Research On Cost Control Of XC Company

In order to promote the high-quality development of China’s economy,"cutting overcapacity,reducing excess inventory,deleveraging,lowering costs,and strengthening areas of weakness" has become an urgent task of China’s supply side structural reform.Reducing the operating costs of the real economy is the first step to reduce costs and increase efficiency,and an important measure to improve the vitality of the real economy.As a service industry,the hotel industry has become an important industry of China’s tertiary industry.However,with the change of economic environment and the surge of uncertainty,the competition among enterprises is becoming more and more fierce,especially the sudden epidemic in 2020,which makes the high-quality development of the hotel industry face severe challenges.In order to promote the sustainable development of enterprises and form a lasting competitive advantage in the changing market demand,it is particularly important to effectively control costs.XC company is a comprehensive five-star hotel.Affected by the market environment and policies,the hotel has been in a state of loss in recent years,and the hotel operation has been greatly challenged.Therefore,how to implement effective cost control has become an important task for the sustainable development of the hotel.Taking XC company as the research object,this thesis analyzes the problems and causes of XC company’s cost control by using the methods of case study and comparative analysis,and explores the methods of optimizing cost control,in order to improve the efficiency of XC company’s cost control.This thesis discusses the research background and significance of cost control of hotel enterprises,the research status,research contents and methods of cost control at home and abroad;Guided by the relevant theories of hotel cost control,this thesis expounds the basic financial situation and cost composition of XC company,and analyzes the current situation of cost control of XC company with the help of financial data;Summarize the cost control problems of XC company,such as the relatively fast growth of catering cost,the rising and large proportion of labor cost,the annual growth of energy consumption cost and the unreasonable formulation of target cost,and analyze the causes of cost control problems in XC company,such as inaccurate catering cost control standards,low efficiency of human cost control,improper energy consumption cost control methods and imperfect cost control system;Put forward measures to improve the company’s cost control efficiency,such as implementing catering standard cost control,improving human cost control efficiency,formulating energy consumption cost control objectives,and improving the cost control system.The research on cost control of XC company can help the company change the shortcomings of traditional cost control methods,improve the efficiency of cost control,promote the high-quality development of the company,and also provide experience for cost control of other five-star hotels.