Finance and Funding in Travel and Tourism: A Case Study of Carnival Corporation & plc and Dalata Hotel Group plc

Finance and Funding in Travel
and Tourism

TABLE OF CONTENTS
Introduction......................................................................................................................................1
LO1..................................................................................................................................................2
1.1 Explain the importance of costs and volume in financial management of travel and tourism
businesses....................................................................................................................................2
1.2 Analyse pricing methods used in the travel and tourism sector............................................5
1.3 Analyse factors influencing profit for travel and tourism businesses....................................7
LO2..................................................................................................................................................9
2.1 Explain different types of management accounting information that could be used in travel
and tourism businesses................................................................................................................9
2.2 assess the use of management accounting information as a decision-making tool for Dalata
Hotel Group plc.........................................................................................................................10
LO3................................................................................................................................................11
3.1 Interpret financial accounts of Dalata Hotel Group plc.......................................................11
LO4................................................................................................................................................13
4.1 Analyze sources and distribution of funding for the development of capital projects
associated with tourism..............................................................................................................13
Conclusion.....................................................................................................................................15
References......................................................................................................................................16
Books and Journals....................................................................................................................16

LIST OF FIGURES
Figure 1: Relationship between types of cost..................................................................................2
Figure 2: Break even analysis..........................................................................................................4

Introduction
Finance and funding plays an important role in travel and tourism for its future development and
to increase the footfall of customers. Report will focus on business of Carnival Corporation &
plc and Dalata Group of hotels which provide travel and accommodation services respectively.
Report revolves around understanding the financial tools for management of funds in travel and
tourism. Report will focus on importance of cost volume analysis which will further support to
take effective decisions for business entities.
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