JANUARY 2011 HVS HOTEL DEVELOPMENT COST SURVEY 2010 Elaine Sahlins Senior Vice President‚ HVS San Francisco Consulting & Valuation HVS Consulting & Valuation | 100 Bush Street‚ Ste 750‚ San Francisco‚ CA 94104‚ USA HVS Hotel Development Cost Survey 2010 Elaine Sahlins – January 2011 HVS has tracked hotel construction costs throughout the United States since 1976. The survey considers data for six lodging types: Economy/Budget Hotels‚ Midscale Hotels w/o F&B (without Food and Beverage)
Premium Hotel Hotels Motel
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
Chapter 1 The Problem and it’s Background I - Introduction A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation‚ in time past‚ consisting only of a room with a bed‚ a cup board‚ a small table and washstand has largely been replaced by rooms with modern facilities‚ including en-suite bathrooms and air conditioning or climate control. The cost and quality of hotels are usually indicative of the range and type of service available. Due
Free Computer Transaction processing Hotel
Resource Allocation in Hotels –Alternative Distribution Options The number of reservations flowing to hotels through the electronic and switchboard distribution channels – the Internet and reservation call centers – is growing steadily. Once a minor contributor of bookings‚ they are now primary business sources and grow more important with every passing month. This productivity growth has heightened emphasis throughout the hotel industry on using the electronic and switchboard distribution channels
Premium Website Computer reservations system Internet
The Analysis of Customer Relationship System of Hilton Hotels & Resorts 2013-12-8 Contents THE ANALYSIS OF CUSTOMER RELATIONSHIP SYSTEM OF HILTON HOTELS & RESORTS ........................................................................................................................................................................ 1 1. INTRODUCTION OF THE COMPANY 3 2. INTRODUCTION OF ONQ AND CRM 3 3. STRENGTHS OF CRM (ONQ) 5 4. DISADVANTAGES OF CRM (ONQ) 5 5. INFORMATION
Premium Hotel
Majestica hotel in shanghai? 5th team Majestica was founded in Western Europe and focused exclusively on Europe and the United States initially‚ the expansion into China had been on management’s agenda since 1999‚ the opportunity emerged in late 2003‚ Majestica’s proposal to operate the luxury hotel satisfied CPS’s ambition to build a pre-eminent hotel in Shanghai‚ but there are 5 issues between Majestica and CPS. First‚ the length of contract term‚ Majestica asked
Premium Hotel Hotels Motel
RESEARCH Close second half 2011 BALI HOTEL MARKET OVERVIEW HIGHLIGHTS Both domestic and international passenger arrivals in Bali continued on their growth path‚ marking a record high for the fifth consecutive annual increase since 2006. Following the success in hosting the ASEAN Summit in November 2011 and government efforts to improve infrastructure‚ Bali is set to aim for three million foreign tourist arrivals in 2012. On a cumulative basis‚ foreign arrivals continued to demonstrate
Premium Tourism Hotel Bali
and ability of on-site management. Hotel operators face a number of unique problems‚ ranging from booking convention business to running a high-energy lounge to installing night audit financial controls. While the skills needed to handle such problems can be acquired through college-level training and operational experience‚ it is the type of system used by management that usually determines how successfully personnel can apply their skills. Historically‚ hotel owners have either hired individual
Free Property Real estate Property law
International Journal of Business and Manegement; Vol. 7‚ No. 14; 2012 ISSN 1833-3850 E-ISSN 1833-8119 Published by Canadian Center of Science and Education Service Quality Management in Hotel Industry: A Conceptual Framework for Food and Beverage Departments Ala`a Nimer AbuKhalifeh1 & Ahmad Puad Mat Som1 1 School of Housing‚ Building and Planning‚ Universiti Sains Malaysia‚ Penang‚ Malaysia Correspondence: Ala`a Nimer AbuKhalifeh‚ School of Housing‚ Building and Planning‚ Universiti
Premium Quality of service Hotel Service system
Hotel manager: Job description A hotel manager is responsible for the day-to-day management of a hotel and its staff. They have commercial accountability for budgeting and financial management‚ planning‚ organizing and directing all hotel services‚ including front-of-house (reception‚ concierge‚ and reservations)‚ food and beverage operations and housekeeping. In larger hotels‚ managers often have a specific remit (guest services‚ accounting‚ and marketing) and make up a general management team
Premium Chef Management