Financial Management for the Hospitality Industry

Financial Management for the Hospitality Industry

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For courses in Beginning and Advanced Hospitality Finance and Managerial Finance. Financial Management for the Hospitality Industry, Second Edition, presents financial concepts and explains how they apply to specific operations within the hospitality industry. Each chapter contains material specific to the industry-from financial statements that follow the lodging industry standards to financial ratios used to determine paid occupancy percentage, average room rate or number of guests per room. This edition features two new chapters on entrepreneurial finance and asset management and Excel examples integrated throughout. Discussing core financial concepts from a managerial perspective, the text contains answers to many of the financial questions confronting hospitality managers more

Product details

  • Hardback | 656 pages
  • 180.3 x 236.2 x 30.5mm | 1,065.95g
  • Pearson Education (US)
  • Prentice Hall
  • Upper Saddle River, United States
  • English
  • 0131179098
  • 9780131179097

Table of contents

Table of Contents 1. Introduction 2. Value Creation and the Hospitality Firm 3. Financial markets and Raising Financial Capital 4. A Brief Review of Financial Statements 5. Financial Statement Analysis 6. Risk and Value in the Hospitality Firm 7. The Timing and Value of Cash Flows 8. Valuation and Required Rates of Return 9. Capital Expenditure Analysis 10. Other Project Valuation Criteria 11. Issues in Capital Structure Management 12. Financial Planning for the Hospitality Entrepreneur 13. Managing an Enterprise's Working Capital 14. Asset Management in the Hospitality Industry 15. Leasing 16. Expansion Via Franchising 17. Expansion Via Management Contracts 18. Feasibility Studies 19. Valuation of Hospitality Real Estate 20. Income Taxes .show more

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