Terminus Hotels Essay Example For Students

Terminus Hotels Essay 1. Assess the decisions made by the hotel’s management in relation to the various offers received Due to the uncertain economic and financial situation in 2008, the Marketing Department of the Terminus Hotel forecasted an average occupation level of 40% during 2009. In November 2008, the department received two offers from regular customers, the first at a rate of â‚ ¬90 for 10 rooms per day, and the second at a rate of â‚ ¬95 for 5 rooms per day. Both offers were rejected. Based on the numbers, it appears that the accounting department rejected both offers because the rate fell short of the total cost per room per day for the hotel. Assuming an occupancy rate of 40% and Master-Budget Capacity Utilization costing, the budgeted total room cost per day was â‚ ¬111 (â‚ ¬86 fixed cost + â‚ ¬25 variable cost). Capacity Concept| Fixed Costs| Capacity Level| Fixed Cost per Room| Variable Cost per Room | Total Cost per Room| Theoretical Capacity| 2,500,000| 200| 34| 25| 59| Practical Capacity| 2,500,000| 195| 35| 25| 60| Normal Capacity | 2,500,000| 120| 57| 25| 82| We will write a custom essay on Terminus Hotels specifically for you for only $16.38 $13.9/page Order now Master-budget Capacity | 2,500,000| 80| 86| 25| 111| Additionally, if the costing department decided to recalculate the unit costs due to the loss of the â€Å"regular† customers, thus spreading the fixed cost over a smaller number of rooms, the price would rise and become increasingly uncompetitive; effectively a downward demand spiral. Finally, the case states â€Å"As in the case of Pearson Travel, Impressa Reisen kept to its regular bid and did not depart from previous forecasts†, which indicates that in previous years both bids would have been accepted. Assuming that in the previous years, the occupancy rate matched the longer-term average of 60% (Normal Capacity), the total cost per room at â‚ ¬82, would have been below the bid price, and thus accepted. In summary, the choice of Master-Budget Capacity Utilization, especially in a year-of-crisis when fixed costs are spread across a smaller demand, was the incorrect choice, and led to the rejection of the two offers. Had they actually been using Normal-Capacity utilization, the offers could have been approved. 2. Which price would you set for the rooms? We would choose to use Practical Capacity in order to calculate the budgeted fixed cost per room. Using this approach, the total cost of a room per day would be â‚ ¬60 (â‚ ¬35 fixed cost + â‚ ¬25 fixed cost). Using Master-Budget Capacity Analysis increases the costs to a point at which the room price is uncompetitive and in which the guests are paying for the unused capacity of more than 1/2 the hotel. It is also important to consider the long-term relationship with a customer. Both offers were from regular-clients and it could be argued that even if their offers fell below their regular bids, they should have been carefully considered. When calculating the Customer Lifetime Value, the retention factor for a client is an important component of the equation. Moreover, financial benefit can be made on any price that is above the direct cost, which in this instant is the â‚ ¬25 variable cost, signifying benefit on any price above â‚ ¬25. With most hotels, and from the financial statements, we know that the Terminus hotel makes a profit from the restaurant business. This as well should be included in determining the Average Daily Spend for a guest, over and above the room rate. Considering the financial statements provided in case A, if we take the operating profit divided by the days per year and average occupancy rate, the average profit per room was â‚ ¬14. 25. Adding this to the total cost associated with Practical Capacity, the target price per room could be â‚ ¬75. 50, which would result in a margin of 24%, at the high-end of the industry (Lloyds August 2008 Hotel Catering Review). .uf5992974986e09d80ba2783b039c47fc , .uf5992974986e09d80ba2783b039c47fc .postImageUrl , .uf5992974986e09d80ba2783b039c47fc .centered-text-area { min-height: 80px; position: relative; } .uf5992974986e09d80ba2783b039c47fc , .uf5992974986e09d80ba2783b039c47fc:hover , .uf5992974986e09d80ba2783b039c47fc:visited , .uf5992974986e09d80ba2783b039c47fc:active { border:0!important; } .uf5992974986e09d80ba2783b039c47fc .clearfix:after { content: ""; display: table; clear: both; } .uf5992974986e09d80ba2783b039c47fc { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uf5992974986e09d80ba2783b039c47fc:active , .uf5992974986e09d80ba2783b039c47fc:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uf5992974986e09d80ba2783b039c47fc .centered-text-area { width: 100%; position: relative ; } .uf5992974986e09d80ba2783b039c47fc .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uf5992974986e09d80ba2783b039c47fc .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uf5992974986e09d80ba2783b039c47fc .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uf5992974986e09d80ba2783b039c47fc:hover .ctaButton { background-color: #34495E!important; } .uf5992974986e09d80ba2783b039c47fc .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uf5992974986e09d80ba2783b039c47fc .uf5992974986e09d80ba2783b039c47fc-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uf5992974986e09d80ba2783b039c47fc:after { content: ""; display: block; clear: both; } READ: After the Reconstruction period, African Americans EssayAt this price, the offers look solid and should be accepted. In conclusion, assuming practical costing and an alignment of prices with previous bids, a price of â‚ ¬90 is reasonable. However, due to the economic climate and the use of practical costing, there is room for reducing margin and to price competitively at â‚ ¬75. Alternatively, a more complex approach to price setting and maximizing the returns of the hotel over the year could be taken. Revenue yield management technologies, such as those offered by Yeelders (http://yeelders. om), permit even a single hotel to take advantage of the strategies used by their much larger chain rivals. By gauging the length of stay, non-refundable rate, or time to arrival, together with a measure of demand that is based on booking patterns, seasonality, and information from local international markets, an optimum price can be calculated. This of course should be done in combination with maximizing revenue channels: last minute deals, packages, and holiday sales.

