Finance in travel and hospitality
travel/hospitality finance: revenue management and yield, RevPAR and load factor, high fixed costs, distribution costs, and cyclicality.
Travel and hospitality runs on capital-intensive assets, thin margins, and volatile demand, making financial fluency non-negotiable. This block builds sector-specific command of finance: how hotels, airlines, cruise lines and travel platforms structure revenue, costs and capital; which metrics separate healthy operators from distressed ones; and how regulation and risk shape financial decisions. You will move from core concepts (revenue recognition, fixed versus variable cost structures, capital intensity) to the precise ratios and benchmarks analysts and operators actually use, then to the regulatory frameworks and due-diligence checks that protect investors, lenders and acquirers. The goal is practical fluency: reading a hotel or airline's financials the way an experienced sector CFO or investment analyst would, with US and European benchmarks as reference points.
What you'll master
- Apply core financial concepts (revenue recognition, cost structure, capital intensity) to hotels, airlines, cruise lines and OTAs
- Calculate and interpret sector-specific metrics such as RevPAR, ADR, CASM, load factor and EBITDAR margins against US/Europe benchmarks
- Identify the main financial regulations and reporting standards affecting travel and hospitality companies
- Perform basic financial due-diligence checks to assess risk and valuation in a travel or hospitality deal