Finance and Funding in Travel and Tourism: A Comprehensive Analysis

Finance and Funding in Travel and Tourism
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Contents
Introduction....................................................................................................................................3
Task 1..............................................................................................................................................4
LO1- Understand the importance of costs, volume and profit for management decision
making in travel and tourism.......................................................................................................4
P1.1 Explain the importance of costs and volume in financial management of travel and
tourism businesses using Carnival Corporation & plc as your case study...........................4
P1.2 analyze pricing methods used in the travel and tourism sector. You should use
relevant examples from different cruise brands of Carnival Corporation & plc................6
P1.3 analyze factors influencing profit for travel and tourism businesses using Carnival
Corporation & plc cruise brands as your case study..............................................................7
Task 2..............................................................................................................................................8
LO2- Understand the use of management accounting information as a decision-making tool
in travel and tourism businesses...................................................................................................8
P2.1 Explain different types of management accounting information that could be used
in travel and tourism businesses using Dalata Hotel Group plc as your case study............8
P2.2 Assess the use of management accounting information as a decision-making tool for
Dalata Hotel Group plc..............................................................................................................8
Task 3............................................................................................................................................10
LO3 Be able to interpret financial accounts to assist decision making in travel and tourism
businesses......................................................................................................................................10
3.1 Interpret financial accounts of Dalata Hotel Group plc for the year ended 31st
December 2016 showing at least two years performance.....................................................10
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Task 4............................................................................................................................................15
LO4 Understand sources and distribution of funding for public and non-public tourism
development..................................................................................................................................15
4.1 Analyse sources and distribution of funding for the development of capital projects
associated with tourism...........................................................................................................15
Conclusion....................................................................................................................................17
References.....................................................................................................................................18
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Introduction
This is being introduced from the report that for the travel and tourism business it is very
necessary that pricing must be corrected so the customers cannot go for the competitors and try
to meet the expenses of the company. In travel and tourism business the strategy of pricing
method must be made according to the business and its competitors. This report also denotes the
increase of capital, investments and their budgets and also signifies their support to the
management. Managing accounts along with financial & income statements of the hotel Dalata
hotel group is must and needs to be taken care while preparing them.
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