Hospitality Management: Use Giffenator Budget P&L to respond to the questions below:
Hospitality Management: Use Giffenator Budget P&L to respond to the questions below:
a. What are the Total Sales Year to Date (YTD) in 2020?
b. Explain the Hotel’s Occupancy YTD in 2018, 2019, and 2020. What trends are occurring? Reference percentage ratios as necessary.
c. Using the three common hotel statistics (Occupancy, ADR, and RevPar), how is the hotel performing Year over Year?
d. In the 2020 Current Period, how much did the hotel spend on total Hourly Wages?
e. In the 2020 Current Period, how much did the hotel spend on total Management Wages?
f. For the current period, what is the total cost difference of hourly wages and management wages and what does it mean?
2. Complete the following matrix by providing the correct data missing from the empty box. Please round numbers to the right of the decimal to the nearest hundredths. Occupancy responses within .5% and Available and Occupied Rooms within 1 will be awarded credit.
.STR Report Analysis Review page 3- Performance by Industry Segments of the STR report for the week of September 20, 2020 to September 26, 2020. Each response is worth 17 points. As such, your response should be thorough, clear, and easy to understand.
a. Which Chain Scale segment performed the highest & lowest Occupancy in 2019? Compared with 2020, explain any trends/differences you notice compared to 2019.
b. In considering OCC, ADR, and RevPAR, which Location segment (i.e., urban, Suburban, etc…) performed the best overall in 2020? Why Might this be?
c. Discuss what is occurring concerning OCC, ADR, and RevPar with the Los Angeles/Long Beach, CA market for the current week. What recommendations/conclusions can you make regarding this market based on the data provided? Be sure to include any trends you may see (e.g., % changes)
d. Compare and Contrast the Los Angeles/Long Beach, CA market with the San Francisco/San Mateo, CA market concerning OCC, ADR, and RevPar for the current week. What recommendations/conclusions can you make regarding this market based on the data provided? Be sure to include any trends you may see (e.g., % changes).
