Master Of Business Administration In Tourism and Hospitality Management

Learn more about the programme

The MBA in Tourism and Hospitality Management and Financial Management program is designed to equip students with advanced expertise in hospitality strategy, financial planning, and performance optimization. It blends theoretical knowledge with practical applications to prepare professionals for complex challenges in both tourism management and financial management. The program covers key areas such as destination management, hospitality operations, financial modeling, budgeting, and global tourism trends. Emphasis is placed on enhancing analytical, leadership, and decision-making skills to drive operational efficiency, business growth, and financial innovation across the tourism and hospitality industries.

MBA: The MBA curriculum consists of 120 ECTS credits of postgraduate study, offered as modular fashion. MBA-candidates in the regular duration programme complete 18 required modules/courses (108 ECTS credits), plus a final Thesis/Dissertation (12 ECTS credits) or 2 additional modules (6 ECTS credits each) all of these focused on a specific field or industry of management.

Course Details

The Tourism and Hospitality Management and Financial Management program provides learners with a comprehensive understanding of hospitality strategies, financial principles, and practices essential for effective decision-making and organizational growth. The course integrates business analytics and economic insights to enhance operational efficiency, financial forecasting, performance assessment, and overall effectiveness in the tourism and hospitality sectors. Participants explore leadership, resource optimization, risk management, and financial planning to drive successful outcomes in tourism and hospitality. Key concepts in global hospitality management, financial markets, and business dynamics are examined to navigate both domestic and international challenges effectively.

Upon completion of the course, you will be able to:

Understand core tourism and hospitality management and financial principles, including budgeting, forecasting, resource management, and financial reporting, to improve decision-making.
Analyze macroeconomic trends and their impact on hospitality operations, financial markets, and investment strategies.
Evaluate microeconomic factors influencing tourism and financial decisions, such as market behavior, cost structures, and competitive strategies.
Develop proficiency in hospitality management techniques, including capacity planning, scheduling, and financial statement interpretation.
Explore financial management strategies, including capital budgeting, risk management, and optimizing hospitality costs for profitability.
Gain advanced knowledge in global tourism operations, financial systems, and investment opportunities to enhance business performance and drive growth in the tourism and hospitality industry.

Accreditation

All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details.

University Progression

Entry Requirements

You are required to hold at minimum a recognised bachelor’s degree with a minimum overall score of 55% (GPA 2.0 on a 4.0 point scale) or higher.

In some instances, you may also require relevant work experience and/or research experience. If applicable, you may demonstrate this through the submission of a CV, portfolio, and/or a personal statement.

English Language Proficiency:

Our programs are conducted in English language. As such, you must demonstrate proficiency in English language by submitting one of the following test scores during the application process:

IELTS Overall: 5.5
TOEFL (iBT: 58+; PBT: 490+; CBT: 167+)
TOEIC Overall: 555+
PTE Overall: 50+
Duolingo Overall: 90+

English Proficiency Waivers:

The English proficiency test is not required for the following candidates:
– Native English Speakers, OR;
– Applicants having completed their schooling in English (i.e. High School Diploma or IB), OR;
– Applicants having completed their undergraduate or graduate studies in English, OR;
– 2 years of work experience in an organization where English is the primary language of communication.

Course Modules

Navigating the MSBM Study Portal

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Course Structure and Guidelines

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Interacting with Lectures/Learning Components

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VIDEO - How to Avoid Plagiarism in Your Writing

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Harvard Referencing Style Guide

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How to Summarise - Assignment Guide

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Summarising, Paraphrasing, Quotation for your Assignment

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Official Title Page

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CASE STUDY - Strategic Management Approach by TESCO

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Analysing Business Environment and its Impact on Strategic Decision Making
Understanding the External Business Environment Dynamics

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Understanding The Internal Business Environment Dynamics

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CASE STUDY - Staying ahead in a competitive environment

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CASE STUDY - McDonald's strategic partnership for innovation as competitive advantage

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Understanding Market Situational Analysis and Organisational Position Measurement

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Analysing The Effects Of Exiting Plans On Organisation
Understanding Mandatory Competency & Competitive Advantage of An Organisation

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Understanding The Relationship Between Corporate, Business & Operational Strategies

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Understanding Strategic Models & Tools

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Analysing and deciding on the strategic options
Developing Appropriate Vision, Mission & Strategic Goals For An Organisation

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Developing An Agreed Strategy Plan For New Action Plan

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Proposing an Effective Structure For Building Efficient Relationships With Stakeholders

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CASE STUDY - Ethics and CSR at Honda

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Understanding organisational strategic change management

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Implementing Strategic Plan

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Strategic Management

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Fundamental Concepts in Marketing

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Understanding The Marketing Mix

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Understanding the Extended Marketing Mix

