Features of financial management at the enterprises of the hospitality industry

It is considered that the object of financial management is financial activity. Based on this, we can say that the forms and volumes of financial activity depend directly on the industry-specific features of the enterprise. In other words, if the enterprise is functioning smoothly and successfully, then the volume of its activities will be large-scale. Also, based on the foregoing, we can say that the industry-specific features of the enterprise, which form the duration of the operating cycle, as well as its seasonality, the total and specific capital intensity of production and sale of products, as well as the performance of work and the provision of services, determine proportions in the use of own and borrowed capital, as well as in the volumes of attracting financial resources from external sources for certain periods. Based on this, we can say that in order to define and characterize the main features of the financial management of enterprises engaged in the hotel business, it is necessary to study and consider the features of the hotel industry, as well as the specifics of hotel services.