• Code: SMB3RB013D
• Extent: 4 ECTS (108 h)
• Timing: Semester 5.-6.
• Language: English
• Level:  Specialization studies
• Type: Professional Specialization Studies (PSS)

Prerequisites
Managing Hotel Business Operations course must be completed. This is part of the Professional Specialization Studies Hotel Management module. 

Learning outcomes
The student understands the global business models of hotel business and is capable of
 implementing them in a case situation.  The student also manages various business analyses.
 For example, the student is capable of calculating the proper price tag for an accommodation
business and to present his/her case to financers and other parties.

Upon completion of the course the student
• can interpret financial statements (profit and loss account and the balance sheet) and has a broad knowledge of how to implement them
• understands the economic thinking behind all business operations
• knows industry-related operational environments, networks and the boundary surfaces of the sector
• knows operational models and the inter-relationship between different divisions of the accommodation and restaurant business
• understands the economical and operational requirements of a business
• can analyze and assess business risks
• can perceive business operations on the short and long run according to the business plan

Course contents
• Hotel business models
• Operating an accommodation business in a changing environment
• Hotel real estate business
• Hotel cash-flow analyses
• Carrying out a feasibility study
• Managerial presentation of the case results

Cooperation with the business community and other organisations
During the course the students utilize real-life accommodation businesses and analyze their operational reality.

International
International hotel chains and global features in feasibility study are both under examination.

Teaching and learning methods

It is possible to complete the course based on classroom learning:

a) Classroom learning:
Lectures and Examination 56 h
Self-studies 52 h

Introduction, classroom learning, student group assignments and presentations, independent learning.

Teacher/s with the main responsibility for the course
Martti Palonperä, Haaga

Course materials
Handout material by the teacher
Independent material search by student groups

Assessment criteria

Managerial report and its presentation 100%
Participation and attendance