ABSTRACT

Accounting and Financial Management: developments in the international hospitality industry presents new and innovative research and developments in the field of accounting and financial management as it relates to the work of managing enterprises and organisations in the international hospitality industry.

The content contains contributions from a rich source of international researchers, academics and practitioners including, university and college lecturers, professional accountants and consultants and senior managers involved in a wide range of teaching, scholarship, research, and consultancy in the hospitality industry worldwide. The material is drawn from their work and experience and relates directly to the management of hospitality undertakings. Therefore the up to date case studies and examples used are taken from a wide ranging of companies across the industry including large international chains such as Sheraton, Holiday Inn, and Intercontinental.

Divided into three parts: Performance Management, Information Management and Asset Management the book tackles the following issues amongst others:
* Performance management in the international hospitality industry
* Benchmarking: measuring financial success
* The profit planning framework
* Making room rate pricing decisions
* Hotel asset management UK and US perspectives
* Lowering risk to enhance hospitality firm value

Accounting and Financial Management: developments in the international hospitality industry presents current developments drawn from a combination of live fieldwork and practical experience and therefore will content will appeal to a wide-ranging readership including practising managers and financial controllers in hospitality organisations, professional accountants and consultants, postgraduate candidates studying for master's degrees in hospitality management, and final year undergraduate students of hospitality management who elect to take an accounting option.

part |1 pages

Performance Management

chapter |24 pages

Productivity in the restaurant industry

How to measure productivity and improve process management

chapter |18 pages

Benchmarking

Measuring financial success in the hotel industry

part |2 pages

Information Management

chapter |14 pages

The profit planning framework

Applying marginal accounting techniques to hospitality services

chapter |23 pages

Cost analysis in the hotel industry

An ABC customer focused approach and the case of joint revenues

chapter |29 pages

Room rate pricing

A resource-advantage perspective

chapter |20 pages

Accounting for the environment

Reflecting environmental information in accounting systems

chapter |16 pages

Hotel unit financial management

Does it have a future?

part |1 pages

Asset Management

chapter |25 pages

Hotel asset management

Will a North American phenomenon expand internationally?

chapter |15 pages

Hotel asset management

European principles and practice

chapter |23 pages

Autonomy and control in managing network organizations

The case of multinational hotel companies