Profit Planning for Hospitality and Tourism, 3rd edition

Abstract

Profit Planning for Hospitality and Tourism is an introductory book in management accounting with a focus on the Hospitality and Tourism (H&T) industry. The purpose of the book is to provide H&T students and professionals with a guide to the application of key managerial accounting techniques in planning, controlling and improving profitability at the business property level. The book emphasizes how to apply managerial accounting techniques in practical, day-to-day, profit management decisions. Revisions to the third edition are the chapter on restructuring and additional new research and development applicable to practitioners in the H&T sector. Major additions include new chapters on the profit and planning framework; Comparing and benchmarking operating results, and customer profitability analysis.