Questions
A 335-room hotel property recorded in 2004 a 66.6% occupancy and an ADR of $117.98. What...

A 335-room hotel property recorded in 2004 a 66.6% occupancy and an ADR of $117.98. What is the property’s franchise fee (1) on a per available room basis and (2) as a percentage of rooms revenue if the agreement required the hotel to pay a reservation fee of $7.65 per available room per month; a royalty fee of 5% of rooms revenue; an advertising fee of 2.3% of rooms revenue; and a frequent traveler program fee of $5.00 per occupied room. The hotel had frequent stay guests totaling 6% of the occupied rooms. The initial fee is a minimum of $45,000 plus $300 per room for each room over 150.

1. Please use the information from Question 1 to calculate the Total franchise fee.

              Total franchise fee (round to a whole number) $ ___

2. Please use the information from Question 1 to calculate the Franchise fee on PAR basis.

             Franchise fee on PAR basis (round to two decimal places) $___ PAR/yea

3.Please use the information from Question 1 to calculate the Franchise fee as a % of revenue.

             Franchise fee as a % of revenue (round to two decimal places) ___%

In: Accounting

The Appalachian Bear Center (ABC) is a not-for-profit organization located near the Great Smoky Mountains National...

The Appalachian Bear Center (ABC) is a not-for-profit organization located near the Great Smoky Mountains National Park. ABC’s programs include the rehabilitation of orphaned and injured black bears, as well as research and education about Appalachian black bears. ABC provides the most natural environment possible for rehabilitating black bears before their release back into the wild. Katie Settlage performed a study to learn more about the Appalachian black bear population in the Great Smoky Mountains National Park. She and a team of researchers used a sample of 68 black bears in the park and took measurements such as paw size, weight, and shoulder height. Questions 2 and 3 refer to the following information regarding the shoulder height of the 28 female bears from the study. For these 28 female bears, the sample mean is 75.679 cm and the sample standard deviation is 7.592 cm. Assume the data is normally distributed and the sample is randomly selected.

3. Using an 80% level of confidence, construct the confidence interval for the population standard deviation of the shoulder heights based on the female data and make a statement interpreting these intervals.

show all work plz.

In: Statistics and Probability

1) COVID 19 has made a significant impact on the provision of hospitality guest service. As...

1) COVID 19 has made a significant impact on the provision of hospitality guest service. As a hospitality manager who is forced to adapt to the new social constructs, how can you sustain the quality of hospitality guest service to minimize physical contact? Justify your answer.
2). Reflecting on the nature or the characteristics of service, what do you think are its implications to the hospitality organizations in creating a total guest experience?
3) The service industry holds to the general notion that “the guest is always right.” However, in situations where the guest wants too much or goes too far, as rule of thumb, the hospitality manager must be able to find ways to let them know that they are wrong with dignity ensuring that in the process their self- esteem as well as their satisfaction with the guest experience and the organization are not negatively affected. So, how would you handle the given situation? A long-time guest has drunk a bit too much in your hotel bar. He is staying at the hotel that evening, he is not driving, and he insists on one more drink. He says that if the hotel refuses to serve him, he will take his business elsewhere.

In: Operations Management

Over the past six months, Six Flags conducted a marketing study on improving their park experience....

Over the past six months, Six Flags conducted a marketing study on improving their park experience. The study cost $3.00 million and the results suggested that Six Flags add a kid's only roller coaster.

Suppose that Six Flags decides to build a new roller coaster for the upcoming operating season. The depreciable equipment for the roller coaster will cost $50.00 million and an additional $5.00 million to install. The equipment will be depreciated straight-line over 20 years.

The marketing team at Six Flags expects the coaster to increase attendance at the park by 5%. This translates to 110,714.00 more visitors at an average ticket price of $39.00. Expenses for these visitors are about 12.00% of sales.

There is no impact on working capital. The average visitor spends $23.00 on park merchandise and concessions. The after-tax operating margin on these side effects is 31.00%. The tax rate facing the firm is 36.00%, while the cost of capital is 8.00%.

What is the NPV of this coaster project if Six Flags will evaluate it over a 20-year period? (Six Flags expects the first year project cash flow to grow at 5% per year, going forward)
(Express answer in millions)

In: Finance

Over the past six months, Six Flags conducted a marketing study on improving their park experience....

Over the past six months, Six Flags conducted a marketing study on improving their park experience. The study cost $3.00 million and the results suggested that Six Flags add a kid's only roller coaster.

Suppose that Six Flags decides to build a new roller coaster for the upcoming operating season. The depreciable equipment for the roller coaster will cost $50.00 million and an additional $5.00 million to install. The equipment will be depreciated straight-line over 20 years.

The marketing team at Six Flags expects the coaster to increase attendance at the park by 5%. This translates to 107,097.00 more visitors at an average ticket price of $38.00. Expenses for these visitors are about 17.00% of sales.

There is no impact on working capital. The average visitor spends $22.00 on park merchandise and concessions. The after-tax operating margin on these side effects is 29.00%. The tax rate facing the firm is 34.00%, while the cost of capital is 10.00%.

What is the NPV of this coaster project if Six Flags will evaluate it over a 20-year period? (Six Flags expects the first year project cash flow to grow at 5% per year, going forward)
(Express answer in millions)

In: Finance

The New Hotel Of Marseille has 2 different meeting rooms named Honorine and Zoe. In Honorine,...

The New Hotel Of Marseille has 2 different meeting rooms named Honorine and Zoe. In Honorine, there is a meeting for a pharmaceutical company while in Zoe there is a meeting for an insurance company. The reception team was well informed about the pharmaceutical meeting but not the insurance’s, every time a person asks the reception for the meeting location, they were immediately sent to Honorine. Two of the participants came back to the front desk and they were very upset about being sent to the wrong place, when asking about why they were not sent to the correct meeting, the receptionist politely replied and informed them that based on the information he had, there is only one meeting at the hotel today, but the guests insisted that their company organized a meeting at the hotel, so the reception showed his understanding and apologized about the misunderstanding and immediately called the sales department who confirmed that there are two different meetings.

Questions: Question 1: What is the reason behind this situation? Why? (35 pts.)

Question 2: Who is responsible for avoiding such misunderstandings in the future? How? (35 pts.)

Question 3: How would you evaluate the service delivered by the front office team? (30 pts.)

In: Operations Management

If a hotel sells room nights for $80 with a $20 variable cost per room and...

If a hotel sells room nights for $80 with a $20 variable cost per room and incurs $17,000 in fixed expenses monthly. What is the breakeven revenue?

$22,666.97

$22,666.87

$22,666.77

$22,666.67

In: Accounting

A one-page, 250 word document persuading your most influential stakeholder why it's important to consider security...

  1. A one-page, 250 word document persuading your most influential stakeholder why it's important to consider security and risk when designing the IT systems for your Park Area.

In: Computer Science

According to Schaller, Park, & Mueller (2003) Past research has indicated that men report higher levels...

According to Schaller, Park, & Mueller (2003) Past research has indicated that men report higher levels of racism and ethnocentrism than women. What would be another perspective to this finding?

In: Psychology

You are working in an area that has been contaminated by heavy metals, what plant-based strategy...

You are working in an area that has been contaminated by heavy metals, what plant-based strategy will you try to remediate the soil so that you can later create a park?

In: Biology