Development of a profit planning framework in an international hotel chain a case study

Development of a profit planning framework in an international hotel chain a case study

This article presents the results of a project undertaken to increase the effectiveness of decision makingat the property level in the Europe, Middle East, Africa division of an international hotel chain. The objective of the project was to provide the basis for a more informed approach to routine f...

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Veröffentlicht in:International Journal of Contemporary Hospitality Management 1999, Vol.11 (5), p.198-208
Hauptverfasser: Graham, Ian C., Harris, Peter J.
Format: Report
Sprache:eng
Schlagworte:
Hotels
Management development
Profit
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container_issue 5
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container_title International Journal of Contemporary Hospitality Management
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creator Graham, Ian C.
Harris, Peter J.
description This article presents the results of a project undertaken to increase the effectiveness of decision makingat the property level in the Europe, Middle East, Africa division of an international hotel chain. The objective of the project was to provide the basis for a more informed approach to routine financialplanning and control decisions of property management teams with the aim of enhancing operational profitability. The techniques used to underpin the framework are evaluated in relation to their practical application in the decisionmaking process and the rationale and method of implementation of the management development programme is explained.The framework was approved by the companys management board for implementation throughout the division and feedback from property management and assessment of financial results suggest the approach has made a significant contribution to profit improvement.
doi_str_mv 10.1108/09596119910272694
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subjects Hotels
Management development
Profit
title Development of a profit planning framework in an international hotel chain a case study
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