Accounting and Financial Management

1st Edition

Developments in the International Hospitality Industry

Authors: Peter Harris Marco Mongiello
Hardcover ISBN: 9780750667296
Imprint: Butterworth-Heinemann
Published Date: 2nd March 2006
Page Count: 352


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Accounting and Financial Management: developments in the international hospitality industry presents new and innovative research and developments in the field of accounting and financial management as it relates to the work of managing enterprises and organisations in the international hospitality industry.

The content contains contributions from a rich source of international researchers, academics and practitioners including, university and college lecturers, professional accountants and consultants and senior managers involved in a wide range of teaching, scholarship, research, and consultancy in the hospitality industry worldwide. The material is drawn from their work and experience and relates directly to the management of hospitality undertakings. Therefore the up to date case studies and examples used are taken from a wide ranging of companies across the industry including large international chains such as Sheraton, Holiday Inn, and Intercontinental.

Divided into three parts: Performance Management, Information Management and Asset Management the book tackles the following issues amongst others:

  • Performance management in the international hospitality industry
  • Benchmarking: measuring financial success
  • The profit planning framework
  • Making room rate pricing decisions
  • Hotel asset management UK and US perspectives
  • Lowering risk to enhance hospitality firm value

Accounting and Financial Management: developments in the international hospitality industry presents current developments drawn from a combination of live fieldwork and practical experience and therefore will content will appeal to a wide-ranging readership including practising managers and financial controllers in hospitality organisations, professional accountants and consultants, postgraduate candi

Key Features

  • Presents current developments in the field from a combination of practical experience and live fieldwork.
  • Contains contributions from a rich source of international academic and practitioners.
  • Uses international case studies to explore and contextualise including Sheraton, Holiday Inn, and Intercontinental.


Final year BA/BSc hospitality management degree programmes (accounting options/electives, taught Postgraduate diplomas and Masters degree courses and Research Masters and Doctorate programmes.

Practitioners within the industry such as: Financial controllers and accountants in hospitality organisations, Professional accounting and hospitality consulting firms, Executives and senior managers in regional/corporate offices.

Also Resource centres/libraries in universities, colleges, professional accounting and hospitality consulting firms, professional and trade associations and commercial hospitality organisations.

Table of Contents

Part A: Performance Management

  1. Performance measurement in independent hotels. Mine Haktanir, PhD Assistant Professor and Lecturer in School of Tourism and Hospitality Management, Eastern Mediterranean University, Turkish Republic of Northern Cyprus.

  2. Productivity in the hospitality industry: how to measure productivity and improve process management. Pekka Heikkilä, MSc (econ.) Certified HTM-Auditor (Finland) Lecturer in Business Accounting, Haaga Institute Polytechnic, Helsinki, Finland. and Timo Saranpää, MSc (econ.) Managing director, Sadanpaamies consulting Lecturer in Business Accounting Haaga Institute Polytechnic, Helsinki, Finland

  3. Performance management in the international hospitality industry. Helen Atkinson MBA, BA(Hons) ACMA HCIMA ABHA Principal Lecturer in Accounting School of Service Management University of Brighton, UK.

  4. Budgetary practice within the hospitality industry. Tracy Jones, BSc, MPhil, MHCIMA Principal Lecturer in Accounting Cheltenham and Glocestershrie Univeristy, UK

  5. Benchmarking: measuring financial success in the hotel industry. Agnes Lee DeFranco, PhD, CHE, CHAE Professor, Conrad N. Hilton College of Hotel & Restaurant Management University of Houston, USA

  6. Developing a benchmarking methodology for the hotel industry. Peter Harris Professor of Accounting Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University and Marco Mongiello, PhD, BA, ICA(Italy), ABHA Principal Lecturer in Account


No. of pages:
© Butterworth-Heinemann 2006
Hardcover ISBN:

About the Author

Peter Harris

Affiliations and Expertise

Professor of Accounting, School of Hotel and Restaurant Management, Oxford Brookes University, UK

Marco Mongiello

Affiliations and Expertise

Teaching fellow at Tanaka Business School,Imperial College, London


"...the managers should be reading this." - Accounting Today, Sept. 17, 2006 This is a book that every hotelier should have in his office for references. Several parts of the "Accounting and Financial Management" section cover 360° our new global hotel world, from Productivity & Performances to Asset Management & Benchmarking. This book is very informative and the captivating style kept my interest alive from the beginning to the end. Peter Harris & Marco Mongiello have conducted an outstanding overview of the hotel global economy and I have been able to better understand some of the economic forces that drive our hotel business." Mr Emanuele Nasi General Manager of Sheraton Roma Hotel & Conference Center