Hotel Operations Reports, Calculations, and Bookkeeping (2nd Edition) (Book with DVD)

Reports are an essential part of hotel management as they convey a huge impact in tracking and examining the hotel performance and growth. Reports are important for the management who need information and data handy in order to make decisions that impact the hotel’s performance. The most important reports a revenue manager should keep track of is the average daily revenue (ADR) and the hotels history and current dynamic based pricing and calculations of daily revenue. They should have a solid grip of accounting knowledge and fundamentals that will empower them to swiftly acquire, understand, and apply the accounting policies and procedures of the hospitality company that they work for. Hospitality students need to have a fundamental understanding of using calculations in operating their departments and analyzing their financial statements.

This Second Edition of ‘Hotel Operations Reports, Calculations, and Bookkeeping’, a comprehensive and integrated textbook, provides important accounting principles and methods of calculations, and provide the knowledge and skills that every hospitality manager will need.