Tourism HR

Budget & Finance

A significant decrease in customers has made weathering COVID-19 exceptionally challenging for the tourism industry, impacting its bottom line. Additionally, many businesses face the anxiety of travel limitations persisting into the recovery phase. It’s never been more critical, from a financial perspective, to strengthen your organizational capacity and ability to withstand crises.

In this section of the Toolkit, you’ll discover financial and budgetary measures your business can take to not only help it survive and recover from the crisis, but build enduring resilience moving forward.

Learn How To:

  • Consider new revenue strategies specific to your sector
  • Prepare and monitor a cash flow budget
  • Prepare for necessary financial conversations
  • Track and monitor costs and identify opportunities to free up cash
  • Access relief funds
  • Assess bookkeeping options based on your needs;

Plan Resources

Budget & Finance

Plan

Insurance

Budget & Finance

Plan

Closing your business

Budget & Finance

Plan

Revenue Growth: Creating new revenue strategies

Budget & Finance

Plan

Monitoring financial performance: Using financial ratios

Budget & Finance

Plan

Financing sources: Being prepared for financial conversations

Budget & Finance

Plan

Financial process improvement: Accounting and bookkeeping in the cloud

Respond Resources

Budget & Finance

Respond

Monitoring financial performance

Budget & Finance

Respond

Cash flow management: Assessing cash flow

Budget & Finance

Respond

Cash flow management: Managing accounts receivable

Budget & Finance

Respond

Cash flow management: Managing accounts payable

Budget & Finance

Respond

Cash flow management: Managing costs

Budget & Finance

Respond

Financing sources: Accessing relief funds

Budget & Finance

Respond

Financing sources: Finding new financing sources

Budget & Finance

Respond

Financial management advice