FINANCIAL MANAGEMENT EFFICIENCY IN THE HOTEL BUSINESS
Abstract
This article examines the theoretical foundations and methods of ensuring financial management efficiency in the hotel business. The directions of financial planning, cost control, revenue management, and financial analysis in hotel establishments were comprehensively studied. The role of the internal control system in achieving financial efficiency, the importance of the budgeting process, and modern approaches to hotel financial management were analyzed. In conclusion, it was determined that financial management efficiency is a decisive factor in ensuring the long-term stability of a hotel establishment.
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