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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Revenue and Capital Expenditure Revenue and Capital expenditure are slightly different. Revenue expenditure is money that is spent on items that are only going to be used once‚ such as printer paper‚ stock‚ repairs‚ petrol etc. These items would go under expenses in the profit and loss account and would be included as part of revenue in balance sheet. Capital Expenditure is money spent by a business on items that are going to be used more than one time‚ for example machinery‚ buildings and
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Ethical Aspects of Revenue Management Revenue management is quiet new department in hotels. The main goal of this department is to divide inventory and set the right price for the right room at the right time. It is all about increasing sales and revenue‚ and for some people everything related to the cash flow is unethical. But what is the right price? For what target it is working? Is it ethical or no? This questions would be discussed in the following paper. But first of all lets define so
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always enough for them because they have an opportunity to leave on parole‚ and the thought of these murderous monsters being released into society again horrifies these families‚ thus they call for execution. However‚ many states recognize that minors‚ especially children‚ are at a
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Economics of Baseball: Revenue Sharing Major League Baseball is the highest level of professional baseball in the United States and Canada. The organization is comprised of a partnership between the National League‚ founded in 1876‚ and the American League‚ founded in 1901. There are currently 30 teams in Major League Baseball‚ 14 in the American League and 16 in the National League. "Since 1903‚ the best of both of these leagues have met in the World Series‚ with the winner of the best-of-7
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In the poems‚ “Today We Will Not Be Invisible Nor Silent” and “Naayawva Taawi”‚ both poets concentrate on cultural survival. The poets highlight cultural survival to raise awareness for Native Americans. Coming from the perspective of modern Native Americans‚ their ethnicity influences their identity. Both “Today We Will Not Be Invisible Nor Silent’ and “Naayawva Taawi” suggest that cultural survival is an evolution of gaining what Native Americans have lost. Both of the poems initiate with a
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NATIONAL HOCKEY LEAGUE EXECUTIVE SUMMARY National Hockey League was established as a non-profit entity in 1917 by 26 teams to govern the league. They had been very successful over the past 75 years with very little exposure. They have thrilled fans and provide financial returns for their owners. Their primary goal is to take hockey to a next level and makes it more popular. They are not worried about competition and are only concerned with overall growth for the sport‚ the owners‚ the players
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Ever wonder about the rather weird traditions of Easter? Easter is of course a Christian holiday to celebrate the resurrection of Jesus. Many people will also love to point out Easter’s traditions are taken from Pagan culture. No one really talks about the whole bunny laying and hiding eggs though. No one really wants to talk about how it has nothing to do with Christianity anymore either. The Christian explanation for some of these things is a little odd. One thing for the eggs is they’re supposed
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September 1913 and Easter 1916 Poem Throughout many of his poems‚ W.B Yeats portrayed important aspects of Ireland’s history especially around the 1900’s when Ireland was fighting for independence. During this time‚ Ireland was going through an agonizing time of struggle. The Employers’ Federation decided to lock out their workers in order to break their resistance. By the end of September‚ 25‚000 workers were said to have been affected. Although the employers’ actions were widely condemned‚ they
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Revenue has become the lifeblood of the government from the moment the Philippines had been given the freedom to establish its own system of governance and formulate laws which formally states the people’s rights‚ duties and obligations. However‚ for the country to continuously sustain the needs of its citizens it has to generate revenues from the different sources available. How will the national government implement the maximization of revenues from local communities
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