The main sources of revenue in a hotel are through sales in rooms‚ restaurants and bars. Identify and evaluate other possible sources of revenue. ‘One of the fundamental business concepts is that a company is in business to make money’ (Hales‚ 15:2005). Revenue is the monetary amount that customers pay to receive a product or service and is the first aspect considered when conducting financial analysis as it starts the cash flow process of a company (Hales and Van Hoof‚ 2010). Moyer et al (1995)
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Synopsis of the Situation The Bellagio was one of 23 properties of MGM MIRAGE‚ one of the world’s leading hotel and gaming companies. Located in the heart of Las Vegas‚ The Bellagio was widely recognized as one of the premiere casino resorts in the world. Richly decorated‚ the resort featured a conservancy filled with unique botanical displays‚ and eight-acre lake featuring over 1‚000 fountains that performed a choreographed ballet of water‚ music‚ and lights‚ top-notch amenities and entertainment
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January 7‚ 2014 TITLE: THE REGENCY GRAND HOTEL I. SUMMARY II. 3 ISSUES 1. The employees had much difficulty trying to distinguish between a major and a minor issue/decision 2. Becker introduced the practice of empowerment so as to replicate the successes that he had achieved back home. 3. The good working relationships that were established under the old management had been severely strained. III. DISCUSSION QUESTIONS 1. Symptoms A. We could clearly see that there will
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SOGO HOTEL MISSION To operate growing chain of lodging facilities profitably throughout the country exceeding the expectations the earning loyalty of guest through excellent accommodation and superior service and we do it as a team. VISSION We lead dominate the lodging industry in the Philippines. HISTORY Hotel Sogo was originated by two capitalist-proficient that was clustered in 1992. The individuals are pro-hotel businessman practiced in motel chain as supervisor in over 20 years and a commercial
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Utmost Hotel‚ similar to its name‚ the hotel aims to serve our guests with our five-star services which let the guests indulge in this utmost experience during their stay in the hotel. This luxurious hotel is located on a hilltop where this strategic location enables our guests to enjoy spectacular night view of the whole city‚ feeling as if the city is just under their feet. Our hotel is also a great place for bird-watching and this attracts many bird-lovers to pay a visit to our hotel. This hotel
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By Franko Ference Hotel ratings are often used to classify hotels according to their quality. The development of the concept of hotel rating and its associated definitions display strong parallels. From the initial purpose of informing travellers on basic facilities that can be expected‚ the objectives of hotel rating has expanded into a focus on the hotel experience as a whole. Today the terms ’grading’‚ ’rating’‚ and ’classification’ are used to generally refer to the same concept‚ that is to
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Hotel Security HTT/ 200 September 19‚ 2010 Patti Thomas Hotel Security When the physical safeties of hotel guest are concerned‚ the areas that come to mind are the indicial rooms‚ parking garages and elevators. Since the events of 911‚ the industry has elevated its goal for safety. There are other security issues important in a hotel‚ with regard to protecting a guest‚ maybe surveillance and security staff. Having trained individuals to be on high alert at all times while guests
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Radisson Hotels is one of the leading‚ full-service global hotel companies with more than 420 locations in 73 countries.[1] The first Radisson Hotel was built in Minneapolis‚ Minnesota in 1909‚ and was named after the 17th century French explorer Pierre-Esprit Radisson.[2] The hotel was purchased by Curt Carlson (1914–1999) in 1962‚ and is still owned by his company‚ Carlson. In the United States The majority of Radisson-branded hotels are located in the United States. The company’s headquarters
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indicate how well the company is performing to the external factors. (Hunger. D‚ 2000) The NH hotels has to deal with external factors as well‚ therefore‚ below an EFAS analysis is made: External factors | Weight | Rating | Weighted score | Comments | Opportunities | | | | | * Expansion of their activities | 0.25 | 4.5 | 1.1 | Nowadays‚ South Africa is getting more important for NH Hotels and plays a meaningful role. Mainly because of the black empowerment process to ensure sustainable
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Chapter 1 : Project Overview Background of the Study The existence of many sophisticated computer systems and various innovations that we find in this Information Age justifies the age old saying that necessity is the mother of all inventions. The need to share information in a so called ‘global network’ and man’s desire to communicate from long distances called for the birth of the World Wide Web (formerly known as ARPANET). With the advent of the internet‚ many of the mundane tasks and businesses
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