By Venus Wu
Unlike the other seven undergraduate colleges, the School of Hotel Administration is particularly market-driven because of its status as a “tub college.” Although this grants the School more financial independence, the University’s policies — including an across-the-board 4.8 percent budget cut — still directly affect how the Hotel School manages its $60 million budget.
“We are responsible for our own expenses and have our own revenue streams while we pay certain charges to the University, but we operate financially with a bit more independence than the other schools and colleges,” said Michael Johnson, dean of the Hotel School and the E.M. Statler Professor.