By Peter Harris, Marco Mongiello
Accounting and fiscal administration: advancements within the foreign hospitality offers new and leading edge study and advancements within the box of accounting and monetary administration because it pertains to the paintings of coping with corporations and companies within the foreign hospitality undefined. The content material includes contributions from a wealthy resource of foreign researchers, teachers and practitioners together with, college and faculty academics, expert accountants and experts and senior managers all for quite a lot of instructing, scholarship, examine, and consultancy within the hospitality around the world. the cloth is drawn from their paintings and event and relates on to the administration of hospitality undertakings. accordingly the brand new case stories and examples used are taken from a breathtaking of businesses around the together with huge overseas chains equivalent to Sheraton, vacation resort, and Intercontinental. Divided into 3 components: functionality administration, info administration and Asset administration the publication tackles the next concerns among others:* functionality administration within the foreign hospitality undefined* Benchmarking: measuring monetary luck* The revenue making plans framework* Making room expense pricing judgements* lodge asset administration united kingdom and US views* decreasing hazard to augment hospitality enterprise valueAccounting and monetary administration: advancements within the overseas hospitality offers present advancements drawn from a mix of reside fieldwork and functional event and for this reason will content material will attract a wide-ranging readership together with working towards managers and fiscal controllers in hospitality companies, specialist accountants and specialists, postgraduate applicants learning for master's levels in hospitality administration, and ultimate yr undergraduate scholars of hospitality administration who pick to take an accounting choice. * offers present advancements within the box from a mix of sensible event and stay fieldwork. * includes contributions from a wealthy resource of foreign educational and practitioners.* makes use of overseas case stories to discover and contextualise together with Sheraton, vacation lodge, and Intercontinental.
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Extra resources for Accounting and Financial Management: Developments in the International Hospitality Industry
For instance, the accounting department of the Chance Hotel was one of the largest departments in the hotel, and the largest accounting department compared to the other case hotels. The reason for this is the presence of a sizable casino operation as part of routine hotel operations. Further to this, some of the managers of the Mediterranean Hotel were transferred from the owner’s other hotel property in Turkey. Additionally, the hotel is used to support the operations of the airline company, therefore, it is not surprising that good pricing and selling strategies were the primary concern of the managers.
1999) Profit Planning, 2nd edn. Butterworth-Heinemann, Oxford. , Kitching, J. and Lightfoot, G. (2000) The use of quantitative and qualitative criteria in the measurement of performance in small firms. Journal of Small Business and Enterprise Development, 7 (2), 123–134. C. D. (1999) Matching strategy with performance. Cornell Hotel and Restaurant Administrative Quarterly, August, 91–95. Jones, P. and Lockwood, A. (1989) The Management of Hotel Operations: An Innovative Approach to the Study of Hotel Management.
A grounded theory approach was undertaken and a multiple case study approach was adopted. This research strategy facilitated the development of a rich understanding of the performance measurement practices, through in-depth study of the issue in its own context. The following aspects were developed regarding the case selection of the research: • The hotels were selected from the population ‘independent hotels in Northern Cyprus’. Statistically, individually owned and managed hotels are some 45 per cent of the total hotel businesses.