{"id":14116,"date":"2026-03-01T12:42:52","date_gmt":"2026-03-01T10:42:52","guid":{"rendered":"https:\/\/www.eurosc.eu\/news\/cost-profitability-management-for-hospitality-executives\/"},"modified":"2026-04-07T14:33:55","modified_gmt":"2026-04-07T11:33:55","slug":"cost-profitability-management-for-hospitality-executives","status":"publish","type":"post","link":"https:\/\/www.eurosc.eu\/en\/event-en\/cost-profitability-management-for-hospitality-executives\/","title":{"rendered":"Cost &#038; Profitability Management for Hospitality Executives"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"14116\" class=\"elementor elementor-14116 elementor-14105\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-254478c e-flex e-con-boxed e-con e-parent\" data-id=\"254478c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9e87d60 elementor-widget elementor-widget-spacer\" data-id=\"9e87d60\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c89014 elementor-align-left elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"1c89014\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Register below<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bfd3b58 elementor-widget elementor-widget-spacer\" data-id=\"bfd3b58\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4d6b85 elementor-widget elementor-widget-text-editor\" data-id=\"f4d6b85\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Run a profitable hospitality business with knowledge, control, and confidence<\/h2><h3>A practical, hands-on seminar for <strong>managers, owners, and executives in the hospitality and food service industry<\/strong> who want to take full control of their costs, increase profitability, and build operationally resilient businesses.<\/h3><h3><span style=\"color: #1168b0;\">Purchasing &amp; Food Cost | Staff Management | Overhead &amp; Variable Expenses | Menu Design &amp; Pricing<\/span><span style=\"color: #1168b0;\"> | Profitability Analysis<\/span><\/h3><p><span style=\"color: #1168b0;\"><em>Subsidized Seminar by HRDA<\/em><\/span><\/p><h3>Why this seminar?<\/h3><p>The hospitality and food service sector faces significant and growing challenges. Rising raw material costs, combined with reduced consumer purchasing power, are squeezing margins across the industry. At the same time, difficulty recruiting skilled staff and high employee turnover continue to drive up labour costs.<\/p><p>In this demanding environment, sound operational management is a critical success factor. This programme equips hospitality executives with practical knowledge and proven tools to control costs, optimise day-to-day operations, and increase overall efficiency, so they can tackle industry challenges head-on and secure the long-term viability of their businesses.<\/p><div class=\"elementor-element elementor-element-9298c3a elementor-widget elementor-widget-text-editor\" data-id=\"9298c3a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\"><div class=\"elementor-widget-container\"><h3>Participation per person<\/h3><p>Total Cost of Participation: \u20ac195,00<\/p><p>Subsidy from HRDA: \u20ac140,00<\/p><p><span style=\"color: #1168b0;\">Net Cost of Participation:\u00a0<strong>\u20ac55,00<\/strong><\/span><\/p><p>Please fill out the\u00a0<strong>interest form below<\/strong>\u00a0and our team will contact you with all the details about the program and if you need any further assistance you can contact us directly at\u00a0<strong>22 420 110.<\/strong><\/p><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d521b4c e-con-full e-flex e-con e-child\" data-id=\"d521b4c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5240caf elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5240caf\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-248ecd5 elementor-tabs-alignment-center elementor-tabs-view-horizontal elementor-widget elementor-widget-tabs\" data-id=\"248ecd5\" data-element_type=\"widget\" data-widget_type=\"tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-tabs\">\n\t\t\t<div class=\"elementor-tabs-wrapper\" role=\"tablist\" >\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-3831\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-3831\" aria-expanded=\"false\">Programme<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-3832\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-3832\" aria-expanded=\"false\">Audience<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-3833\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-3833\" aria-expanded=\"false\">How you will benefit<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"elementor-tabs-content-wrapper\" role=\"tablist\" aria-orientation=\"vertical\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-3831\" aria-expanded=\"false\">Programme<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3831\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-3831\" tabindex=\"0\" hidden=\"false\"><p><span style=\"color: #1168b0;\"><strong>Purchasing &amp; Food Cost Management<\/strong><\/span><\/p><ul><li>Understanding your market and supplier landscape<\/li><li>Applying food cost percentage to your menu (per category)<br \/>Target purchase ratios based on your sales mix<\/li><li>Hidden costs in procurement and how to uncover them<\/li><li>Supplier management methods and negotiation basics<\/li><li>Importance of controls: weekly checks and goods-in inspection<\/li><\/ul><p>\u00a0<\/p><p><span style=\"color: #1168b0;\"><strong>Staff &amp; Labour Management<\/strong><\/span><\/p><ul><li>Criteria for hiring the right hospitality staff<\/li><li>Subsidised staffing and employment programmes available in Cyprus<\/li><li>The true cost of training new employees<\/li><li>Balancing full-time and part-time staffing effectively<\/li><li>Labour hours: tracking, reporting, and benchmarking performance<\/li><\/ul><p>\u00a0<\/p><p><span style=\"color: #1168b0;\"><strong>Variable Costs &amp; Equipment Management<\/strong><\/span><\/p><ul><li>Reducing energy consumption, electricity and gas solutions<\/li><li>Water management and conservation strategies<\/li><li>Equipment maintenance cost reduction techniques<\/li><li>Best-practice equipment usage by kitchen and front-of-house staff<\/li><\/ul><p>\u00a0<\/p><p><strong><span style=\"color: #1168b0;\">Menu Design &amp; Product Pricing<\/span><\/strong><\/p><ul><li>How menu design directly impacts labour cost, purchasing cost, and back-of-house efficiency<\/li><li>Product pricing strategies for profitability<\/li><li>Case study: investment failure caused by poor menu planning decisions<\/li><\/ul><p>\u00a0<\/p><p><strong><span style=\"color: #1168b0;\">Profitability Analysis<\/span><\/strong><\/p><ul><li>Monthly profit &amp; loss account: structure and how to read it<\/li><li>5 key metrics for monthly performance monitoring<\/li><\/ul><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-3832\" aria-expanded=\"false\">Audience<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3832\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-3832\" tabindex=\"0\" hidden=\"hidden\"><p data-start=\"269\" data-end=\"582\">This programme is addressed to hospitality professionals responsible<strong data-start=\"269\" data-end=\"582\"> for managing operations, controlling costs, and improving business profitability, including restaurant and caf\u00e9 owners, hotel and catering managers, supervisors, entrepreneurs, and decision-makers in the food service and hospitality sector.