Managing Hospitality Organisation

Managing Hospitality
Organisation

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Financial statements & ratio analysis:.........................................................................................1
Provide an analysis for issues emerging in talent acquisition and retention in hospitality
industry........................................................................................................................................7
Discuss different stages of HR life cycle....................................................................................7
Examine each stage of HR life cycle and importance HR play in supporting and growing
applied to specific job role..........................................................................................................8
Develop a performance management plan for specific job role mentioned above ....................9
Recommendations for improving documentation and process at HR life cycle.......................10
Evaluate specific regulations, legislations, and standards and their impact on organisational
decision making........................................................................................................................10
Importance of communication and coordination in a specific department in hospitality
organisation for value chain......................................................................................................11
Critically analyse different methods of communications and coordination..............................11
CONCLUSION .............................................................................................................................12
REFERENCES..............................................................................................................................14

INTRODUCTION
Hospitality is refers to the relationship between guest and the host in which hist has been
receive the guest with its goodwill. Hospitality industry is define as the broad category within the
services industry which has been associated with the lodging, food and beverages service, event
planning, theme parks and transportation etc. in which this has been concerns with the hotel,
restaurants and parks (Li, and Liu, 2018). The hospitality industry has been consist of the any
company which has been deals and put efforts for the higher customers satisfaction along with
this is mainly concerned with meeting leisurely need rather then basic needs. It is an multibillion-
dollar industry which is highly depended on the availability of leisure time, disposable income
along with the complete customers satisfaction. Hospitality industry is divided into four
segments that are food and beverages, travel and tourism, lodging and recreation. This industry is
describe as the largest and fastest growing industry across the world along with this, it has been
creates and employment and has the biggest contribution in the growth of country economy
whole creating large number of new job (Pizam, and Tasci, 2019). This report is based on the
Whitbread PLC which is an British based company with headquarter Houghton Regis, England
in. This has been operating in luxury hotels and resorts. The below report is consist of the
analysis of how to manage finance for minimizing cost, evaluation of human resources life cycle,
illustration of potential impact of legal and ethical coordination on business and importance of
coordinating and integrating various function of departments within hospitality industry.
MAIN BODY
Financial statements & ratio analysis:
Date Particular Amt.(Dr) Amt.(Cr)
01/04/16 Cash 180000
To capital a/c 180000
10/05/16 Property 130000
To cash 130000
15/06/16 purchase 6000
To cash 6000
1

Sales/ Capital
employed*100
01/07/16 Cash 8000
To sales 8000
01/08/16 purchase 9000
To cash 9000
01/09/16 Sundry expenses 200
To bank 200
01/10/16 Cash 17000
To sales 17000
01/11/16 Wages 2100
To cash 2100
01/12/16 Postage expenses 300
To bank 300
Cash a/c
Particular L.F Amt. Date Particular L.F
Amou
nt
To capital 180000
By
property
13000
0
To sales 8000
By
purchase 6000
2