Professor Elam

Sat Sept 11, 2010

The supply of hotel rooms in downtown  San Antonio has grown 30% the last few yers, with more on the way. 

This picture will be repeated again and again over and over for the next nine years until this 18 year period of stagnation ends. So how does this affect a student at Texas A & M S A?  This oversupply extend to those seeking employment. Since there is reduced demand, business is not making more product. Business has borrowed using current low interest rates, that way they will not be shut out if another banking crisis occurs, well actually the last one never ended it was just  declared at an end. 

We will study break even in cost managerial, the manager of the  historic Menger Hotel says that he is just renting rooms trying to cover costs. I used to drive down from San Marcos and wondered at why so many shoebox style motels were being built. They are all three story, look like a shoe box on its side, and they are everywhere. Is there that much demand for a motel room?  no there is not. 

It will be necessary to distinguish yourself from others seeking employment. The best way to do this is to obtain an accounting certification. We will be exploring these opportunities over the semester.  

Under Accounting Links you will see the heading Accounting Certifications. Please examine this list carefully. The lead certs are CIA CMA and CPA but IT cderts are gaining fast. Plan to get on board.