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Industry

Hospitality Leadership Through Learning
Industry

Financial Management for Value Creation

Course Focus

The course will focus on defining and identifying value in a hotel, understanding value creation from the standpoint of the various stakeholders in a hotel, operational benchmarking, measuring an individual hotel’s value creation from the owner’s perspective and how to reallocate resources within a hotel to maximize the property’s ability to create value.

Key Benefits

Participants will understand the competing interests within a hotel and how to understand the concept of value creation from each one’s perspective. Participants will also learn how to measure the creation of value for a hotel as well as how to enhance the hotel’s ability to create value.

Topics Include:

  • Defining Value
  • Agency Conflict Issues within the Hotel
  • Value Measurement and Creation
  • How Hotels Create Value
  • Measuring Hotel Performance: Operational Benchmarking
  • Value to Owner (VTO) Analysis
  • Benchmarking to Improve VTO

Faculty

  • Steven Carvell, Ph.D., Associate Professor and Associate Dean for Academic Affairs