HOTS 1. Introduction Crystal Hotel is a quality 3-star hotel‚ which has been operating for three years since taken over by a new management team. The goal for the new management team is to improve the hotel’s reputation‚ market share and financial performance in a competitive market area. This report consists of two main sections. First section is to analyse the objectives‚ strategies and outcomes of the business for first three years in detail. Secondly‚ a financial analysis such as total revenue
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AN HVS WHITEPAPER Hotel Room Supply‚ Capital Investment and Manpower Requirement by 2021 INDIA PREPARED BY: HVS – India Office 6th Floor‚ Tower C Building No. 8 DLF Cyber City – II Gurgaon 122002 India Tel: +91 (124) 4616000 Fax: +91 (124) 4616001 SUPPORTED BY: March 2012 March 2012 Dear Industry Colleagues‚ 6 Floor‚ Tower C Building No. 8 DLF Cyber City – II Gurgaon 122002 India +91 (124) 46616000 TEL +91 (124) 4616001 FAX www.hvs.com th Atlanta Boston Boulder Chicago Dallas
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Waterfront Mactan Casino Hotel‚ Inc. (WMCHI) ANALYSIS OF FINANCIAL PERFORMANCE Profitability Analysis 2008 0.084266313 0.046495453 0.009816935 0.027953925 2007 0.115098173 0.042234313 0.018062622 0.054801237 Profitability Analysis Return on sales Return On Assets Return On Equity WMCHI’s net income for 2008 improved by .004 points‚ but reflected a 50% decline on its ability to use its assets as a source of revenue. Moreover‚ because of the company’s heavy reliance on borrowings from financial
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INTRODUCTION Over the years‚ the internet has greatly changed the way people use computers and communicate today. Many Internet terms have become part of people’s everyday language and e-mail has added a whole new means through which people can communicate. By the turn of the century‚ information‚ including access to the Internet‚ will be the basis for personal‚ economic‚ and political advancement. The popular name for the Internet is the information superhighway. Whether you want to find the latest
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Table of Contents Abstract 3 I. Introduction 4 II. Development of discussion 5 III. Conclusion 8 Reference 10 Abstract In the hotel business‚ pricing is one of the most important factors‚ besides the qualities of offering service that decide the customers’ satisfaction and the reuse service tendency of these customers. In other words‚ it decides the profitability of each hotel chains. However‚ in contrast of this important role‚ these hotels do not apply the appropriate pricing
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HANDLING GROUPS Groups can bring in huge revenue for a hotel but they make a lot of work. This statement is very much true as groups take up a number of rooms in a hotel all at once bringing in a huge amount of income at one particular point in time. In order for this to go smoothly‚all hotel departments need to be given details of group arrivals well in advance so each department can make their own necessary arrangements to be able to handle groups. Various departments would have to work closely
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Case 3-1 HOTEL CONTINENTAL In July 1989‚ Mr. Oscar Mendoza‚ owner of Triumph Tours read in the newspapers anadvertisement for the leasing of Hotel Continentals facilities. During the last six months‚ OscarMendoza has been seriously thinking about operating a hotel to complement his travel agency business.Oscar Mendoza had been experiencing difficulties in getting hotel accommodations for his tour groupssince last year during the peak travel months of December‚ January‚ July and August.Hotel Continental
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I. Table of Contents * Resume * Introduction of the Hotel a. Mission and vision SWOT analysis b. List of departments ( flow chart ) c. Responsibilities
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HRM Individual Assignment 2 –Ritz-Carlton Hotels Introduction: The Ritz-Carlton Hotels was primarily a management company operating 38 hotels and resorts across the globe by the end of 2000. The primary growth strategy for the Ritz-Carlton Hotels is to obtain management contracts for new hotels and resorts around the world. One of the important processes of the new hotel opening process is to staff the hotel. In order to hire the right person for their company and hotel‚ they have specific selecting
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Top Three Competitors. When looking for competitors of hotels‚ there are many different things to consider‚ like price‚ amenities‚ the history of the hotel‚ star rating‚ and more. I mainly focused on price amenities and the history of the hotels. To start The Grand Hotel was the cheapest of the all the hotels which is nice if you are trying to save a few dollars but still stay in a very nice place. The Grand Hotel was anywhere from 130-190 a night. The Depot was the second cheapest at a price that
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