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Repot on Hospitality in Hotel Futura

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Added on  2020-04-21

Repot on Hospitality in Hotel Futura

   Added on 2020-04-21

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Running head: HOSPITALITYHospitality Name of the Student:Name of the University:Author Note
Repot on Hospitality in Hotel Futura_1
1HOSPITALITYTable of ContentsTask 1:.............................................................................................................................................................................................2Task 2:.............................................................................................................................................................................................4Task 3..............................................................................................................................................................................................6Synopsis 1....................................................................................................................................................................................6Synopsis 2....................................................................................................................................................................................7Synopsis 3....................................................................................................................................................................................9Answer to part 1......................................................................................................................................................................9Answer to part 2......................................................................................................................................................................9Answer to part 3......................................................................................................................................................................9Answer to part 4....................................................................................................................................................................10References.....................................................................................................................................................................................10
Repot on Hospitality in Hotel Futura_2
2HOSPITALITYTask 1:Total Revenue 2016$11,213,138.73$14,253,521.43Forecasted 2017Room Budget Forecast $ Forecast %Expenses AnalysisForecast %Rooms Available63875100%61320100%COGS $ 1,103,760.00 15.00%Rooms Occupied5154849056Staff Costs $ 1,389,779.44 18.89%Total Occupancy80.780.7%8080%Other Expenses $ 555,911.78 7.55%Revenue Available per room $ 134.80 $ 150.00 Total Expenses $ 3,049,451.22 41.44%Total Room Revenue $ 6,948,897.21 $ 7,358,400.00 Total Catering Revenue $ 4,264,241.52 $ 6,895,121.43 Foods BudgetExpenses AnalysisForecast %Total Revenue $ 2,019,370.53 $ 2,302,728.07 COGS $ 656,277.50 28.50%Food Revenue $ 1,740,112.81 86.17% $ 2,001,129.73 86.90%Staff Costs $ 1,013,200.35 44.00%Beverage Revenue $ 279,257.72 13.83% $ 301,598.34 13.10%Other Expenses $ 161,190.96 7.00%Total Expenses $ 1,830,668.81 79.50%Banquet BudgetExpenses AnalysisForecast %
Repot on Hospitality in Hotel Futura_3
3HOSPITALITYTotal Revenue $ 1,313,940.16 $3,534,329.91 COGS $ 918,925.78 26.00%Food Revenue $ 876,759.95 66.73%$2,000,000.00 56.59%Staff Costs $ 671,522.68 19.00%Beverage Revenue $ 183,736.83 13.98% $ 1,534,329.91 43.41%Other Expenses $ 494,806.19 14.00%Total Expenses $ 2,085,254.65 59.00%Room Service BudgetExpenses AnalysisForecast %Total Revenue $ 417,442.15 $ 467,811.65 COGS $ 114,613.85 24.50%Food Revenue $ 335,796.64 80.44% $ 386,166.14 82.55%Staff Costs $ 159,055.96 34.00%Beverage Revenue $ 34,668.69 8.31% $ 34,668.69 7.41%Other Expenses $ 23,858.39 5.10%Other Revenue $ 46,976.82 11.25% $ 46,976.82 10.04%Total Expenses $ 297,528.21 63.60%Mini Bar BudgetExpenses AnalysisForecast %Total Revenue $ 146,471.02 $ 146,471.02 COGS $ 41,011.89 28.00%Beverage Revenue/Minibar $ 146,471.02 100% $ 146,471.02 100%Staff Costs $ 65,472.55 44.70%Other RevenueOther Expenses $ 19,627.12 13.40%Total Expenses $ 126,111.55 86.10%Bar BudgetExpenses AnalysisForecast %Total Revenue $ 367,017.86 $ 443,780.79 COGSFood Revenue $ 67,191.88 18.31% $ 83,989.85 18.93%Staff Costs $ 159,761.08 36.00%Beverage Revenue $ 81.69% $ 81.07%Other Expenses $ 18.00%
Repot on Hospitality in Hotel Futura_4

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