Who is it for?
Whether you are a Director, Manager or Supervisor, SpaFINANCE™ is an essential workshop for anyone who is responsible for managing spa revenue and profitability. This fast paced and highly interactive workshop will provide you with the key financial tools to run your spa profitably.

What will I learn?
During this workshop you will learn how to:

• Identify and explain financial terminology in the spa and hotel environment
• Calculate key financial ratios and benchmark your spa against industry standards
• Read, analyse and interpret financial statements
• Assess the financial wellness of your business
• Set financial targets and key performance indicators
• Analyse variances against targets and identify corrective actions to take
• Identify the key drivers behind sales, costs and margins
• Calculate break even, return on investment and pay back periods to support your financial decisions
• Apply yield management tools to maximise profitability in high demand situations

• Taking ownership - your role in managing financial matters
  
• Financial terminology - talking the talk!
  Ratios
• Calculating and monitoring key financial ratios and statistics
• Analysing ratios and statistics to take corrective action

Spa financial statements and data

• Profit and loss statements - structure and terminology
• Reading and interpreting financial data and analysing variances
• Using financial data to achieve business targets

Making financial decisions for your spa

• Contribution margin
• Break even analysis
• Return on Investment
• Payback period
  

• Inventory turnover and control
• Making inventory decisions

Spa business planning

• Creating budgets
• Predicting cash flow
• Forecasting revenues and profits

Managing your spa’s business performance

• Key Performance Indicators
• Benchmarking your business
• Applying yield management techniques
  

What is included?

• The workshop fee includes:
• All course materials
• Pre course project briefings
• Post course project and support
• Urban Healing certificate of attendance
• Two daily wellness breaks and a healthy lunch
• Two trainers during the duration of the workshop
• All course materials, including CDs

Your facilitators
Your SpaFINANCE™ Trainers are Alison Snelling and Dieter Buchner who bring a wealth of experience of the spa and wellness industry along with leadership development expertise gained in spa, wellness, hospitality and retailing. Read more about Dieter and Alison in Urban Healing people.

Your place or ours?
This workshop works effectively as an in-house programme, which can be tailored to the specific needs and learning objectives of spa and wellness managers in your business. In house training is an effective alternative and costs less than you think. Workshops can be delivered at your premises and the solution will fit your organisation exactly.

Your next step
Email your contact details to dieter@urbanhealing.net. We will give you a call back for an informal discussion or to answer any queries.

Alternatively you can register directly for SpaFINANCE™ by downloading the booking form and send the completed and signed form as a scanned document via e-mail to info@urbanhealing.net

Location
Imperial Queens Park Hotel

The Imperial Queen's Park Hotel is perfectly suited for both business and leisure travelers to Bangkok. The impressive 37-storey hotel comprising two towers has over 1,250 well-appointed guest rooms, a choice of seven restaurants, a spa and numerous recreation facilities and is centrally located on world-famous Sukhumvit Road near the skytrain, a luxurious shopping complex and Queen Sirikit National Convention Centre.

The workshop fee of THB 17,500 plus 7% VAT includes lunch and two wellness breaks per day and all course materials.

We offer a special workshop fee of THB 12,500 for members of spa associations that participate in the Asia Pacific Spa and Wellness Coalition.

To register please complete the download registration form and send a signed copy via fax to 02 439 53 05 or a scanned in copy to info@urbanhealing.net