Financial analysis of hotel

This Master's thesis presents the external financial analysis of the chosen hotel. The main aim of this thesis is both to determine the current financial situation, and evaluate the dependency of the development from fluctuation in the macroeconomic environment. The first chapter based on professional literature depicts that financial analysis is important business management tool and explains the basic methods of analysis. Practical part specifies the economic situation of the hotel, especially from its relevant market share view. Subsequently the financial analysis (balance sheet, income statement, and cash flow statement) and financial gap analysis follows. The core of the thesis is ratio analysis of liquidity indicators, long-term financial balance, profitability and activity. Kralicek quick test and bankruptcy model IN05 provides the summary view on company's financial health. At the conclusion, company's major strengths and weaknesses are highlighted altogether with the future development outline and presentation of proposals solving the identified deficiencies