<\/strong><\/p><p data-start=\"269\" data-end=\"582\">*Self-employed individuals are\u00a0<strong>now eligible <\/strong>for the subsidy<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-3833\" aria-expanded=\"false\">How you will benefit<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3833\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-3833\" tabindex=\"0\" hidden=\"hidden\"><p>Upon completing the program, you will be able to:<\/p><ul><li>better understand the key cost drivers affecting hospitality operations<\/li><li>evaluate critical points in purchasing, staffing, and daily operations that impact profitability<\/li><li>properly plan and manage resources to improve efficiency and control expenses<\/li><\/ul><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-79f4294 e-con-full e-flex e-con e-child\" data-id=\"79f4294\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-12d1fb8 elementor-widget__width-inherit elementor-countdown--label-block elementor-widget elementor-widget-countdown\" data-id=\"12d1fb8\" data-element_type=\"widget\" data-widget_type=\"countdown.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-countdown-wrapper\" data-date=\"1779861600\">\n\t\t\t<div class=\"elementor-countdown-item\"><span class=\"elementor-countdown-digits elementor-countdown-days\"><\/span> <span class=\"elementor-countdown-label\">Days<\/span><\/div><div class=\"elementor-countdown-item\"><span class=\"elementor-countdown-digits elementor-countdown-hours\"><\/span> <span class=\"elementor-countdown-label\">Hours<\/span><\/div><div class=\"elementor-countdown-item\"><span class=\"elementor-countdown-digits elementor-countdown-minutes\"><\/span> <span class=\"elementor-countdown-label\">Minutes<\/span><\/div><div class=\"elementor-countdown-item\"><span class=\"elementor-countdown-digits elementor-countdown-seconds\"><\/span> <span class=\"elementor-countdown-label\">Seconds<\/span><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcdcf53 elementor-widget elementor-widget-spacer\" data-id=\"fcdcf53\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-401deb6 elementor-widget elementor-widget-heading\" data-id=\"401deb6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Express your interest<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4c9939 elementor-button-align-start elementor-mobile-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"f4c9939\" data-element_type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"Registration of interest to participate in the seminar: Cost &amp; Profitability Management for Hospitality Executives\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"14116\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"f4c9939\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"\" \/>\n\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-select elementor-field-group elementor-column elementor-field-group-event_name elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t<div class=\"elementor-field elementor-select-wrapper remove-before \">\n\t\t\t<div class=\"select-caret-down-wrapper\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"eicon-caret-down\"><\/i>\t\t\t<\/div>\n\t\t\t<select name=\"form_fields[event_name]\" id=\"form-field-event_name\" class=\"elementor-field-textual elementor-size-md\" required=\"required\">\n\t\t\t\t\t\t\t\t\t<option value=\"Cost &amp; Profitability Management for Hospitality Executives\">Cost &amp; Profitability Management for Hospitality Executives<\/option>\n\t\t\t\t\t\t\t<\/select>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-50 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[name]\" id=\"form-field-name\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Name*\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-surname elementor-col-50 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[surname]\" id=\"form-field-surname\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Surname*\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-org elementor-col-50 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[org]\" id=\"form-field-org\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Organisation*\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-position elementor-col-50 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[position]\" id=\"form-field-position\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Job Position*\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Email*\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-phone elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[phone]\" id=\"form-field-phone\" class=\"elementor-field 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for=\"form-field-consent\">I consent to the collection of my data through this form.<\/label>\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Submission<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<input\n                    class=\"apbct_special_field apbct_email_id__elementor_form\"\n                    name=\"apbct__email_id__elementor_form\"\n                    aria-label=\"apbct__label_id__elementor_form\"\n                    type=\"text\" size=\"30\" maxlength=\"200\" autocomplete=\"off\"\n                    value=\"\"\n                \/><\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7e19c6 elementor-widget elementor-widget-spacer\" data-id=\"b7e19c6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08fca7c elementor-widget elementor-widget-google_maps\" data-id=\"08fca7c\" data-element_type=\"widget\" data-widget_type=\"google_maps.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-custom-embed\">\n\t\t\t<iframe 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service industry who want to take full control of their costs, increase profitability, and build operationally resilient businesses. 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