The Flow through of a Profit & Loss Statement in the Context of Hospitality Business World


The School of Hospitality, Tourism and Events (SHTE), Taylor’s University, Malaysia thanked Mr. Bobby Horrigan, VP Hotels - HRAP (Hotel and Restaurant Association of the Philippines), Founder and CEO - Horrigan Hospitality and Group GM - Acacia Hotels, Philippines shared an interesting topic on “The Flow through of a Profit & Loss Statement in the Context of Hospitality Business World” for his Master of International Hospitality Management (MIHM) class to support the initiative of Industry Integrated (i2) Learning Webinar.


Mr. Bobby engaged the student with an extensive step-by-step Profit & Loss statement flow through of a 5-Star Boutique hotel with an investment of RM130 million which benefited the MIHM students to understand the rule of thumb applied for payroll management, GOP, Return on Investment, direct and indirect expenses, management fee, incentives and all the relevant information to run the hotel business successfully. The speaker shared his success stories from his 30 years of experience and highlighted the importance of finance and marketing to sustain one’s business globally.