Preview

Hotel Industry

Powerful Essays
Open Document
Open Document
6607 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hotel Industry
Business 599 – Final Project
Business Plan

“Radhe Palace” Hotel & Suites

Southern States University
Newport Beach Campus
Winter 2012

Kunal S Shah

Professor
Gary W. Lawson, DPA

Non-disclosure and confidentiality agreement

The undersigned _______________ hereby agrees that all financial and other information that he will receive concerning “Radhe” Hotel & Suites is confidential. The information shall remain the property of “Radhe Palace” Hotel & Suites and shall be returned to “Radhe Palace” Hotel & Suites promptly upon request together with all other copies.

Recipient acknowledges that no remedy of law may be adequate to compensate “Radhe” Hotel & Suites for a version of this agreement and recipient hereby agrees that in addition to any legal or other rights may be available in the event of a breach hereunder, “Radhe” Hotel & Suites may seek equitable relief to enforce this agreement in any court of competent jurisdiction.

____________________________ _________________
Signed Date

This document contains confidential information. It is given to you for information purposes only. Its contents shall remain the property of “Radhe Palace” Hotel & Suites and shall be returned to “Radhe” Hotel & Suites when requested. This business plan does not imply an offering of securities.

Table of Contents

1. Executive summary 1. Mission statement 2. Vision statement 3. Objectives 4. Keys to success
2. Company summary 1. Company ownership 2. Start-up summary 3. Legal requirements
3. Products/Services 1. Products/Services
4. Market analysis summary 4.1 Market Description 4.2 Market segmentation 4.3 Target market segment strategy 4.4 Market needs 4.5 Industry analysis
5. Strategy



References: Lipson, C. (2006). Cite right. Chicago, IL: The University of Chicago Press. Amato, C.J. (2008). The world’s easiest guide to using the APA (4th ed.). Corona, CA Alai, David, Diana Kramer, and Richard Montier Peterson, Pamela (1999). Analysis of Financial Statements. New York: Wiley. p. 92. ISBN 1883249597. Butscher, S., Vidal, D., & Dimier, C. (2009). Managing hotels in the downturn: Smart revenue growth through pricing optimization. Journal of Revenue & Pricing Management (2011) Watkins, E. (2010). MARKETING PROS GO TO WAR. Lodging Hospitality, 66(2), 32-34. Retrieved from Business Source Premier Database Robert, H (2011) Business Plans & Financial Statements Template Gallery American Hotel and Lodging Association, 1201 New York Ave. NW., Suite 600, Washington, DC 20005-3931. Retrieved November 3rd, 2011 from http://www.bls.gov/oco/cg/cgs036.htm 2011 SDM, City Information Reviews and advice on hotels, retrieved November 10th, 2011 from www.tripadvisor.com Current and Quick ratio, retrieved November 13th, 2011 from Yahoo Finance Journal Diane, C. (2011) HVS International Journal. Hospitality FF & E Purchasing, Retrieved November 12th, 2011 from http://www.hvs.com/emails/journals/alis/hospitalityff&e.htm Business plan hand book, 2011 U.S. Census Bureau (2011). U.S. Census Bureau State & County Quick facts Hartman, Dennis

You May Also Find These Documents Helpful

  • Powerful Essays

    Omni Hotels and Resorts

    • 6877 Words
    • 28 Pages

    Omni Hotels and Resorts is a member of the hospitality industry. For the remainder of this report, it will be referenced, compared and analyzed on how best it fits into the hospitality industry in the United States economy. Omni Hotels and Resorts is a relatively small player in the hospitality industry when compared to Marriot, Hilton, Radisson or Best Western, but none the less has recognized suitable returns for its respective market share. To better classify and study Omni’s performance it is necessary to tighten the focus of what its specific industry really is. The hospitality industry and more exclusively, the hotel industry, is structured with the following classifications: Luxury, Upper Upscale, Upscale, Midscale with F&B (Food and Beverage), Midscale without F&B, and Economy. Omni Hotels falls into the upper-upscale market alongside competitors such as Hyatt, Hilton Hotels, Sandals Resorts, Doubletree, Sheraton Hotels and Resorts and many others. Omni Hotels best fits, or caters to, the target market of a traveling business person within the upper-upscale level of hotels. This specific market seeks to provide services and amenities needed to perform and conduct business in a timely and fashionable manner, while away from the home office.…

