What are the steps to be followed in building the Knowledge Management System in hotel.

Sox Shogun Hotel sold 2,000 rooms during the past month at an ADR of $70.00. During this month, the ADR is increased by $7.00 and the total number of rooms sold is 1,900. What is the price elasticity of demand? What is the effect of the decrease in the #of rooms to the total room revenue for the Sox Shogun Hotel during this month?

Group of answer choices

$5,600 decrease

$6,300 increase

$6,300 decrease

$5,600 increase

You purchased land 3 years ago for $75,000 and believe its market value is now $120,000. You are considering building a hotel on this land instead of selling it. To build the hotel, it will initially cost you $205,000, an expense that you plan to depreciate straight line over the next three years. Wells Fargo offered you a loan for $60,000 at an 8% interest rate to be repaid over the next 4 years. You anticipate that the hotel will earn revenues of $334,000 each year, while expenses will be a mere $75,000 each year. The initial working capital requirement will be $14,000 which will be recovered in the last year. The tax rate is 28%. Your estimated cost of capital is 15%. What is the net present value of this project?

Think about a population proportion that you may be interested in and propose a hypothesis test problem for this parameter. Gather appropriate data and post your problem. Include the null and alternative hypothesis, alpha value, p-value, and a conclusion. Make sure that you use appropriate terminology, specify whether you are using the classical method or the p-value method, and fully explain your solution.

I went to a local dog park and counted the number of dogs entering the park around from 5-7 a Friday evening. While there I counted 50 dogs, out of the 50 there were 19 small dogs that arrived at the park that evening. assume a random sample. test this at a 0.25 significance level.

H0: is that there is no statistical significance

H1: there is a statistical significance and it is over 0.05

Many University campuses sell parking permits to their students allowing them to park on campus in designated areas. Although most students complain about the relatively high cost of these permits, what annoys many of these students even more is that after having paid for their permits, vacant parking spaces in the designated lots are very difficult to find during much of the day. Many end up having to park off campus anyway, where permits are not required. Assuming the University is unable to build new parking facilities on campus due to insufficient funds, what recommendation might you propose that would remedy the problem of students with permits being unable to find places to park on campus? (Hint: Think in terms of demand and supply analysis and how a market functions.)

The results of a survey comparing the costs of staying one night in a full-service hotel (including food, beverages, and telephone calls, but not taxes or gratuities) for several major cities are given in the following table. Do the data suggest that there is a significant difference among the average costs of one night in a full-service hotel for the five major cities? Maximum Hotel Costs per Night ($) New York Los Angeles Atlanta Houston Phoenix 289 196 184 292 262 345 214 242 296 262 348 216 333 337 305 277 192 298 257 258 266 262 195 217 199 Step 1 of 2 : Find the value of the test statistic to test for a difference between cities. Round your answer to two decimal places, if necessary.

Park Corporation is planning to issue bonds with a face value of $650,000 and a coupon rate of 7.5 percent. The bonds mature in 8 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.)   2. Prepare the journal entry to record the interest payment on June 30 of this year. 3. What bond payable amount will Park report on its June 30 balance sheet?

A group of entrepreneurs want to purchase a rural hotel.

The renovation and purchase of the hotel has an estimated cost of €525,000.

This capital investment will be depreciated consistently over the next 5 years.

It is estimated that there will be 4,000 rooms total occupation per year, at a rate of €100 per room/night. Room occupation will rise by 5% year over year.

Running costs are estimated as €290,000 for the first year and will increase by 5% year over year.

The tax rate is 35%.

Step 1: Calculate the initial free cash flows correctly.

Step 2: If the partners require a minimum return of 8% on their investments, would you recommend that these businessmen buy the hotel? (Assume a continuous increase in cash flow of 1% from the 5^th year forwards). Why or why not?

You may need to use the appropriate technology to answer this question.

Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentinel). Hotel occupancy data for February in two consecutive years are as follows.

(b)

What is the estimated proportion of hotel rooms occupied each year?

current previous

(c)

Calculate the test statistic. (Round your answer to two decimal places.)

What is the p-value? (Round your answer to four decimal places.)

p-value =

(d)

What is the 95% confidence interval estimate of the change in occupancy for the one-year period? (Round your answers to four decimal places.)

to

It is said that Bed & Breakfast (B&Bs) can contribute to a more ‘authentic’ travel experience for tourists rather than hotel chains. It also provides mutual benefits for both the visitor and the operator. While licensing can be a concern, the HKTB’s hotel rating system being used is also considered not applicable to rate the ‘quality’ of B&Bs for several reasons. If the HKTB’s hotel rating system is applied to rate the B&Bs in Hong Kong, explain how it will disadvantage or advantage the grading of a B&B based on the FIVE key indicators being used in this stage.

A combination of quantitative indicators:

1. Facilities (F&B, IT, Business and Health Related)

2. Location

3. Staff to Room ratio

4. Average Achieved Room Rate

5. Business Mix