The tourism industry is a fast growing and highly competitive industry. To maintain a competitive advantage, tight cost control is of utmost importance to a travel business. In particular, tour costs account for a large part of the cost structure and are directly related to the profitability of business operations.
Managing tour costs in travel businesses can be a major challenge because industry specific To be Costs will arise from many items. (transportation, accommodation, food, and entertainment), in multiple locations and in multiple currencies.
Without a tight cost management system, the accounting department easily overwhelmed with tour settlement or handling dozens of expense requests every day and businesses lack an overview of spending efficiency.
This eBook helps travel businesses:
- Understand the current situation of cost management in the tourism industry
- Identify bottlenecks in cost operations
- Orientation of effective and transparent cost control solutions
- Discover Bizzi Expense tool – the ultimate digital assistant for accounting and tour expense management
The ebook is compiled by a team of experts from Bizzi - a unit providing expense management solutions for more than 2,000 businesses in Vietnam, including multinational corporations and listed companies.
