Difference between revisions of "06NL assignment"
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* fixed costs per room per day | * fixed costs per room per day | ||
* fixed cost per occupied room per day | * fixed cost per occupied room per day | ||
* Calculate margin per room in the different seasons we differentiate in. First calculate the Integral and differential cost price. | * Calculate margin per room in the different seasons we differentiate in. First calculate the Integral and differential cost price. | ||
== 3. Further Instructions and Recommendations == | == 3. Further Instructions and Recommendations == | ||
Use suitable literature or websites to prepare and analyze the results, including managerial and financial accounting textbooks. Give all sources. | Use suitable literature or websites to prepare and analyze the results, including managerial and financial accounting textbooks. Give all sources. | ||
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* the net profit of your hotel and match that with real figures in the market. | * the net profit of your hotel and match that with real figures in the market. | ||
Write in a concrete and serious way as to show knowledge on the subject. Be sure to make calculations and explain them! Maybe make the calculations in Excel en copy past them into your file. | Write in a concrete and serious way as to show knowledge on the subject. Be sure to make calculations and explain them! Maybe make the calculations in Excel en copy past them into your file. | ||
Think of any recommendations you want to give to the hotel. What do you think they should improve in the future in comparison with other hotels. | |||
Think of any recommendations you want to give to the hotel. What do you think they should improve in the future in comparison with other hotels. | |||
== 4. Dashboard == | == 4. Dashboard == | ||
Revision as of 16:44, 27 March 2014
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General information on the assignment
The total of this assignment has 4 parts: each part linked to the years 1 to 4. Be sure to work on this assignment during the gameweek in the applicable years. If you postpone this till after the years it will be almost impossible to make.
Please hand this in as one printed out Word document: deadline Sunday the 16th March as the final of the game is taking place. Be sure it is ready entirely. This work will get evaluated and has 50% influence on your final mark. Be sure to write specific, in a business-style and give sources etc. Please write in English. For any questions on this you can consult your staff in Tallinn. An indication is to have 3 to 6 pages on each of the 4 parts, so all together 12 - 24 pages of real content.
1. Interesting numbers
- the number of guests-nights in weekend, during the week, and total. Check the general http://www.emeraldforesthotel.com/platform/index.php/Occupancy_rate and persons per http://www.emeraldforesthotel.com/platform/index.php/Rooms
- the average F&B-turnover per present person in weekend, during the week, and in total.
- think of two more yourself and indicate why you chose those.
2. Other ratio's
Look for ratio's which can be taken from your hotel results over the years and check for developments in them.
- fixed costs per room per day
- fixed cost per occupied room per day
- Calculate margin per room in the different seasons we differentiate in. First calculate the Integral and differential cost price.
3. Further Instructions and Recommendations
Use suitable literature or websites to prepare and analyze the results, including managerial and financial accounting textbooks. Give all sources. Try to find benchmarks for a real hotel in the Netherlands like the Emerald Forest. Then reflect on :
- sales prices of your hotel and match that with real figures in the market.
- occupancy rates of your hotel and match that with real figures in the market.
- the net profit of your hotel and match that with real figures in the market.
Write in a concrete and serious way as to show knowledge on the subject. Be sure to make calculations and explain them! Maybe make the calculations in Excel en copy past them into your file.
Think of any recommendations you want to give to the hotel. What do you think they should improve in the future in comparison with other hotels.
4. Dashboard
You have run the hotel for a number of years and have seen the results. Christina Bergman asks you to evaluate the results on max two pages with figures only: do not reproduce the results tab, but make interesting observations, look for benchmarks, make ratio's, compare with the history, or make this relative: chose yourself whatever you think is interesting to show. This should be calculations with a small explanation on it's relevance and of course the complete calculations themselves. Try to make things look logical, so that's why we have called this a dashboard.
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