Online MBA in Hospitality and Tourism Management

Global contemporary issues in hospitality and tourism are important social, political, economic, and environmental challenges that affects how the industry is managed and operated. Owners, operators, employers, suppliers, and vendors must anticipate, stay ahead of the curve, and make informed decision using information that is expertly chosen and thoughtfully organized. The course explores topics on the latest trends, issues, best practices, and industry benchmarks designed to drive business success through professional articles, research papers, and or/case studies. The hospitality and tourism industry is incessantly changing and must adapt to the changing consumer and employee needs, while staying alert and adopting strategies that will mitigate compliance risks and drive efficiencies across the organization. The course will also analyze approaches to HR practices, command and control models, employee empowerment, authority, adaptability, and collaborative methods. The course will examine the state of the hospitality and tourism industry as it relates to the social political, economic, and environmental trends and issues and how they can be reviewed and analyzed for competitive advantages. The course will also emphasize characteristics like decentralized authority and increased flexibility and how these can ensure the success of a company.

This course focuses on the identification and analyses of financial and cost structures currently being used to predict future profits, financing hospitality businesses, cost structures, based on industry trends and organization goals, while maintaining profit margins. Topics include: applications of discounting techniques, evaluation of capital expenditures and estimating cost of capital Hospitality analytics will be studied and evaluated for hospitality lodging components, providing the opportunity for students to earn the “Certification in Hotel Industry Analytics, (CHIA) designation.