Abstract:

This paper aims to analyse trends in hotel cost structure, especially in the Czech republic due to an innovative approach to. To this end, a survey was conducted with firms of the Czech hotel sector with the use of questionnaires. Emphasis was placed mainly on the structuring of cost items and their importance in intercompany accounting. Attention was also paid to the allocation of costs in terms of breakdown to the individual species, breakdown by purpose, to the calculation of product differentiation view or cost in terms of time. Results show that hotel enterprises have a high fixed cost structure and face a high level of indirect costs also. The results of the study recommend that hotels are increasingly challenged to find ways to reduce costs without service-high-quality waiver. A study on cost structures helps to identify and focus on the innovative practices that the hotel sector needs to apply in order to manage costs in the future. That means hotel companies need to modernize their cost accounting systems by implementing modern cost-management, for example activity based casting, together with good management and appropriate cost management as a crucial key leading to the financial success of hotels.