Difference between revisions of "Key metrics"
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* Section [[operating review]]: which you will find on the operating review page with all your revenues and costs resulting in your net profit (or loss). | * Section [[operating review]]: which you will find on the operating review page with all your revenues and costs resulting in your net profit (or loss). | ||
* Section with your personal [[key metrics]]. We will look into this on this page. This part shows you all kind off interesting figures from the market you are in: it holds the major indicators for the performance of the hotel. This is also made automatically. | * Section with your personal [[key metrics]]. We will look into this on this page. This part shows you all kind off interesting figures from the market you are in: it holds the major indicators for the performance of the hotel. This is also made automatically. | ||
* Section [[Market | * Section [[Market research]], if paid for in advance. | ||
* Section [[Short comment]] of your coach. | * Section [[Short comment]] of your coach. | ||
Revision as of 18:06, 26 February 2015
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All results
The results of your hotel will be made automatically by the accountant. You just have to analyse them, your do not have to calculate them yourselves apart from predictions linked to new costs and special decisions you make. After each year they will be ready for you in the secure section in your teamsheet which is accessible with your personal link.
Your results presented there will be divided in four parts:
- Section operating review: which you will find on the operating review page with all your revenues and costs resulting in your net profit (or loss).
- Section with your personal key metrics. We will look into this on this page. This part shows you all kind off interesting figures from the market you are in: it holds the major indicators for the performance of the hotel. This is also made automatically.
- Section Market research, if paid for in advance.
- Section Short comment of your coach.
What are the key metrics?
The Bergman family is a very practical family and they are all real entrepreneurs! Christina has also run her hotel by having a good grip on the key metrics: this is an overview of the most important figures of a company, some benchmarks and some key performance indicators. The development of these figures meant the world to them and it still does! So, Christina would like you to continue working with this key metrics and, as she explains:
After each year you will get, privately and only for your teams, your personalized results on your hotels teamsheet, the tab results. The same information goes to the Board of Directors, so also to Christina. The operating review page will also give you some insights into the revenues structure and the costs side.
Explanation of the key metrics
This offer an summary of the most important figures:
- Operations
- total revenues: related to your occupancy rate and prices.
- total costs: interesting to see developments in the costs.
- total costs as % of total revenues. In this case 84,78% which leaves 15,32% margin for the hotel which is quit a lot.
- Ratios
- occupancy rate of rooms. Very important number indicating if your are attracting (enough) customers. In the hotel branch, depending on type of hotel and location, above 45% for this kind of hotel is okay. Score is 50%.
- your average room price is simply the last-minute price plus the rack rate divided by two: ((€ 80 + € 100) ./. 2) = € 90. The second one is the same for the weekdays: so in this case ((€ 100 + € 140) ./. 2) = € 120
- market share (of total revenues): your position in your city by expressing your revenues (NOT net profit!) as a percentage of the total revenues of all hotel in your city.
- Net profit
- the net profit per year.
- the net profit added up form all of the years including the prologue ( €436.307).
- Ranking
- rank on net profit.
You profit compared to the other hotels in your city in any year. Number 1, 2 and 3 get will be indicated here. All others will have the indication 4+. Positions outside the top three are nowhere specified. So this is part of the competition on net profit. After the dash | the position is the ranking on the highest net profit added all over the years. The number one of this added up figure after four years is the winner of the competition on profit.
- rank on creativity.
Your position on creativity compared to the other hotels in your city in any year. This is directly related to the creativity mark you get in any year. Number 1, 2 and 3 get will be indicated here. All others will have the indication 4+. Positions outside the top three are nowhere specified. So this is part of the competition on creativity. After the dash | the position is the ranking on creativity related tot the average creativity marks over the years. The number one of this added up figure after four years is the winner of the competition on creativity.
- Creativity mark
Each year you will get a [mark|creativity mark]] from your coach based on all your creativity in that specific year. This mark is visible here. After the dash | the average creativity mark over the years is shown. This is the basis for the ranking on creativity.
- Entrepreneurship mark
Each year you will get a [mark|entrepreneurship mark]] from your coach based on all your decisions, explanations and other action in any year. After the dash | the average entrepreneurship mark over the years is shown.
- Gameplay mark
This is the average of the creativity mark and the entrepreneurship mark in a year. After the dash | the average gameplay mark over the years is shown.
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