stars hotels in metro cities allot same room‚ more than once a day to different guest‚ receiving almost 24hours rates from both guest against 6-8hours usage with demand and supply disparity‚ hotel rates in India are like to rise by 25% annually and occupancy by 80% over the next two year. This will affect the competitiveness of India as a cost effective tourist destination. Indian hotel industry is adding about 60000quality rooms‚ currently in different stages of planning and development m which should
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000) x 100% = 23.08% Hilton is running above breakeven point at 70% occupancy. That shows that they already surpassed the zero-profit/loss point and making profits. HHW program helps Hilton to increase occupancy and at the same time generate revenues from the program and contribute profit to Hilton. Based on the calculations above‚ we can see that total revenue generated by Hilton is $6‚216‚826‚000 at break-even 70% occupancy with 154‚000 rooms in year 1998. Each room is charged at $158 per night
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total invested capital of approximately 17%‚ with a return on equity of over 40%. This is an excellent hotel investment. -A new strongly branded limited service hotel opening in 2013 would be expected to produce performance results as follows: Occupancy Percent Year Year Year Year Year Year Year Year Year Year I II III IV V VI VII VIII IX X 63.5% 72.1% 72.6% 72.3% 72.6% 72.3% 72.2% 72.0% 71.8% 71.8% Project Summary Average $ $ Rate REVPAR $103.94* $108.00 $115.04 $117.92 $119.68 $120.87 $122
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Introduction to Hospitality Industry The hospitality industry is part of a larger enterprise known as the travel and tourism industry. It is one of the oldest industries in the world. In early days‚ traders‚ explorers‚ missionaries and pilgrims needed a break in their journeys requiring food‚ shelter and rest. People opened their homes and kitchens to these weary travellers‚ and an industry was born. Although accommodation today is varied and their services have changed and expanded over the
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Date: February 7‚ 2014 To: Andrew Mayd‚ President and CEO‚ GR Hotel From: Chris Mell‚ CMA Subject: Occupancy rate improvement and organizational issues solutions EXECUTIVE SUMMARY GR Hotel Corporation (GR) is a privately-owned company that has been founded by a German family in the late 1980s. It operates two large mid-scale hotels in downtown Montreal and Toronto airport location. They are well-known for offering good quality services that rarely can be provided by mid-scale hotels. Recently
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Co Exhibit A HOTEL CONTINENTAL INCOME STATEMENT For the Years 1987-1988 Revenues 1987 1988 Rooms P 1‚969‚722.18 P 2‚515‚575.96 Food P 4‚843‚486.42 P 5‚426‚843.98 Beverage P 637‚862.39 P 684‚983.02 Laundry P 23‚070.24 P 29‚175.00 Telephone P 147‚417.16 P 175‚163.14 Swimming Pool P 156‚718.28 P 182‚718.45 Other Income P 660‚336.83 P 842‚985.15 Total Revenue
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Labor room 1:1 ICU 1:2 Requirement for the three shifts (AM/PM/Night) is as follows: (for 100% occupancy) 7.00 am – 3.00 pm : As Above x no. of beds 3.00 pm – 11.00 pm : 85% of the morning shift 11.00 pm – 07.00 am : 75 % of the morning shift For Example‚ for a ward with 30 beds distributed as: VIP=1 / Deluxe room=3/Private rooms=16/Gen.ward=10 beds‚ Nursing requirement at 100% occupancy will be as follows: AM = 1+1+4+2 = 8 PM = 85 % of AM shift needs = 0.85+0.85+3.4+1.6 = 6.7 Night
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Discuss how the strategic behaviour of BPL would be affected by changes in GDP Gross Domestic Product (GDP) is a measure of the country’s national income and it is calculated by aggregating the income of the total population resident in the UK over a period of time. Fig.2 provides data on the percentage rise or fall of GDP for each quarter of the year from 2006 to 2010. During the first two years of the time series there is positive growth‚ which means that the UK economy was expanding and
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Ecological and Environmental Concerns and the Growing Regional Response 2.0 OVERVIEW OF DUBAI HOTEL PERFORMANCE . 2.1 Luxury Hotels Supply and Demand Summary (2007) 2.2 Luxury Hotel Room Occupancy Indicators (2000-2006) 2.3 Luxury Hotel Bed Occupancy Indicators (2000-2006) 2.4 Luxury Hotel Average Room Rate Indicators (2000-2006) 2.5 Luxury Hotel RevPAR Indicators (2000-2006) 2.6 Luxury Hotel Revenue Indicators (2000-2006) 3. COMPETITIVE SET
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among the four properties. The capitalization rate of sale is second highest‚ too. However‚ in the short run‚ it has the lowest capitalization rate for purchase and increase in capital value. As it was an existing apartment with occupancy of 97% while the break-even occupancy was 82%‚ the cash flow was expected to be more stable than other office buildings. There was also
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