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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1. Rick Everist welcomed Jeff Howe‚ the new owner of the Lodge and Cabana. 2. Minutes from the March 11‚ 2015 Annual Meeting were reviewed. On a motion made by Mark McCulloch and seconded by Ted Odle‚ the Minutes were approved as written. 3. The 2016 Budget‚ Balance Sheet and P&L Statement were discussed: a. Income: $50‚000 b. Expenses: $32‚000 c. Cash Balance: $26‚000 d. Receivables: Meriwether has a fair amount of receivables. It will be up to the Board of officially write off unrecoverable
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Carlo V. Austria I. Overview * The case is about the Accra Beach Hotel on the Caribbean island of Barbados. West Indien Cricket Servies‚ an important international sporting event‚ sent a request to the hotel manager of the Accra Beach Hotel that concerns hosting WICS accomodation for a special rate. This rate involves a discount for 50 of the 141 rooms of the hotel. It is now then the call of the sales manager whether to accept the inquiry or not. But before the manager could decide on the
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2012 in his thesis titled “Customer Relationship Management in Hospitality with reference to five star hotels in India” has studied on the aspects of Customer Relationship Management practices followed in India; Studying the effect of CRM practices on the service quality as perceived by the customers of the hotels in the study; Determining the word-of-mouth advertising and referrals gain by the hotels as outcome of CRM and Analysis of impact of CRM practices on satisfaction‚ retention‚ grievances‚ perception
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and more competitive. As it is becoming more spirited‚ various problems are emerging as well. Serena Hotel is a famous hoteling Chain‚ having 36 luxury resorts‚ lodges and hotels‚ operating in Asian & African countries.Recently it has been noted that there is a plunge in the level of customer satisfaction at the Quetta Serena Hotel. The aim of this research is to evaluate if the Quetta Serena hotel is aware of the importance of its front line employees in service delivery and what is being done to
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NAME: KRISTIJAN MITIC ID: 10058 TITLE: AVARI RAMADA HOTEL: PRICING HOTEL ROOMS COURSE: PRICING POLICY INSTRUCTOR: IRENA NIKOLOVSKA DUE DATE: 22 DECEMBER 2014 Avari Ramada Hotel: Pricing Hotel Rooms BACKGROUND Five-star hotel affiliated with the Ramada Renaissance hotel chain. Located in Lahore‚ the capital of the Punjab province in Pakistan. Established in 1978 by Byram Avari as part of the Hilton hotel chain. Independently operating since 1987. ROOM RATES AND PRICING POLICY Avari priced
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evident from the organisation’s strategic actions. Sharp’s decision to build on high-end luxury and modern amenities so as to outdo the old grand hotels (p.3‚ para.3) is an example of efforts to pursue new opportunities or defend against threats as well as actions to outcompete rivals‚ which provides basis for differentiation. By focusing on medium-sized hotels of exceptional quality with exceptional service levels (p.3‚ para.3)‚ Four Seasons defines the business scale and differentiates itself from competitors
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our presentation is going to bring out the success and potential issue of Banyan Tree Holdings Banyan Tree is a leading manager and developer of resorts‚ hotels and spas throughout the Asia Pacific. The first Banyan Tree’s hotel and resort was set up in Phuket in 1994; Up till now‚ Banyan Tree is associated with more than 25 resorts and hotels‚ over 60 spas and 80 galleries‚ as well as 3 golf courses. How did they do that so quickly? Mr. Ho Kwon Ping‚ chairman of Banyan Tree holdings limited‚ said
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CASE: TWO EUROPEAN HOTEL GROUPS CONTENT 1 Financial statements ........................................................................................................................ 3 1.1 Impact of operating leases ............................................................................................ 3 1.2 Depreciation rates ......................................................................................................... 3 1.2.1 Accor
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Summer Hotel Berhad is a public corporation in service industry in term of hospitality provided to local customer and tourisms. It has five years of history where it established in November 2012. Summer Hotel was located in Wangsa Maju‚ Kuala Lumpur. In 2016‚ another hotel was establish in Singapore. The corporation has over 350 employees. The name “Summer” come from the idea of founder that described our country’s weather. Proper manpower planning also called as human resource planning to allocate
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