Which of the following is a PUBLIC good?
A. hotel
B. congested non-toll road
C. herd immunity
D. shared popcorn
In: Economics
As an executive housekeeper of a three (3) star hotel, explain
in details with 'examples' five (5)
constraints on accommodation management in the housekeeping
department.
In: Operations Management
Apply the concept of the product life cycle to a hotel. How does a company keep its products from going into the decline stage?
In: Accounting
What are the consequences to a hotel operator of a customer such as Thomas Cook collapsing into liquidation? How does it affect resigning contracts with new owners?
In: Accounting
This project is of Java OOP.
Comprehensive UML Diagram of Managing customers for Hotel
Management project Mwith complete labelling of attributes,
subclasses.
In: Computer Science
Suppose that you are responsible for making arrangements for a business convention and that you have been charged with choosing a city for the convention that has the least expensive hotel rooms. you have narrowed your choices to Atlanta and Houston that are consistent with the results reported by Smith travel research. Because considerable historical data on the prices of the rooms in both cities are available the population standard deviations for the prices can be assumed to be $20 in Atlanta and $25 in Houston. Based on the sample data, can you conclude that the mean price of a hotel room in Atlanta is lower than the one in Houston.
In: Statistics and Probability
The management of 50-room Gordion Hotel, which has single and double rooms only, has acquired the following internal financial data: • Occupancy of 65.00% • Projected after-tax average daily room rate (ADR) of $54.00 • 25.00% of double room occupancy • A price difference of $15.00 more for double rooms than the singles Based on the financial information given, calculate the individual ADRs for single and double rooms for Gordion.
The operation team of H hotel, which has 25 rooms on daily basis, has projected that the occu-pancy will be 60.00% with total revenue of $620,000 and total expenses of $50,000 for the next year. The income tax bracket is 40.00%. Assume that there are only single and double rooms for H with a double occupancy of 70.00% and the double rooms are sold at a percentage markup of 20.00% over singles. Based on the information given, what are the individual average daily room rates (ADRs) for both single and double rooms for H hotel for the next year (assume that there are 365 days in a year)?
In: Accounting
- Two hotels that are in different markets and do not compete with one another noted the following data during a recent year:
Hotel E-Z Sleep
o When the nightly rate was $135 per room, 700 rooms per
month were rented
o When the nightly rate was increased to $165 per room, 600
rooms per month were rented
Hotel Nice Night
o When the nightly rate was $200 per room, 800 rooms per
month were rented
o When the nightly rate was increased to $300 per room, 500
rooms per month were rented - Do the following for each hotel:
Calculate the price elasticity of demand using the midpoint method
Calculate total revenue before and after the price change
Determine whether demand is inelastic, elastic, or unitary elastic
Was increasing price the right thing to do?
What are some other factors that may have influenced the data?
Should the hotels consider increasing the price in the future?
In: Economics
PLEASE ANSWER ALL QUESTIONS !
1. Gwen suspects fraud is occurring at a hotel she manages.
Historically, each of her hotels spends $8,250 per month in
maintenance expenses with a standard deviation of $1,070. At the
suspect hotel, the last 31 months have averaged $8,490 in
maintenance expenses. Gwen thinks the hotel is spending
significantly more than the others. Use the 10% significance
level.
Calculate the value of the test statistic.
Select one:
a. 0.87
b. 0.89
c. 1.36
d. 1.25
e. 1.54
2. Harley is working as a waiter at a restaurant while paying
his way through school. The manager told him he could expect $95
per night in tips with a standard deviation of $30. However, after
32 nights he is averaging only $85 in tips. He wants to know if
this is significantly different at the 5% significance level.
Calculate the value of the test statistic.
Select one:
a. -2.06
b. -1.61
c. -1.89
d. -2.26
e. -2.64
In: Statistics and Probability
On January 3rd, 2009 Holiday Inn Hotels entered into a contract with Great Designs Inc., an interior decorating firm, to have their hotel rooms re-decorated with new carpeting, bedspreads, curtains and wall art. Holiday Inn Hotels paid Great Designs Inc., $100,000 upfront and the work was to be completed by June 1st, 2009. On June 1st, 2009 work in 30% of the rooms was still not complete. The Hotel had a large conference group checking in on June 30th, 2009 that would result in all the rooms being occupied. The Hotel, therefore, terminated its contract with Great Designs Inc., and hired a different designer to finish the work. The new designer completed the work on June 30th, 2009 at an additional cost of $15,000. Answer the following questions:
In: Finance