Revenue Estimates Revenue Item 100% Monthly 75% Monthly 50% Monthly Notes Rooms $2‚956‚500 $2‚217‚375 $1‚478‚250 8‚100 daily Leases $180‚000 $135‚000 $90‚000 TOTAL REVENUE $3‚136‚500 $2‚352‚375 $1‚568‚250 Expences TOTAL VARIABLE COSTS $454‚000 $340‚500 $227‚000 TOTAL FIXED COSTS $1‚403‚000 $1‚403‚001 $1‚403‚002 TOTAL EXPENSE BEFORE IT $1‚857‚000 $1‚743‚501 $1‚630‚002 EBIT $1‚279‚500 $608‚874 -$61‚752 Depreciation $320‚000 $320‚001 $320‚002 EBITDA
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Recommandations 10 6. References 11 Executive Summary In the given case study‚ Snow the revenue manager of the Hamilton hotel has to make a decision which is to accept the group of not for 22nd August. As it is a business hotel and generally it is difficult to have a full house on the weekend. She also needs to keep in mind that there is no situation of overbooking in the hotel. It is a situation of the hotel concentrating on the maximization of profit by filling up the rooms but they can
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Starwood Hotels & Resort http://www.starwoodhotels.com/ Their Sustainability Efforts: a 30% reduction in energy and 20% reduction in water consumption per built hotel room by 2020 A 30% reduction in GHG emissions per built hotel room by 2020 promotes economic growth through proper training and learning opportunities Starwoods supports the community and employees in emergency situations providing funds and ground support to assist in recovery and rebuilding efforts Starwood supports and encourages
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CASE #7 ACCRA BEACH HOTEL: BLOCK BUILDING OF CAPACITY & REVENUE MANAGEMENT PRODUCT SERVICE DR. KERK BURBANK DONE BY KEZIE THOMAS September 30‚ 2011 1. What are the key considerations facing the hotel as it reviews the booking request from the WICB? Three concerns that Cherita and the GM should question when reviewing the booking request from the West Indies Cricket Board (WICB) are: i. Whether revenue- Income/Expenses‚ would be good or not ii. The impact on their regular guests‚ i.e. the
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Executive Summary “Rosewood Hotels and Resorts” is considering a branding strategy to drive growth. The President & CEO‚ John Scott as well as the VP of marketing and sales‚ Robert Boulogne are considering 2 options; namely * Carry out corporate branding effort to create an umbrella brand‚ linking all of their individual properties and increasing cross sales and retention rate * Introduce a reward system to encourage customers of one location to visit other Rosewood properties.
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Executive Summary This essay looks at the Ritz-Carlton hotel operations‚ marketing strategies and service qualities. The essay will also include the transformational process model (including inputs and outputs) like shown in the Hospitality Operations A system approach book by Ball et al. (2003)‚ also market segmentation‚ differentiation and position in the market. The information was obtained from different literature such as academic journals and topic related books. RITZ-Carlton
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www.palgrave-journals.com/rpm Examining the determinants of room rates for hotels in capital cities: The Oslo experience Christer Thrane Received (in revised form): 7th November‚ 2006 Department of Social Sciences‚ Lillehammer University College‚ 2626 Lillehammer‚ Norway. Tel: þ 47 61 28 82 47; Fax: þ 47 61 28 81 70; E-mail: Christer.Thrane@hil.no Christer Thrane is Professor of Tourism in the Department of Social Sciences at Lillehammer University College‚ Norway. His research interests
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Hotel and Restaurant Research Strategy Restaurant strategies to attract customers Impact of incentives to employees Effective Customer care Hotel guest satisfaction Factors to develop tourism in your place Problems that occur in hotel and restaurant Hospitality Generally‚ hospitality refers to jobs in the hospitality industry‚ such as hotels‚ restaurants‚ catering‚ resorts and casinos as well as other hospitality positions that deal with tourists. Hospitality involves the relationship
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Silpakorn University International College 912 208 Practicum in Housekeeping and Front Office II ECO-FRIENDLY HOTELS RESEARCH Instructor: Aj. Wonrasak Sucher Submitted by: An Ngoc Van DO 90520165 I. Introduction to green hotels/ resorts: Green hotels or Eco hotels are environmentally friendly properties that take the initiative and implement very important practices and programs to reduce energy‚ water‚ and waste. That is participating in recycling programs‚ linen changing programs
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STATEMENT OF THE PROBLEM - - - - - - - - - - - - - - - - - - - - - 5 1.2 STATEMENT OF GOALS/OBJECTIVES - - - - - - - - - - - - - - - - - 7 1.3 SIGNIFICANCE OF THE STUDY/PROJECT RATIONALE - - - - - 9 1.4 SCOPE & LIMITATIONS - - - - - - - - - - - - - - - - - - - - - - - - - - - - 11 Chapter 2 2.0 REVIEW OF RELATED STUDIES/LITERATURE - - - - - - - - - - - 13 Chapter 3 3.0 PROPOSED METHODOLOGY/ - - - - - - - - - - - - - - - - - - - - - - - 16 3.1 TECHNOLOGY SOLUTION Chapter 4 4.0
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