Corporate finance & its application in the hotel industry
- Author Ahmet Ferda Seymen
- DOI
- Country : Turkey
- Subject : Hotel Management, Tourism & Hospitality
Abstract
The study undertaken will make reference to Corporate Finance and its implementation in the hotel industry. The required international disciplines and the structure of policies and reports will be listed which is currently applicable for multinational hotel chains and operators. Eventually the study will specifically focus on reports which are used by the operation on a daily & monthly basis. The findings will reveal that corporate reports are usable for reviewing and analyzing the overall situation of the company with its assets, capital expenditure, liquidity, securities, investor relations, tax issues, payables & receivables, profitability, short-long term strategical plans and legal & financial commitments. Whereas managerial reports are conducted to achieve company targets based on budgets and forecasts both on revenues as well as the expenses. These reports are followed and studied on a daily basis by the management to exceed and perform results higher than budgeted targets set in revenues; keeping costs in control, as well as delivering a higher service quality and surpassing quest satisfaction in all areas of operation.
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