    • 6877 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    Indian Hotel Industry

    • 2264 Words
    • 10 Pages

    In India, the hotel industry has monitored enormous boom in current years. The industry is linked with the tourism industry and the growth of hotel industry was fuelled by the tourism industry. It’s been seen that the industry offers luxury and comfort service to increase the foreign exchange of the economy. Early in 1980’s, the hotel industry in India was a budding industry consisting of single hotel companies. Increase in demand for hotels was high in late 1990’s. The increase in business opportunities and flourished economy has boosted the level of growth in hotel industry. According to a report, the Indian hotel industry has a current supply of 110,000 rooms and a scarcity of 150,000 rooms. According to ballpark figure, demand will go above supply by 100% within the next 2 years. The hotel industry in India is going to look rosy in the future. For the next few years, it is seen that the mid-market and budget hotel are going to observe massive growth and development while the segment of luxury will continue to carry out well.…

    • 2264 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    References: Powers, T., & Barrows, C. W. (2006). Introduction to the hospitality industry (6th ed.). Hoboken, NJ: Wiley.…

    • 790 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Peaceful Rest Motor Lodge

    • 1890 Words
    • 5 Pages

    Hayes, D. (2005). Pearson - Hotel Operations Management, 2/E - David K. Hayes & Jack D. Ninemeier (Vol. 2E): Prentice Hall.…

    • 1890 Words
    • 5 Pages
    Better Essays
  • Good Essays

    References: Philip Kotler, John T. Bowen, James C. Makens 2006 Fourth Edition, Marketing for Hospitality and Tourism, Prentice Hall, New Jersey.…

    • 745 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Hilton Hhonors Case Study

    • 2564 Words
    • 11 Pages

    Pizam, A. (2010). International Encyclopedia of Hospitality Management (2nd Edition). Burlingter, MA, US: Elsevier Ltd.…

    • 2564 Words
    • 11 Pages
    Best Essays
  • Better Essays

    Careers in Lodging

    • 1181 Words
    • 5 Pages

    Maria Ransom Strayer University Alexandria Campus Professor: Jennifer Gallagher HTM 100 - Principles of Hospitality and Tourism Management February 3, 2012…

    • 1181 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Review Exercise 1 on p. 306 of Introduction to the Hospitality Industry and answer item b.…

    • 483 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Modes of Travel

    • 449 Words
    • 2 Pages

    References: Powers, T., & Barrows, C. W. (2006). Introduction to the hospitality industry (6th ed.). Hoboken, NJ: John Wiley & Sons.…

    • 449 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Welcome to Cruder Wireless! We are the leading wireless communcations company in the United States, based in Columbus, OH we provide wireless communcation to more than 120.1…

    • 1793 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    References: Cetron, M. (2006). Hospitality 2010— the Future of Hospitality and Travel. New Jersey: Pearson Prentice Hall…

    • 3715 Words
    • 15 Pages
    Best Essays
  • Powerful Essays

    Environmental audit of IHG

    • 1789 Words
    • 8 Pages

    7. Jones, P (2009). 'A ‘sound strategy’ for Intercontinental Hotels ', Tourism & Hospitality Research, 9, 3, pp. 271-276, Hospitality & Tourism Index, EBSCOhost, [Accessed 14 November 2013]…

    • 1789 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    room division

    • 2180 Words
    • 9 Pages

    References: *Rutherford, 2007, hotel management and operations, 4th edition, John Wiley and Sons, Inc., Hoboken, New Jersey.…

    • 2180 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Online Reservation Systems

    • 1250 Words
    • 5 Pages

    It is very important to have detailed descriptions and good quality photos from the hotels. It is also essential to indicate the discounts, offers, the services of the hotels and to detail what the price of the room comprises (breakfast, parking, internet/Wi-Fi use, sauna, fitness room, etc.).…

    • 1250 Words
    • 5 Pages
    Powerful Essays