BTEC HND in Travel and Tourism Management PDF

Department of Travel, Tourism and Hospitality Management
HND Assignment Brief
Session: September 2018
Programme title BTEC HND in Travel and Tourism Management
Unit number and title 2 Finance and Funding in the Travel and Tourism
Sector
Assignment No/Title 1 of 1 Written report involving 4 tasks
Assessor (s) Dan Sookun/Awo Mahamed
Final assignment
submission deadline 07-12 January 2019
Late submissions
14-19 January 2019
The learners are required to follow the strict deadline set by the
College for submissions of assignments in accordance with the BTEC
level 4 – 5 submission guidelines and College policy on submissions.
Resubmission
deadline TBA
Feedback
In-class feedback will be available from formative assessment of the
initial submissions based on each learning outcome.
Final feedback will be available within 2 – 3 weeks of the assignment
submission date.
General Guidelines
 The work you submit must be in your own words. If you use
a quote or an illustration from somewhere you must give the
source.
 Include a list of references at the end of your document. You
must give all your sources of information.
 Make sure your work is clearly presented and that you use
correct grammar.
 Wherever possible use a word processor and its “spell-
checker”.
Internal verifier
Signature (IV of the
brief) * Date

Department of Travel, Tourism and Hospitality Management
ICON College of Technology and Management
HND in Travel and Tourism Management
Unit 02: Finance and Funding in the Travel and Tourism Sector (L 5)
Session: September 2018
This unit will be assessed by a coursework consisting of 4 written tasks.
Task 1 for LO 1:
__________________________________________________________________
Context and Scenario:
The EUROCARIB TOURS is a major London-based European tour operator
focusing on Caribbean holidays. EUROCARIB is planning a summer holiday trip to
a Caribbean Holiday Resort lasting one month. The company will charter an
airplane that carries only its tourists. The company will also book a floor of a
hotel at the resort to accommodate its tourists. Both the airplane and the hotel
accommodation will cost EUROCARIB £120,000, the variable cost per customer
is £400, EUROCARIB will charge £1600 per tourist for the 4-Week holiday trip.
A. Examine the concept of CVP analysis and explain its importance in the financial
management of a travel and tourism business such as EUROCARIB [P1.1].
B. Provide an analysis of pricing methods that EUROCARB can use to determine the price
to charge each tourist on the trip [P1.2].
 M1: To achieve M1, you should have applied effective approach to study and
analyse the appropriate pricing methods with justification to be used by
EUROCARIB. [Task 1 B].
C. Analyse the factors that will influence the profit EUROCARIB will earn on the holiday trip
using the data provided in the scenario above [P1.3].
 D1: Evaluate the viability of the holiday trip if 90 tourists book to go on the trip
and draw conclusion with justification whether EUROCARIB should organize the
trip if it wants to earn a profit of at least £30,000 [Task 1 C].
Task 2 for LO 2:
________________________________________________________________
Context and Scenario:
EUROCARIB wants to improve its decision making procedures by adopting modern
management accounting decision making techniques. For this reason, the finance director
requires you, as a newly employed finance officer to draft a guide for use by colleagues.
A. Explain the different types of management accounting information that could be used in
EUROCARIB [P2.1].
M2: You should have identified and applied a range of techniques (such as variance
analysis) that can be applied in improving activities and performance within the company
such as the EUROCARIB.
B. Assess the use of investment appraisal techniques as decision-making tools [P 2.2]
using an example from EUROCARIB or other relevant company.