Hotel Financial Management

Author: Ma Runhong
Publisher:
Publish Date: 2003-01-01
Features: Establishing a modern financial management system for hotels requires two essential conditions; the hotel must have clear property rights and operate under a shareholding system (or partnership, or private ownership); the hotel must have managers who possess knowledge of modern corporate financial management. Modern corporate financial management knowledge refers to the financial management theories of enterprises in developed Western countries, primarily focusing on shareholding enterprises in developed market economies to study their capital movement and control, including investment, financing, and dividend distribution. These are precisely the contents introduced in this book.