and following up budgets, forecasts and targets.
Financial flow and engagement
Engaging staff in financial thinking in the business.
Guest satisfaction and profitability
The relationship between guest satisfaction, supply/demand and profitability.
Target audience
Who is this for?
The course is aimed at you who are studying to become a Hotel & Restaurant Manager and want to develop financial skills for the industry.
What "verified" means here
Verified credential.
When you complete the course, TUC Yrkeshögskola issues your certificate. Your name, the course content and the issue date are encrypted and secured on blockchain, so it cannot be changed, and anyone can check that it is genuine.
100% Verifiable certificates Secured on blockchain
