TRMFINL10201 Costing and pricing

Code TRMFINL10201
Title Costing and pricing
Module TRMFINL102 - Costing and pricing
Department FIN - Finance
Duration 24 h
ECTS credits 3 / 3 (erasmus)
Language
  • English
Description
This course is designed for aspiring managers and professionals in the tourism sector, focusing on the critical areas of costing and pricing. It covers various topics such as: tourism product development, various restaurant costs, menu engineering, break-even analysis, basic hotel metrics, and room rate setting. With a blend of theoretical knowledge and practical applications, students will gain a robust understanding of financial principles, enabling them to make informed decisions that enhance profitability and ensure competitive pricing strategies.
Objectives
Prerequisites Intro to Tourism

Accounting

 
Sustainable development In order to implement the objectives of France's "Green Plan of Higher Education Institutions", each class considers the issues and stakes of Sustainable Development related to the subject matter being taught
Course sequencing

1 -

2 -

3 -

4 -

Method The course is will combine face to face lecturing, videos and practical workshops.
Assessment Written exam outside of class time (55 %) - Durée. 1h
Continuous assessment (15 %) : Active participation
Written assignment (30 %) : in class activities
Bibliography
  • Check in Check out Managing hotel operations, Pearson, 2014, Vallen Gary, Vallen Gerome
  • Principles of food and beverage and labor cost controls, John Wiley & Sons, 2009, Paul Dittmer, Desmond Keefe
Advised bibliography Various industry reports

https://www.youtube.com/c/SocratGhadban





 

Base(s) de donnée(s) recommandée(s) pour le cours – à retrouver sur Intranet / menu Infomédiathèque :
  • Dawsonera ()
  • Business Source Complete (EBSCO) ()
  • Harvard Business Publishing Collection (Ebooks) ()
  • HOSPITALITY & TOURISM COMPLETE ()