Financial Management for the Hospitality Industry
Edition: 1
Copyright: 2025
Pages: 128
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$59.00 USD
In today’s fast-changing business environment, mastering financial management is no longer optional — it’s a competitive necessity. This comprehensive guide empowers readers with the tools, strategies, and insights needed to make informed financial decisions that drive growth, profitability, and sustainability. Written in a clear and engaging style, this book bridges the gap between financial theory and real-world application, making it ideal for students, professionals, entrepreneurs, and decision-makers alike. It covers essential topics such as:
- Foundations of Financial Management and Planning – Understanding balance sheets, income statements, crafting budgets, forecasting revenue, and managing working capital effectively.
- Investment Decisions – Evaluating projects, calculating returns, and managing risk using modern financial tools.
- Financing & Capital Structure – Navigating equity, debt, and hybrid instruments for optimal funding.
What makes this book unique in the market is its dual focus on academic rigor and industry relevance. It distills complex topics like tax implications in capital projects, opportunity cost, and NPV/IRR analysis into accessible, scenario-based learning, speaking directly to hospitality managers, students, and professionals.
The book also features real-life case studies, practical examples with BAII+ and Excel demonstrations, and step-by-step decision-making solutions and frameworks to ensure readers can immediately apply what they learn. Whether you are seeking to optimize business performance, secure investor confidence, operational efficiency, and/or plan for long-term success, this guide will be your trusted resource.
Dr. Murat Kizildag is currently an Associate Professor of Finance at UCF’s Rosen College since 2013. While getting his Ph.D. degree, he acquired Bloomberg Essentials Training Program Certification for Equity, Fixed-Income, Foreign Exchange (FX), and Commodity Essentials.
Dr. Kizildag’s research expertise spans the areas of Security Valuation, Risk & Investment Analytics, Financial Modeling & Forecasting, Portfolio Management & Optimization, and Time-Series Analysis. Dr. Kizildag produced more than 60 publications and attended numerous academic and industry conferences. His recent articles appeared in business finance and hospitality business/management journals. Further, Dr. Kizildag worked on several different grant projects and consulting contracts.
Dr. Kizildag is an Editor-in-Chief for the Journal of Hospitality Financial Management (JHFM). He is also a Managing Editor for the International Journal of Hospitality Management (IJHM). Dr. Kizildag has delivered keynote and panel speeches at several conferences, conventions, and events such as, ARDA World, Annual Convention, the Institute of Management Accountants (IMA) and Hospitality Finance and Technology Professionals (HFTP) joint meetings, Florida Institute of Certified Public Accountants’ (FICPA), and Service and Management Innovation Seminar Series held by Jorge Tadeo Lozano University in Colombia.
Mahala Geronasso, Ph.D., MBA, is an Assistant Professor, graduated from the University of Central Florida’s Rosen College of Hospitality Management. Originally from Brazil and educated in hospitality in Switzerland, she brings a rich international perspective and over a decade of leadership experience with Hilton, Hyatt, and Disney. Her research focuses on the intersection of finance and technology in hospitality, examining how digital innovations, AI, and blockchain influence firm value, investment strategies, and operational performance. She actively publishes and presents at major conferences, contributing to both academic knowledge and industry practice. At UCF, Dr. Geronasso taught hospitality financial management, managerial accounting, revenue management, and leadership, bridging theory with practical applications to prepare students for success in a dynamic global industry.
In today’s fast-changing business environment, mastering financial management is no longer optional — it’s a competitive necessity. This comprehensive guide empowers readers with the tools, strategies, and insights needed to make informed financial decisions that drive growth, profitability, and sustainability. Written in a clear and engaging style, this book bridges the gap between financial theory and real-world application, making it ideal for students, professionals, entrepreneurs, and decision-makers alike. It covers essential topics such as:
- Foundations of Financial Management and Planning – Understanding balance sheets, income statements, crafting budgets, forecasting revenue, and managing working capital effectively.
- Investment Decisions – Evaluating projects, calculating returns, and managing risk using modern financial tools.
- Financing & Capital Structure – Navigating equity, debt, and hybrid instruments for optimal funding.
What makes this book unique in the market is its dual focus on academic rigor and industry relevance. It distills complex topics like tax implications in capital projects, opportunity cost, and NPV/IRR analysis into accessible, scenario-based learning, speaking directly to hospitality managers, students, and professionals.
The book also features real-life case studies, practical examples with BAII+ and Excel demonstrations, and step-by-step decision-making solutions and frameworks to ensure readers can immediately apply what they learn. Whether you are seeking to optimize business performance, secure investor confidence, operational efficiency, and/or plan for long-term success, this guide will be your trusted resource.
Dr. Murat Kizildag is currently an Associate Professor of Finance at UCF’s Rosen College since 2013. While getting his Ph.D. degree, he acquired Bloomberg Essentials Training Program Certification for Equity, Fixed-Income, Foreign Exchange (FX), and Commodity Essentials.
Dr. Kizildag’s research expertise spans the areas of Security Valuation, Risk & Investment Analytics, Financial Modeling & Forecasting, Portfolio Management & Optimization, and Time-Series Analysis. Dr. Kizildag produced more than 60 publications and attended numerous academic and industry conferences. His recent articles appeared in business finance and hospitality business/management journals. Further, Dr. Kizildag worked on several different grant projects and consulting contracts.
Dr. Kizildag is an Editor-in-Chief for the Journal of Hospitality Financial Management (JHFM). He is also a Managing Editor for the International Journal of Hospitality Management (IJHM). Dr. Kizildag has delivered keynote and panel speeches at several conferences, conventions, and events such as, ARDA World, Annual Convention, the Institute of Management Accountants (IMA) and Hospitality Finance and Technology Professionals (HFTP) joint meetings, Florida Institute of Certified Public Accountants’ (FICPA), and Service and Management Innovation Seminar Series held by Jorge Tadeo Lozano University in Colombia.
Mahala Geronasso, Ph.D., MBA, is an Assistant Professor, graduated from the University of Central Florida’s Rosen College of Hospitality Management. Originally from Brazil and educated in hospitality in Switzerland, she brings a rich international perspective and over a decade of leadership experience with Hilton, Hyatt, and Disney. Her research focuses on the intersection of finance and technology in hospitality, examining how digital innovations, AI, and blockchain influence firm value, investment strategies, and operational performance. She actively publishes and presents at major conferences, contributing to both academic knowledge and industry practice. At UCF, Dr. Geronasso taught hospitality financial management, managerial accounting, revenue management, and leadership, bridging theory with practical applications to prepare students for success in a dynamic global industry.