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HSMAI has partnered with Russell Partnership Technology to develop an online training and professional certification course in business acumen that is relevant, respected, and recognized. The CHBA (Certified in Hospitality Business Acumen) course content has met these criteria for over 4,000 professionals in live events in 40 countries.
Now more than ever it is essential that you know what contributes to the bottom line of your business, not only from your perspective, but from all departments. You have to demonstrate business acumen.
This five-week course with an instructor encompasses eLearning, simulation, and web conferencing and is completed entirely online, much of it at your own pace. The program places participants in the seat of a general manager to make decisions on pricing, marketing and advertising, staffing, and capital investment in a live simulated competitive set over a 12-month business cycle. The five-week course requires a minimum of 7 people enrolled together, and participants compete against each other for the most profitable hotel.
The CHBA certification is based on the online study provided with the course. Topic areas include: Targeting Business Priorities — Using financial statements to determine action Managing Business Priorities — Using lodging metrics that matter Leading Business Priorities — Communicating for results Partnering in Owner Priorities — Partnering in ownership goals
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