Finance and Funding in the Tourism Sector

Finance and funding in the
tourism sector

INTRODUCTION
• Finance and funding play important role in in tourism and travel industry.
Importance of cost which proceeded into the decision making process.
• Business use finance information as all level of operation to understand the
effect of costing and help to management in effective decision making.
• In the brief of tourism and travel industry the mode of assessment,
assessment criteria after completion of the detail knowledge and the
importance of direct, indirect, fixed and variable cost.
• Analysing the pricing model which lead to organization in the competition
and get better return on the investment.

Different type of management
accounting information
1.Forecasting:-
 as of april13,2018 Dalata hotel group plc have consensus
forecast among 4 polled investment expert.
 Company will out form in the market. Company had revenue
for the year of 2017 of 348.47$ . revenue growth has been
recorded as 19.94% then the forecast model will use an annual
growth rate at 19.94%.
 Importance of forecasting is to predict the outcomes for the
future operations.

2.
2. Budgeting :-
 After the process of forecasting process Dalata hotel group plc have
forecasted and identified to build a model of the anticipated future revenue
growth.
 in budget process company allots the capital money for the future
operational activities. Company needs to examine the cost and liabilities
that are created in future.
 Company have certain design management for the budget: pre design
budgeting, design specification and management of tender process with
negotiating with suppliers. Review the selected tender and getting fixation
and equipment selection.