Finance and Funding in the Travel and Tourism Sector

Finance and Funding in the
Travel and Tourism
Sector
TASK 2
DALATA Hotel Group

Table of Content
 Introduction
 Various kind of management information which applied in the travel
and tourism sector.
 Utilization of management accounting information as a decision-making
tool in an organization.
 Conclusion
 References

Finance and funding can be considered as a vast concept which plays an
effective role in creating effective decision as to carry out the business and
its activities in effective and efficient manner. It is a fundamental concept
that helps in evaluating a significant amount in which organisation can
invest in the growth and development of economy. As a large business
enterprises Dalata Hotel Group apply management accounting system as to
creating effective decision for companied profit.
INTRODUCTION

Various kind of management information which
applied in the travel and tourism sector
Management accounting can be considered as an administrative tool which are widely applied in
partnership decision making, performance management and devising planning. There are
various management information accounting methods that are applied by Dalata Hotel
Group in their business operations in which some are described as under:
 Budgets
 Financial statements
 Variance analysis
 Forecasts
 Management information system