Benchmarking for Financial Performance in the Hotel Industry

eBook (PDF), 8 Pages
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Benchmarking helps firms to compare their performance with other similar firms or competitors operating in the same or similar markets. A benchmark is an appropriate reference for comparison and the process of comparison leads to insights that bring about an improvement in performance. Although the financial performance of firms is of vital importance to stakeholders, benchmarks are not always financial matrices and a wide range of benchmarks are used for comparisons in all industries, including the hotel industry. This very brief essay presents a discussion about the use of benchmarks for comparing financial performance in the hotel industry, benchmarks used in other industries and the effective use of benchmarking.
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Product Details

November 10, 2011
File Format
File Size
349.07 KB

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Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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