alongside it‚ such as the occupancy and Average daily rate‚ these tools can benefit the hotel by helping to make up the department budget‚ forecasting potential and future financial performance. One critical point all hotel must consider when forecasting financial performance is the external factors ‚ these comprise of such factors as ‚ weather ‚ season ‚ national events ‚ politics etc. ‚ being able to effectively evaluate how the factor will affect the hotels occupancy is key in order to accurately
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whether guest satisfaction at various U.S. and international brands influences both brand occupancy percentage and average daily room rate 3 years later. In addition‚ the authors investigate whether the percentage of franchised hotel properties influences both guest satisfaction and occupancy 3 years later. Also‚ they test whether overall brand size has a positive or detrimental effect on future hotel occupancy. Finally‚ whether the change in guest satisfaction for hotel brands effects the change in
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EXERCISE 3–1: Process Costing and Job-Order Costing [LO1] Which method of determining product costs‚ job-order costing or process costing‚ would be more appropriate in each of the following situations? * a. An Elmer’s glue factory. * b. A textbook publisher such as McGraw-Hill. * c. An Exxon oil refinery. * d. A facility that makes Minute Maid frozen orange juice. * e. A Scott paper mill. * f. A custom home builder. * g. A shop that customizes vans. * h. A
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evaluate their impacts on viability of the BHC ‚ returns to herself and outside investors. She has to consider overall effectiveness of financing choices by taking earnings and expenses depending on occupancy levels .Because Daniels think that profitability forecasting of the hotel is related to occupancy levels that are 75 per cent (realistic) and 50 percent (lowest possibility). Any proposal that will give the maximum earnings should be selected in order to raise $2‚275‚000 for BHC. THE BHC PROJECT
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present operation of Peaceful Rest Motor Lodge is losing money and the occupancy is below the industry average despite the low price. Tristan Knaus must decide between making minor changes in the operation or joining a motel chain such as Days Inn and Holiday Inn. Critical Issues Advertisement and Sales Promotion The management does not use enough time or funds to advertise or launch sales promotions‚ resulting in low occupancy rates. This keeps the cost low for Knaus and the customers but he relies
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restaurants‚ while our conference facilities are perfect for meetings and functions. Close to transport‚ entertainment and shopping‚ the hotel is ideally located [pic] What is Your Hotel’s Market Share and Market Penetration? First there was Occupancy Percentage (Total Rooms Occupied divided by Total Rooms Available for Rent) and Average Daily Rate (Total Rooms Revenue divided by Total Rooms Occupied) as the hotel’s base measurements of success.
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220 170 GDS WD 250 230 175 OTA WE 225 220 OTA WD 250 230 WHOLE WE 225 230 175 WHOLE WD 250 220 180 QUARTER 2 – YEAR 2: FORECASTED As we said before‚ in order to develop our Hotel 2‚ we focused our strategy on occupancy driven. As it can be seen from Table 2.1 we forecasted 81% of occupancy in year 2 and ADR of $224 according to our competitors and the season. As we said also before‚ by knowing our competitors ADR‚ we
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broad activity categories and create cost pools by assigning the costs from Table 2 to the pools. Occupancy Cost- Indirect Employee Support cost General and administrative cost Program support cost Occupancy cost- Building Usage Wage Expenses- Direct 4. Identify the cost drivers that have a causal relationship to the activity cost pools created in Question 3. Cost Pool Cost Driver Occupancy costs-indirect Square footage Employee support costs Number of ACDC program employees General
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well as the same set of potential employees. They are both budget hotels‚ right next door to each other‚ with 60 guest rooms each and a view of the beach. The occupancy during peak season for the Sunrise Hotel is 98%‚ but during the winter months goes down to 65%. The Beachside Hotel has peak season occupancy of 90% and off peak occupancy of 50%. Joe is the General Manager of Sunrise Hotel and has been in his current position for 5 years. He has been with Sunrise Hotel for a total of 10 years. He
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hotels‚ is forecast to resume growing. Occupancy rates‚ at an average of 82% for 2007‚ were also higher than other hotel categories. In 2008‚ at the beginning of the economic slowdown‚ the leading player‚ Home Inns & Hotel Management‚ reported an average occupancy rate of 85%‚ compared with 91.1% in 2007. 2 In a sign that the worst of the global slowdown may be over for the Chinese budget hotel sector‚ occupancy for Home Inns was 92.4% for the Second Quarter
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