The hotels in the town received lead information that there was a huge baseball game coming to town in April. Accordingly, the three properties decided on and implemented the rates to be charged. Rain hotel has been in business for a while and always seeks to have all rooms sold out, hence he charges a reasonable rate. Tourree Resort’s Manager realizes that the game is coming and seeks to maximize on the constrained supply sets a higher rate on the other hand Andulasca Resort positions himself as being competitive and sets what he considers to be a reasonable rate. Each property has 200 rooms Questions What do you think about each property’s approach? Which property do you think received the best revenue? The sale and revenue for each property is outlined as follows: Description Rain Hotel Tourree Resort Andulasca Resort Occupied Rooms 200 78 166 ADR 69 249 149 BAR 69 249 149 Revenue $ 13, 8000 19,422 24,734 Occ 100% 39% 83% RevPAR $ 69 97.11 123.67 Questions How would you rank the hotels performance? Which hotel performed best ? Why would you say so?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
The hotels in the town received lead information that there was a huge baseball game coming to town in April. Accordingly, the three properties decided on and implemented the rates to be charged. Rain hotel has been in business for a while and always seeks to have all rooms sold out, hence he charges a reasonable rate. Tourree Resort’s Manager realizes that the game is coming and seeks to maximize on the constrained supply sets a higher rate on the other hand Andulasca Resort positions himself as being competitive and sets what he considers to be a reasonable rate. Each property has 200 rooms
Questions
What do you think about each property’s approach?
Which property do you think received the best revenue?
The sale and revenue for each property is outlined as follows:
|
Description |
Rain Hotel |
|
Tourree Resort |
|
Andulasca Resort |
|
Occupied Rooms |
200 |
|
78 |
|
166 |
|
ADR |
69 |
|
249 |
|
149 |
|
BAR |
69 |
|
249 |
|
149
|
|
Revenue $ |
13, 8000 |
|
19,422 |
|
24,734
|
|
Occ |
100% |
|
39% |
|
83%
|
|
RevPAR $ |
69 |
|
97.11 |
|
123.67 |
Questions
How would you rank the hotels performance?
Which hotel performed best ?
Why would you say so?
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