Finance and Funding in Travel and Tourism: Miramar Group Case Study

This case study examines the financial aspects of the Miramar Hotel and Investment in Hong Kong, focusing on the travel and tourism sector. It delves into various levels of profit, explaining their usefulness to management, and discusses the association between quality, efficiency, and profitability. The study explores cost-plus pricing methods, budgeting tools, and the impact of government agencies and NGOs on capital projects and routine operations. It also covers product and period costs, variable and fixed costs, break-even analysis, and the preparation of income statements and balance sheets. Furthermore, the case study highlights the benefits of using ratios in financial management, variance analysis, and trend analysis, providing a comprehensive overview of the financial strategies and performance of the Miramar Group.