Be better at 'the business of tourism'

AC 1.2 - Explain the objectives of tourism organisations

Financial objectives

Getting the sums right

Tourism businesses can set a range of financial objectives over a period of time which may relate to:

  • Revenue – the amount of income received
  • The total value of sales of products and services
  • The costs of operating the business
  • The profit or loss made by the business
  • The wages and salaries paid to employees of the business
  • Loans and other forms of finance to operate the business

Tourism businesses may set a range of financial targets depending on their scale and other factors.