Hospitality Financial Management by Robert E. Chatfield and Michael C. Dalbor is an up-to-date introductory finance text written. specifically for hospitality and tourism majors. The book uses hospitality examples to cover concepts tram a practical perspective, explaining and demonstrating the importance of financial management in the hospitality industry.
The text covers such important topics as an introduction to financial markets and instruments, a review of financial statements, risk and return, tithe and value of money; stock and bond valuation, capital budgeting, plus hotel market studies/appraisals and capital structure of the firm. Key features include:
- Up-to-date hospitality examples
- Chapter exhibits connect chapter concepts with hospitality companies
- Practical applications
- Step-by-step guides to using financial calculators
- Capital budgeting project examples
Written in a clear and easy to understand format, Hospitality Financial Management is designed to equip readers with a basic knowledge of the financial management function in the hospitality industry.