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Finance in the Hospitality and Tourism Sector

This chapter is set to shed light on how the hospitality and tourism sector is to shape their assets and liquidity to either begin a new venture or expand an existing one. The first part of the chapter will give an elaborate discussion about raising financial capital in the hospitality and tourism sector. This will strengthen the points that are made under capital structure formation. Financial knowledge of budgeting is an area that deserves its place in these sectors; this is the third major highlight of the chapter. The issue of understanding financial statements, especially its use in making predictions through ratio analysis, require a thorough explanation. This is therefore the next point. The limitations and usefulness of ratio analysis will be touched upon. Finally, in this chapter, determining demand in the hospitality and tourism sector is a contemporary issue, and the review of this will give a better viewpoint.