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Pdf cost control for the hospitality industry download. Management lead subordinates successfully into productive working methods by setting an. Hospitality industry providers have begun focusing greater attention on increasing their revenue, minimizing costs, and maximizing profit levels, without affecting the quality of service they can provide, relative to the cost of providing those services. Revenue management, cost control, and financial analysis in the hospitality industry by godwin. Table of contents chapter 1 introduction to hospitality accounting 1. Studies by kellog et al 1997 have shown that service quality control has been receiving much attention. Hospitality industry is one of the business entities that budgeting must be functional and active.