Types of businesses in travel and tourism

Unit 2 Finance and Funding in Travel Tourism - Level 5 (Diploma in Travel and Tourism Management)

Unit Code: J/601/1742

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Introduction: The case study of the Merlin Entertainment Plc.

Task 1

Question 1 Explain the importance of costs and volume in financial management of travel and tourism businesses using Merlin Entertainments Plc. as your case study

Question 2 Analyze pricing methods used in the travel and tourism sector. You need to use examples from different types of businesses in travel and tourism.

Question 3 Analyze factors influencing profit for travel and tourism businesses using Merlin Entertainments Plc businesses as your case study.

Task 3

Question 1 Interpret financial accounts of The Restaurant Group (TRG) Plc for the year ended 27 December 2015 showing at least two years performance.

Task 4: Poster presentation

The travel and tourism industry is a vast and complex sector that encompasses a wide range of businesses, from large multinational corporations to small family-owned businesses. As a result, the financial needs of businesses in this sector can vary widely.

Unit 2 of the Diploma in Travel and Tourism Management course focuses on the financial aspects of the travel and tourism industry. This unit covers a range of topics, including:

The importance of costs, volume, and profit in financial management
Pricing methods and profitability
Management accounting information
Sources and distribution of funding

This unit provides students with the knowledge and skills they need to understand and manage the financial aspects of a travel and tourism business. It is an important unit for students who are planning to pursue a career in the industry, as it will help them to make informed financial decisions and to contribute to the success of their business.

Unit 2 of the Diploma in Travel and Tourism Management course is an important unit for students who are planning to pursue a career in the industry. The unit provides students with the knowledge and skills they need to understand and manage the financial aspects of a travel and tourism business.

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