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Understanding External and Internal Environment for designing a market plan

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CASE STUDY - How Starbucks is using pricing strategy for profit maximization

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Marketing planning and strategy

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Strategising for Marketing Operations

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Marketing Function Interrelationships and Entrepreneurial Marketing

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The Strategic Marketing Process

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CASE STUDY - MasterCard Global Targeted Content Marketing

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Strategic Positioning In the Business Environment

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Segmenting And Targeting Strategies

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Fundamentals of Branding

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CASE STUDY - Starbucks's Misunderstandings In Australia

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Branding Decisions and Strategies

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RESEARCH - Market entry strategies of passenger carmakers

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Understanding Brand Identity Personality And Positioning

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Concepts in Digital Branding

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Strategic Marketing

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Understanding the Principles, Concepts, and Approaches to Leadership

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Understanding Leadership Influences: Individual, Team and The Organisation

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Leadership and organisational performance

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Ethical Decision Making And Organisational Value

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Strategic Leadership

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VIDEO - Human Resource Management Today - An Overview

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Understanding the role of human resource management

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Role of Human Resource Management Strategy in an Organisation

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Contributions of HRM

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Business Dynamics Concerning The Human Resource Strategy

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Case Study - Real-time, authentic employee voice feedback

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Determining Human Resource Requirements

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Fundamentals Of Human Resource Plan

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Legal And Ethical Requirements Of Human Resource Policies

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Human Resource Management And Organisational Strategy, Structure And Culture

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Effective Monitoring Of Human Resource Management Activities
People Development and Human Resource Management

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Case Study - Answering the Phone (Training and Development)

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Developing Human Resource Management, Recruitment and Selection

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Case Study: Solution for Recruiting Hard-to-Fill Positions

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Employee Retention Concepts, Tools and Strategies

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Organisational Theory Underpinning Human Resource Management

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Leadership Practices In An Organisational Context

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Strategic Leadership And Organisational Development

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Exploring Purpose Of Leadership And Evaluating Human Resource Strategy

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Strategic Human Resource Management

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Understanding cost system and its classification
Concepts and Tools of Cost Accounting

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CASE STUDY - Activity based costing in Xu Ji Electric Co. Ltd

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Understanding the Concept and Classification of Sources of Funds

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CASE STUDY - Global Fund Raising Strategies

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Understanding The Financial Performance Analysis

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CASE STUDY - Financial Analysis Reporting

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Understanding the Financial Ratios and its Various Types

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Understanding The Budgetary Concepts and Approaches

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CASE STUDY - How Maritz Accomplished a 40% IT Budget Reduction

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Understanding the Working Capital Management

This lecture explore the cycle to convert your capital and generate profits.
Understanding the Investment Appraisal Techniques

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Strategic Financial Management

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Research Philosophies and Principles
VIDEO - Overview of the Research Onion

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Selecting a Research Topic
Searching and Reviewing Literature
VIDEO - How to write a Literature Review

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Developing conceptual Framework
PDF - How to create a Conceptual Framework

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Research Strategy and Design
Research Methods I

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Research Methods II

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PDF - How Observation is Used As a Research Method

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Research Methods: Data Analysis

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Research Proposal and Writing Up
Research Ethics

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Advanced Business Research Methods

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Factors Affecting the Development of the Tourism and Hospitality Industry

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The Factors Affecting Consumer Demand within the Tourism and Hospitality Industry

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Roles and Functions of Organisations within the Tourism and Hospitality Industry

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The Roles, Functions and Actions of Destination Management Organisations

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The Development of the Tourism and Hospitality Industry

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Introduction to International Tourism

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International Tourism Planning and Development Process

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Tourism Promotion and Travel Distribution System

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Leadership Development in the International Tourism Industry

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Future Trends in International Tourism Business and its Contribution to the Global Economy

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International Tourism Business

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Theories of International Tourism Development

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Responsible Tourism

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Tourism Development Impact

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Theories of Public Policy for Tourism

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International Tourism Policy and Development

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Factors Affecting the Development of the Tourism and Hospitality Industry

Self-paced pre-recorded learning content on this topic.
The Factors Affecting Consumer Demand within the Tourism and Hospitality Industry

Self-paced pre-recorded learning content on this topic.
Roles and Functions of Organisations within the Tourism and Hospitality Industry

Self-paced pre-recorded learning content on this topic.
The Roles, Functions and Actions of Destination Management Organisations

Self-paced pre-recorded learning content on this topic.
The Development of the Tourism and Hospitality Industry

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The thesis in Tourism and Hospitality Management allows students to conduct in-depth research, analyze industry challenges, and propose innovative solutions for sustainable growth and development in the field.

Workshops

Workshops are conducted through live webinars for online students.

Visa Requirements

There is no Visa requirement for this programme.