Course Details

Financial Strategies for Tourism Development

 

TCTM1-GC3305
Credit: Hospitality, Tourism, and Sports Management

This course explores financial techniques used in tourism development projects. Extensive examination of feasibility studies and the development of business plans form the basis of discussion. Economic, accounting and finance terminology and principles are reviewed through the use of case studies and industry experts. Topics include the steps in feasibility analysis, revenue and expense forecasting, sources and uses of capital financing, business plan development, relationships to tourism planning, and report development and presentation.

Course Objectives:
By the end of this course, each student should be able to:

1. Comprehend the tourism development process from a financial point of view.


2. Conduct feasibility analysis for a variety of tourism products


3. Through a sound grasp of terminology and concepts, use and interpret economic, finance, and accounting principles found in tourism planning and policy analysis.


4. Analyze sources and uses of capital for tourism development projects.


5. Develop tourism business plans.


6. Generate reports based on the use of financial techniques and principles.

Prerequisites:
None

 

To register for this course you must be an admitted student in an NYU credit or degree program or have special student status. Admitted NYU credit or degree students may visit NYUHome to register through ALBERT. To apply to an NYU-SCPS credit or degree program, call (212) 998-7100.