How can TV Networks and Broadway

plays use revenue management?

"Revenue management is an extremely important concept within the hospitality industry, because it allows hotel owners to anticipate demand and optimise availability and pricing, in order to achieve the best possible financial results"

"Arrival and Registration" Briefly describe a hotel with which you are familiar and make at least one recommendation for improvement regarding its registration procedure. come up with a way to mitigate the frustration customers feel when they need to wait at registration. Please be as creative as you like.

Create a Database Schema for a hotel reservation system. indicate the Primary Keys, Foreign Keys, and the one-to-one or one-to-many relationships between the tables. Also describe in a small paragraph the scope of the back-end database, by explaining the different tables and their relations in your schema.

Please answer in 250-350 words please.

What is a PMS? What are the key features PMS should have to operate the hotel more effectively and efficiently? What other systems should PMS be seamlessly connected for better communication and management from the operators’ perspectives?

please share your opinons

As an HR director of 5 starts hotel, what can you do to create employee engagement during this COVID-19 for:

Your work from home (WFH) employee, your unpaid employees and your active working employees.

LaVilla is a village in the Italian Alps. Given its enormous popularity among Swiss, German, Austrian, and Italian skiers, all of its beds are always booked in the winter season and there are, on average, 1,200 skiers in the village. On average, skiers stay in LaVilla for 10 days.

A. How many new skiers are arriving – on average – in LaVilla every day?

B. A study done by the largest hotel in the village has shown that skiers spend on average $50 per person on the first day and $30 per person on each additional day in local restaurants. The study also forecasts that – due to increased hotel prices – the average length of stay for the 2014/2015 season will be reduced to five days. What will be the percentage change in revenues of local restaurants compared to last year (when skiers still stayed for 10 days)? Assume that hotels continue to be fully booked!

EXERCISE 4‐2 Workpaper Eliminating Entries, Cost Method LO 5 Park Company purchased 90% of the stock of Salt Company on January 1, 2019, for $465,000, an amount equal to $15,000 in excess of the book value of equity acquired. This excess payment relates to an undervaluation of Salt Company's land. On the date of purchase, Salt Company's retained earnings balance was $50,000. The remainder of the stockholders' equity consists of no‐par common stock. During 2023, Salt Company declared dividends in the amount of $10,000, and reported net income of $40,000. The retained earnings balance of Salt Company on December 31, 2022, was $160,000. Park Company uses the cost method to record its investment. Required: Prepare in general journal form the workpaper entries that would be made in the preparation of a consolidated statements workpaper on December 31, 2023.

Carolyn and Sanjay are neighbors. Each owns a car
valued at $10,000. Neither has comprehensive insurance
(which covers losses due to theft). Carolyn’s
wealth, including the value of her car is $80,000.
Sanjay’s wealth, including the value of his car is
$20,000. Carolyn and Sanjay have identical utility
of wealth functions, U(W) = W0.4. Carolyn and
Sanjay can park their cars on the street or rent space
in a garage. In their neighborhood, a street-parked
car has a 50% probability of being stolen during the
year. A garage-parked car will not be stolen.
a. What is the largest amount that Carolyn is willing
to pay to park her car in a garage? What is the
maximum amount that Sanjay is willing to pay?
b. Compare Carolyn’s willingness-to-pay to Sanjay’s.
Why do they differ? Include a comparison
of their Arrow-Pratt measures of risk aversion.
(Hint: See Solved Problem 16.4.) M

Consider eruptions of Old Faithful geyser in Yellowstone National Park. The distribution of eruptions is said to be roughly normal and based on a study done in the park in 2011 has a mean time between eruptions of 93 minutes with a standard deviation of 9.5 minutes.

A)You have watched the Geyser erupt, but your friend missed it. What is the probability that he will have to wait less than an hour to see it?

B)What is the probability your friend has to wait more than 100 minutes to see the eruption?

C)Suppose you decide to study this geyser over an extended period. You watch 20 eruptions and record the time between each. What is the probability that the mean from your sample is more than 100 minutes (assuming that the original data is true)?

D)What would our probability be if we studied 60 eruptions instead?

A travel analyst claims that the mean room rates at a three-star hotel in Chicago is greater than $152. In a random sample of 36 three-star hotel rooms in Chicago, the mean room rate is $160 with a population standard deviation of $41. At α=0.10, what type of test is this and can you support the analyst’s claim using the p-value? Claim is the alternative, reject the null as p-value (0.121) is not less than alpha (0.10), and can support the claim Claim is the null, fail to reject the null as p-value (0.121) is not less than alpha (0.10), and cannot support the claim Claim is the null, reject the null as p-value (0.121) is not less than alpha (0.10), and cannot support the claim Claim is the alternative, fail to reject the null as p-value (0.121) is not less than alpha (0.10), and cannot support the claim