Travel Hotel Financial Management

Author: Xu Hong
Publisher:
Publish Date: 2001-07-01
Features: After more than 20 years of development, China's hotel industry has seen significant growth in both industry scale and management standards. In terms of industry scale, the number of international tourist hotels increased from 430 in 1978 to over 7,000 in 2000. With the continuous growth in the number of hotels, competition in the industry has become increasingly fierce. How to establish a firm foothold and continue to grow in this competition is the primary challenge faced by every hotel manager. Compared to the growth in the number of hotels, the operational quality of the hotel industry still needs improvement, especially in financial management, where there remains a considerable gap. The industry is still primarily focused on post-event accounting and lacks the effective implementation of planning management. It is essential to raise awareness and take measures to address these issues. Through rational thinking and reflection on the problems encountered in hotel development practices, we can integrate the financial issues in hotel operations with financial management theory. This is the original intention behind the revision of Financial Management of Tourist Hotels.
This book retains and inherits the recognized system, structure, and some content of the original edition while making necessary additions and revisions. A new chapter on "Management of Intangible Assets and Deferred Charges" has been added, while the chapter on "Financial Audit of Tourist Hotels" has been removed. The chapter on "Foreign Exchange Management of Tourist Hotels" has been merged into the chapter on "Management of Hotel Current Assets." Other chapters have also been adjusted, and additional content has been included.