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)
Premium Hotel Hospitality industry
departments operating budgets when the rate of actual calls for structured fires are on the decline. Post 9/11 the federal government set aside millions of dollars in grant money for apparatus equipment and training supplementing operational costs of fire departments across America. With the depletion of those federal monies‚ local governments are scrutinizing their budgets overall in attempts to cut corners and keep the cost within reason. Even though all aspects of municipal budgets succumb to
Premium Firefighter Federal government of the United States Emergency medical services
spiritual healing processes. Hospitals focus has shifted recently in that they no longer just treat ailments‚ but instead hospitals are starting to focus on the healing of the person as a whole (physically‚ mentally‚ and spiritually). This paper will address the healing components of a healing hospital and the challenges that form when a healing environment is created. Hospitals have been thought of as places to cure disease‚ but now new ideas are emerging about how hospitals should be‚ and how they
Premium Health care Healthcare Patient
Market value: USD68.4 billion • Attractive opportunities Healthcare revenue in India is set to reach USD158 billion by 2017; expenditure is likely to expand at a CAGR of 15 per cent over 2012– 17 Rising incomes‚ greater health awareness‚ lifestyle diseases and increasing access to insurance will contribute to growth Investment in healthcare infrastructure is set to rise‚ benefiting both ‘hard’ (hospitals) and ‘soft’ (R&D‚ education) infrastructure Medical tourism is emerging
Premium Health care Health insurance Health economics
through the Budget to overcome limitations in the free market economy. Thus‚ in the 2012-13 Federal budgets‚ it has in some degree successful to overcome these limitations. Introduce Budget The Australian Federal Budget is an official document that is presented in Parliament to the parliament by the Treasurer. Its main purpose is to reveal the governments planned expenditure and revenue for the next financial year. Limitation Under the free market system‚ some needs of the community may not
Premium Economics Government President of the United States
Problem Summary The Riverview Children’s Hospital is eight months behind schedule with the implementation of a new computerized financial system. Management wants the system to be in place by the end-of-year audit [April]‚ which is only six weeks away. However‚ management estimates that there is only a fifty percent chance that the system will function correctly if its implementation is rushed. While this makes a case for delaying the implementation‚ it also pushes the schedule into another
Premium Fiscal year Computer Project management
Theme: ―Sustaining Confidence in the Future of the Ghanaian Economy‖ REPUBLIC OF GHANA BUDGET SPEECH BUDGET STATEMENT AND ECONOMIC POLICY of the GOVERNMENT OF GHANA for the 2013 FINANCIAL YEAR Parliament On th Tuesday‚ 5 March‚ 2013 PRESENTED TO SETH E. TERKPER Minister for Finance On the Authority Of the H.E PRESIDENT JOHN D. MAHAMA 1 Theme: ―Sustaining Confidence in the Future of the Ghanaian Economy‖ INTRODUCTION 1. Mr. Speaker‚ I beg to move that this
Premium Macroeconomics Public finance Peak oil
produced revenues estimated at 2.5 billion Euros (more than US$3 billion) and better per passenger results. 1 Revenues from non-ticket sources‚ which are called ancillary revenues‚ have become an important financial component for low cost carriers (LCCs) in Europe and throughout the world. Michael O’Leary‚ Chief Executive of Ryanair‚ Europe’s largest LCC‚ wants to offer free airline tickets by replacing traditional ticket sales with revenues produced by ancillary activities.2 His statement reflects
Premium Southwest Airlines Low-cost carrier Airline
6/21/12 IBS Case Studies IBS Hyderabad Date: 21/06/2012 Time: 23:52:14 ITSY/041 IBS Center for Management Research License to use IBS Hyderabad for Sem I‚ class of 2014 Bumrungrad’s Hospital 2000 Information System This case was written by K. Prashanth‚ under the direction of Vivek Gupta‚ IBS Center for Management Research. It was compiled from published sources‚ and is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective
Premium Microsoft Microsoft Windows Windows 2000
Practical – 1 Chalk out the storyboard and design of Diary Food Limited. As the name reflects your site Dairy Products and aims at opening on online store. Your storyboard should cover all the features that you plan to have on the site. Design of online dairy products Online shopping Welcome to Online Store List of dairy Products Products Rates Milk 20Rs./Kg Curd 20Rs./Kg
Premium World Wide Web Internet Web page