Each chapter is split into two sections: theory and practice, giving students a practical insight into the everyday realities of the hospitality industry. Emphasis is placed particularly on the practices of operating and capital budget management within the lodging, events, and food and beverage industry.
This new second edition has been updated with:
- A new case study and practice material from Asia.
- New content on event management, cost-volume-profit analysis (break-even), and information asymmetry.
- An updated hotel income statement format to conform to the new 12th edition of the Uniform System of Accounts for the Lodging Industry (USALI).
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