Friday, May 22, 2020

Notes On Hospitality And Yield Management - 1818 Words

ASSESSMENT 1 – INDIVIDUAL ASSIGNMENT Student Name: Arjun Bhardwaj (100509200) Course Name: Bachelor of Hospitality Management Course Code: BHM11 Subject Name: Hospitality and Yield Management Subject Code: BHM208 Assignment title/Item: Yield Management Case Analysis and Report / Individual Assignment Word Count Limit: 2,000 Weighting: 25% Semester/Trimester: Semester 2, 2015 Lecturer/Tutor: Peter Moran Due date: Week 5, I certify that the assignment made is an original work produced by me with correct references and citations. Table of Contents Page no 1 - Executive summary, Introduction and description of business and competitors Page no 2 - Business facilities and†¦show more content†¦The basic concept of yield management in the hotel industry is that during periods of high demand for the hotel rooms the prices are set at the highest rate so as to maximise revenue; and the times of lower demand the rate are set so as to encourage occupancy (Jeremy R. Huyton Sarah Thomas 2012 P 256). Description of the Business and competitors: Ramada Encore is a 3 star hotel property located in Dandenong suburb of Victoria opposite busy shopping centre called Dandenong plaza and has a unique blend of contemporary design and exceptional hospitality. Ramada Encore prides itself on setting new standards, providing our guests complimentary secure undercover parking, in-room Internet access and wireless high speed connectivity to all public areas, and in-room tea and coffee making facilities. . The design is fresh, stylish, vibrant and upbeat, offering 108 comfortable guest rooms suited to the corporate and leisure traveller. (Ramada encore, 2015). Facilities: Cafà © Bar, 24-hour reception and business centre with Wireless internet access throughout the ground floor hub. Onsite Gymnasium equipped with bikes, treadmill and weights and Conference facilities for 5 to 120 people with Complimentary secure on-site undercover car parking Airport bus drop-off and pick-up facilities Express check out and laundry facilities Wheelchair accessible reception and rooms Non-smoking disabled rooms Offering all day dining, the Coffee BarShow MoreRelatedRooms division assignment1917 Words   |  8 Pages Course Details Course Name BTEC Higher National Diploma (HND) in Hospitality Management Unit number 6 Unit Name Rooms Division Operations Management (Unit 6) Credit Value 15 Lecturers K.Fallah Hand Out/Issue Date September/2013 Submission Deadline Introduction The aim of these assignments are to assess the outcome of students’ learning in terms of knowledge acquired, understanding developed and skills or abilities gained in relation to achieve the learning outcomes (LO) and assessment criteriaRead MoreRevenue Management3039 Words   |  13 PagesWhat Is Revenue Management? The science and expertise of forecasting immediate consumer demand at the micro-market stage when optimizing cost and accessibility of your goods is called as revenue Management. The implementation of RM philosophy is indefinite, and has the prospective to yield remarkable stages of revenue. Enterprises that have used RM procedures have seen profits rising greatly by 7 percent exclusive of incorporating considerable sum of capital overheads, providing outcome in a revenueRead MoreFacilities Management in the Service Industry4449 Words   |  18 Pagesaround the critical evaluation of theories relating to management of accommodations and facilities that can be utilised to help hotels design efficient and effective processes. The key concepts such as process, efficiency, and effectiveness will be discussed while justifying the methods of process analysis or design which will be highlighted in this essay. All these topics will be critically evaluated in order to incorporate the operati ons management concepts of quality, in the application of accommodationRead MoreGinger Hotels7461 Words   |  30 Pagesthe different pricing method that are implemented by Ginger Hotels and study their differentiating factors with regard to the other players in the hospitality sector. We further attempt to establish if these pricing methods bring the customers to satisfaction. This is how we measure the effectiveness of the pricing techniques. The Indian hospitality sector encompasses many different services. These include lodging, restaurants, event planning, tourism etc. Among these, Ginger Hotels focuses primarilyRead MoreActivity-Based Costing: a Case Study on a Taiwanese3916 Words   |  16 Pagesreception service center and the management center. Finally, we use the ABC method to calculate the costs of hot spring use, lodging and meal serving as NT$ 31.64, NT$ 306.21 and NT$ 67.28 per customer respectively in the busy winter seasons. The paper also compares the ABC method with the traditional costing method and concludes that the ABC method is practical and appropriate for such a hot spring country inn and yields more accurate information for cost management and pricing decisions. Key Words:Read MoreRoom divisions Operations Management5493 Words   |  22 Pagesï » ¿ Rooms Division Operations Management Table of Contents Executive Summary This case study explores the importance of Room Division service in hospitality industry. The task 1 discusses the different services provided by the rooms division in different circumstances. The impact of different operational issues in managing the front of house area is evaluated in the second task. The third task discusses the different featuresRead MoreImplementing A Reservation System That Can Be Implemented Into The Operations Of Mcquarrie Hotel1703 Words   |  7 Pagesinformation in regards to designing effective marketing strategies and organisation of yield management (Wardell 2012). It is also important to note that with the popularity of smartphones, hoteliers must take into consideration into implementing a system that can also be accessed via a smartphone. The advances in mobile technology while not revolutionary, will nonetheless have an impact on revenue management (Latest Trends in Reservation Systems 2011). The emergence of social media and GenerationRead MoreHotel Thesis6924 Words   |  28 Pagessignificantly higher than in both the total service economy and the total economy in all. In 2004, 26% worked part-time in the sector, compared to 18% in the total economy. The overall trend goes towards more part time employed. It is also important to note the great extent of young and female employees in the Hotels and restaurants sector. The gender distribution has hardly changed in recent years and the trend is clear: women possess most of the part-time jobs and are mostly employed as service workersRead MoreManagement Discussion And Analysis : Company s O perational And Financial Condition During The Year1354 Words   |  6 PagesThe following Management Discussion and Analysis was developed to provider the reader with an overview of management’s view of the company’s operational and financial condition during the year. This information should be used in conjunction with the financial statement and accompanying notes to the financial statements to grasp a clear understanding of the information provided (Cerner, 2013). Our fiscal year ends on December 31 of each year, despite the day of the week. 2013 was the first year andRead MoreIntroduction to Hospitality and Tourism4973 Words   |  20 PagesAccompanied by the readily available cheap labour force available from countries such as India, Pakistan and the Philippines Dubai has now managed to transform it self into a Hospitality and Tourism Centre in the Middle East. The major trend in the job market place in Dubai has therefore been in favour of the tourism and hospitality industry (Collins, 2007). In other words, there are more and more jobs available in the particular industries as tourism increases exponentially each year. More over with

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.