Newly compiled hotel financial management

Author: Cai Wankun
Publisher:
Publish Date: 2004-01-01
Features: This book is based on the industry characteristics of the hotel industry, combining the characteristics of capital movement in hotel operations with the operating conditions of hotels in China. It takes the capital movement of hotels as the main thread, providing readers with relatively comprehensive and practical new concepts and methods of financial management. Compared to other published books on the same topic, it has three innovative features: First, the theoretical viewpoints in the entire book are relatively new. In the discussions on capital raising, capital operation, financial control, capital investment, and profit distribution in hotel financial management, many new concepts, viewpoints, and arguments are adopted. Second, the approach to hotel financial management is relatively new. The entire book revolves around the modern enterprise system, specifically the asset rights and interests of the investment entities and investors in hotel companies, to elaborate on the theoretical methods and professional techniques of hotel financial management. It adheres to the modern financial management guiding principle of "focusing on financial management, driven by customer needs, centered on hotel capital movement and business operations, and sustained by hotel learning and growth." This represents an innovation for traditional hotel financial management. Third, the methods and techniques used in hotel financial management are relatively new. Especially in the discussions on capital raising, capital operation, financial control, capital investment, profit distribution, and the financial management model and performance evaluation of hotel groups, a large number of new methods and technologies are employed. Therefore, it is an innovative monograph on hotel financial management.