Finance and Funding in the Travel and Tourism Sector - Dalata Hotel

Added on - 22 Nov 2020

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Finance and Funding inthe Travel and TourismSector
Table of ContentsINTRODUCTION...........................................................................................................................1CARNIVAL CORPORATION & PLC...........................................................................................1TASK 1............................................................................................................................................11.1: Importance of costs and volume in financial management of T&T....................................11.2: Analysing various pricing method that are being related with travel and tourism..............21.3: Analyse all factors that are influencing gains for travel and tourism..................................3DALATA HOTEL GROUP PLC....................................................................................................4TASK 2............................................................................................................................................4Poster...........................................................................................................................................4TASK 3............................................................................................................................................43.1: Interpretation of financial account of Dalata Hotel group plc.............................................4TASK 4............................................................................................................................................8leaflets.........................................................................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONAccording to this project which is entirely based on Travel and Tourism sectors. Themain aim of this module is to analyse all important aspects which are helpful to an individual togain essential knowledge, skills and techniques those are useful in future decision making. Thisproject draw the attention toward significant aspects of costs, volume and profit for effectiveoperation in travel and tourism and process to evaluate skill needed to determine financial data of“Carnival corporation plc”. Evaluating pricing method that are used in travel and tourism sectorsalso certain factors those are affecting the profitability position of tourism sector are discussedunder this report. In the other part of the report is explaining crucial matter regarding varioustypes of management accounting information that are use by “Dalata Hotel group plc”. Apartform this, a well structure financial report is prepared to analyse the performance of thecompany. At last, all those sources and distribution of capital for the development of capitalproject are mentioned effectively (Morrison, 2013).CARNIVAL CORPORATION & PLCTASK 11.1: Importance of costs and volume in financial management of T&TAs per the mentioned case study of Carnival corporation plc which is known as one ofleading leisure travel industries with wide portfolios of cruise brand in different part of thenation. They are held responsible for providing joyful vacation facilities and deliveryshareholder return through exceeding customer satisfaction and leveraging their sectors are largescale. There are various types of costs which are required to be analyse by Carnival corporationwhile making any travel planning (Wong, Mistilis and Dwyer, 2011).Cost: It is one of the most important aspects for every company which will directly makeimpacts on the overall productivity of the company. It consists of various types of costs such as:Direct costs: These are said to be one of the cost which are directly associated withcruise line impose fees and services costs. All travelling related expenses are taken intoaccount from carnival which would grants unlimited access to various service deliverythose are provided by the company.Indirect costs: These are said to be those costs which are indirectly associated with thecompany while providing services to various customers. Such as maintenance cost,supervision expenses and repair costs (Pike, 2012).1
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