Finance and Funding In Travel and Tourism Sector


Finance and Funding In
Travel and Tourism
Sector
Task 2


 Management accounting is the branch of accounting that
deal with the cost of product and service that are produced
at the workplace or made available by the business firm.
By making use of management accounting method cost is
evaluated in many ways.
Management Accounting


 In future travel and tourism business will increase in the
UK. It can be seen that even nation economy was in
recession mentioned industry was growing at rapid rate.
Global economy is in recovery stage and due to this
reason in upcoming years mentioned industry will
increase at rapid pace. Hence, Merlin entertainment will
get huge benefit of this growth in its business.
Trend of tourism in UK


 Firms usually spend less on marketing. They commonly
show package values to the people on their websites and
services that they provide to the customers. People who
visit tourist places on domestic land are highly satisfied
from visits they made to the tourist place. Hence, they do
word of mouth marketing about service provided by the
firm and tourist places. Thus, website is the channel of
communication that is commonly used by firms to do
marketing of their product name among the domestic
people.
Trend of marketing in domestic
tourism