Power generation is one of the major industries or businesses globally. Although, at present, a major attention has been paid towards the sustainable energy technologies, both gas and steam turbines are still heavily used in the power generation sector worldwide. Usually, gas turbines are used to drive an electrical power generator in simple systems, or they are used in combined cycle plants together with steam turbines. This paper presents a comprehensive review on modelling of heat transfer and fluid flow in hot section of gas turbines used in the power generation sector. Visibly, heat transfer and fluid flow characteristics directly affect the thermal efficiency and the overall performance of the gas turbines. Hence, existing models relating to heat transfer and fluid flow inside gas turbines are discussed in detail. Primarily, methods relating to the first principle modelling, empirical modelling, and finite element modelling are reviewed comprehensively, and then, a discussion is provided together with a comparison among models in terms of their advantages and disadvantages. Moreover, some existing issues such as the environmental impact are discussed which still remain as challenges to the power generation industry together with some of the possible future directions for improvements.