received against the number blocked out is called the: 5. (TCO B) RevPAR is a product of 6. (TCO B) A daily analysis report generated by the reservations department includes the number of ______. 7. (TCO C) This person is normally in charge of carpet repairs‚ wall washers‚ window washers‚ drapery cleaners‚ and shampooers. 1. TCO A) What are the mathematics of yield management‚ including ADR‚ occupancy percentage‚ and RevPAR? How are these calculated? 2. (TCO A) What are the key functional
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In the following you will find a brief discussion on Starwood Hotel and Resorts Worldwide’s mission and vision statement and a brief profile on the company. Mission Statement Starwood’s mission is to consistently exceed our guests’ expectations in terms of the products and services we provide to our business and leisure travelers. We strive to create an experience that is responsive to our guests’ needs by using the information you entrust us with responsibly. Starwood is committed to respecting
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Indeed‚ its whole business model is based on the quality of its services‚ as it is the main reason why it can charge extremely high prices‚ attracting celebrities and high-end business men. Corporate Strategic Map Financial Perspective Profits RevPAR Add/Retain Value Customer Occupancy Rate Customer Perspective Customer Satisfaction Existing Internal Perspective Migrate Additional Hotel New Brand Reputation Service Quality Best Staff In Hotel Services Capacity‚ Learning & Growth Perspective
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statement. In the year 2011‚ The Imagery Hotel is targeted to contribute sales revenue of INR 165 Million against a projection of INR 140 Million. The Imagery Hotel‚ has to further maintain its market leadership in the city by achieving the highest RevPAR Premium. The marketing plan addresses following major attributes: • Growing need to increase the high rated businesses • Increasing the market share • Segment wise in depth analysis to gain competitor’s business • Channel wise
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Dimensions of lodging Lodging property may be defined as an establishment that chares fees for providing furnished sleeping accommodations to persons who are temporarily away from home or who consider these accommodations their temporary or permanent homes. Many of these establishments also provides food‚ beverages‚ cleaning services‚ and a range of other services normally associated with travel commonly sought by travelers. Different Types of Hotel and Lodging * Limited-Service Hotels. Typically
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Performance dashboard year 2 & 3: 3 Total turnover 4 Figure 1; Total revenue. 4 Figure 2; Net income 5 Figure 3; Total rooms sold 6 Figure 4; Room occupancy % 7 Figure 5; The average room rate (ARR) 8 Figure 6; Revenue per available room (RevPAR) 9 Figure; 7 Public awareness 10 Figure 8; Staff turnover (annual %) 11 Benchmark Internal year 2 & 3 using variance analysis 12 Sales 13 Cost of sales 13 Payroll and Related 13 Gross profit less wages 13 Other direct costs 13
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EXECUTIVE SUMMARY This report is a financial analysis of the NH Hoteles hotel company from the viewpoint of financial analysts wishing to purchase shares in the hospitability-leisure business. Along with NH Hoteles‚ we chose two American hotel chains‚ Hilton and Marriott‚ and one European chain‚ Accor as industry alternatives Our conclusions follow: ·The global travel industry has bottomed out since the dreadful years of 2001 and 2002 and is improving. ·NH Hoteles financial rations do not show
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strong appetite for growth in 2013‚ a trend that is set to pick up pace in 2014. Thanks to the improving economic backdrop‚ this year we anticipate seeing the highest levels of average daily rates (ADR)‚ occupancy and revenues per available room (RevPAR) since 20081. However‚ despite improvements‚ the challenges of an increasingly competitive environment remain: investment and optimisation of capital‚ operational vigour and changing guest demographics will remain top of mind for industry players
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II-SITUATION ANALYSIS a-) Company & Competition Information: 2001 2002 2003 # of Hotel Year End 13 13 12 # of Rooms Year End 1.859 1.714 1.513 % of decrease in Room #s 100 92 (-8%) 81 (-11%) CLTV in 2003 w/Ind. Brd. - - $378 RevPAR $197 $204 $217 Total Revenue (RevPAR * # of Rooms) $366.223 $349.656 $328.321
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2005). The benefits from income statements are that several departments are included for companies to see where there revenue is being generated (Coltman and Jagels‚ 2001). In such statements hotels often refer to their revenue per available room as RevPAR; this assesses the overall earning power of the rooms available for sale and as a key measure for evaluating the usage of accommodation letting spaces (Adams‚ 2006; Barrows and Powers‚ 2009). Walker (2007) notes that yield management‚ also referred
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