The first task you have is to hire a Human Resources Manager. What traits, skills, and knowledge should the candidates possess to be considered for the position? What would be the first steps you would take in the hiring process? Week 4 Role of Food and Beverage in the Hotel (graded) What are some of the Food and Beverage services commonly found in a hotel? When staying at a hotel do you use any of these Food and Beverage services?
The current locations are great to make this move as they reside by the airport and will target the business travellers. GR already utilizes Central and On-line bookings which again will target business travellers as they tend to use this service the most. Business travellers are moving towards staying at up-scale hotels and this move will definitely increase occupancy rates of
Now they must align their marketing strategy to cohesively coincide that of their business plan to bring in the clientele that will make them the most profitable. Amber Inn & Suites, Inc. has two main classes of customers; business travelers and leisure users. The problem that arises given the increased marketing and advertising costs is whether or not to expand their marketing and advertising initiatives/investments between guests who are on leisure or on business. STRENGTHS | WEAKNESSES | - Location (close to airports, office complexes, shopping centers)- Good
Executive Summary As the biggest chain of company-owned and -operated budget motels in the United States, Motel 6 has a number of advantages that will provide continued success into its future in motel industry. Services is the biggest strength of the motel and is evidenced by the loyal customers. Motel 6’s profits have been fluctuating up and down between 3 to 4 percent of annual revenue per room since 1995, and the company expects that will be gradually increasing by entering the extended-stay market. The study of traditional budget motels were losing customers to extended-stay properties, and the growing acceptance of the extended-stay concept could make it easier for Motel 6 to enter the market. However, Motel 6 has some disadvantages.
Marriott Corporation has three major business divisions: Lodging, which included over 360 hotels (as of 1987) and generated 41% of sales and 51% of profits; Contract Services, that provides catering and food services to institutions and corporations, and generated 46% of sales and 33% of profits; and Restaurants, that generated 13% of sales and 16% of profits. Marriott has four key elements of their financial strategy: Manage rather than own hotel assets; Invest in projects that increase shareholder value; Optimize the use of debt in the capital structure; and Repurchase undervalued shares. The company uses discounted cash flow techniques and assigns hurdle rates to new projects to evaluate potential investments, determine the “warranted equity value” for its common shares, and even determine incentive compensation for its employees. In order to invest only in projects that increase shareholder value, Marriott uses the CAMP model to estimate the cost of equity, or the shareholders expected return for equity, for each new project, based on which division the investment would be in. They then develop target leverage ratios and use the WACC to determine the cost of capital for the whole corporation as well as each of the three divisions.
Is there a relationship between total expenses and number of admissions? MSM= 29881.226 F Value = 11.691383 Using F table for (DFM, DFE) = (1,12) F value = 4.75 Significance of F =.049943034 Yes, the model is statistically significant at 5% level & Yes there is a relationship between total expenses and number of admissions. 2. The Housing Data tab of the Chapter 4 Assignment Data spreadsheet contains information on the sales prices of houses, their square footage, and their age. Perform a regression on this data with sales price as the Y variable, and answer the following questions.
Operational issues 6 4.1 Security of information 6 4.2 Backups 6 4.3 Health and safety 6 4.4 Organisational policies 6 4.5 Business continuation plans 6 4.6 Cost 6 4.7 Increasing sophistication 6 5. Ahold’s legal and ethical policies 8 6. Ahold’s operational policies 9 7. What is needed to use business information 9 Sources of information 10 Attachment 1 – Code of Conduct Ahold Attachment 2 – Ahold Annual report 2012 - Governance 1. Introduction This assignment is issued to explain the legal, ethical and operational issues relating to the use of business information.
After a structured presentation of hotel , indentifying, competitors play an important role in the continuation of the essay.Major key players of the Premier Inn , called competitors are : Travelodge , Jury’s Inn, Holiday Inn Express, Confort Inn , Easy Hotel and Ibis. In spite of the large number of competitors , Premier Inn has the largest coverage for its clients throughout UK and Ireland. In addition for recognize the market structure of Premier Inn hotel , the main criteria to differentiate different market structure, are the number and size of produces and consumers in
Do some number-crunching using the data in case Exhibit 1 to support your answer. Use the financial ratios presented in Table 4.1 of Chapter 4 (pages 83-86) to help you diagnose Costco’s financial performance. 7. Based on the data in case Exhibits 1, 5, and 6, is Costco’s financial performance superior to that at Sam’s Club and BJ’s Wholesale? 8.
3.2 Industry Analysis …………………………………………… 3.2.1 Description of the Industry…………………………… 3.2.2 Industry Dominant Economic Features……………….. 3.2.3 Market Size …………………………………………… 3.2.4 Market Growth Rate…………………………………. 3.2.5 Industry Trends……………………………………….. 3.2.6 Five Forces Analysis …………………………………. 3.2.6.1 Threat of New Entrants………………….………….. 3.2.6.2 Power of Substitute Products………….....…………. 3.2.6.3 Power of Buyers…..……….……………...............… 3.2.6.4 Power of Suppliers……………………….............…. 3.2.6.5 Intensity of Rivalry …………………..…..............….