The Effect of Budgetary Control on Financial Performance of Kigali Serenahotel in Rwanda

Abstract

The present research on "The Effect of Budgetary Control on the Financial Performance of Hotels in Rwanda": Case Study of Kigali Serena hotel attempted inside a time of 2010-2015 had target of investigating the impact of budgetary control on the money related execution of lodgings in Rwanda. The review utilized both essential and auxiliary information and interred into SPSS and after that examined utilizing graphic insights for fluctuation examination. An organized poll was given to a specimen of 25 representatives drawn from an aggregate populace of 52 workers. Basing on information, the review uncovered that, there is a solid positive relationship between budgetary control system and monetary execution with connection coefficient, r=0.752 and p=0.01. Since r>0.1, consequently, monetary execution as measured by ROA is emphatically impacted by budgetary control methods. The respondents contended that the way toward planning relies on upon past execution while hierarchical execution now days relies on upon the accessibility of recourses and how clients see the client benefit set up, nature of administration, conveyance and dispersion, rivals in a similar industry lastly correspondence to the customers. Budgetary controls are viewed as imperative instrument in arranging and control of assets to upgrade execution in numerous associations.