The Number One Question You Must Ask for Government Persuasive Essay Topics

The Number One Question You Must Ask for Government Persuasive Essay Topics Ideas, Formulas and Shortcuts for Government Persuasive Essay Topics Just adhere to the guidelines stated above, and you will be well on your way to writing a decent persuasive essay. At the exact same time, it's a wonderful persuasive essay idea. Even should you not own a topic for persuasive essay then it doesn't matter, our writers can help the entire process, from starting to end, and are going to be able to acquire your work done in time, however urgent the deadline might be. You still must make an outstanding bit of writing. There are just a few things that define whether an essay you're working on is going to be a good one. Bear in mind that you may make funny argumentative essays if you do a few things. After you settle on the subject and pick the position on which you will base your essay, the remainder of the job can then begin. There are many intriguing topics that could be become a persuasive essay if you take the opportunity to consider about doing it. Students often stress about trying to find utile persuasive essay tips and searching for ideas due to the fact that they feel it's an uphill job, but the secret is to understand the essence and make an appropriate outline first by planning for it correctly. From time to time, employing the exact same topics over and over again makes they bored and unable to find inspiration to write essays. A great deal of students have a tendency to find writing a persuasive essay somewhat challenging because of the essence of the essay and its dynamics. What About Government Persuasive Essay Topics? Once you choose this issue, you must revolve around the key points of the speech. Persuasive essays are a fantastic approach to encourage the reader to check at a particular topic in a different light. Always remember a great persuasive essay ought to be persuasive. The most effective persuasive essays persuade the reader to agree with a certain point of view, perspective or maybe to take a part icular action. The reader ought to take the author's side by the close of the reading. It is going to be better in the event that you consider and understand your audience. Apparently, you ought not purposely select a topic that will bore your audience. Besides, the dearth of suitable grammar makes the listeners shed respect to the speaker. Honestly, you merely must place an order with your requirements and your speech is going to be done as quickly as possible. Domestic terrorism isn't really an overwhelming issue in the us. As you have read hilarious persuasive speech topics and can decide on the one that you need to write about, you can write a fantastic speech. Freedom of choice is terrific. The degree of education ought to be the very same in public and private schools. To help students just like you find debatable topics, we've gathered a wide variety of ideas on unique subjects and academic levels. There are a lot of things which can be discussed in regards to education. Argue th at public higher education has to be free for everybody. When you're writing such essay, the goal is to come out with the ideal college essays. Some teachers, but do not segregate the topics into the distinct educational levels but assign all the funny persuasive essay topics to all and permit the students to compose the essays since they like. Begin with general subjects that you are conversant with then narrow down to a particular topic. Health is something which all of us have to be concerned about. You absolutely adore the notion of selecting your own topic, but later you can't consider anything. The very first thing is to realize the topic you've selected and its main intent. The very first thing you need to realize searching for an ideal topic is that your opinion is the thing that matters the most. With all these things to argue about and for, it may be a bit overwhelming to develop a topic by yourself. Why smart individuals don't know they have the incorrect ideas. When it's our own health or the well-being of a loved one, there are a number of things to consider and research on. Better think about and create the list of the things you like talking the most. Many people wind up covering the exact same tired topics they see in the media daily, just because they can't produce a better idea.

Good Topics For An Org Behavior Paper

Good Topics For An Org Behavior PaperIf you are going to write an org behavior paper for your career assessment, it is critical that you select good topics for an org behavior paper. If you aren't sure what these things are, you should really start looking for tips and ideas on them. It will be very helpful for you if you can find some types of students that may need your help. Here are some examples of topics for an org behavior paper.Sex: This is the one thing that many students feel they have a lot of questions about. You may have more questions than answers, but this can still be a good topic to start with. Sometimes students don't like to talk about sex because it seems so sensitive, but when you can understand the concerns they have, it can be a very productive way to learn about the issue.Relationship and marriage: One of the biggest questions that many students have is whether or not they should be in a relationship or not. It is hard to say whether or not you should remain s ingle or if you should consider finding a partner. It all depends on the type of student you are dealing with. If you are in a situation where you are unsure, then this can be a great way to talk about it.Health Issues: One of the first things that many students do is discuss their health and fitness at school. There is no right or wrong answer to this. However, it does require an understanding of the issues that students face that relate to their health. This is another great topic to look into.Homework: There are so many different problems that come up with homework. They may need help to do their homework or they may want to go out and get some guidance. This is another good topic for an org behavior paper.Character: A lot of students like to write about their characters. They might like to change their characters or describe how they will act out in a particular situation. This is another topic that can be a lot of fun to write about.Unique Views: When it comes to things that a lot of students enjoy, you will often see a lot of interesting viewpoints on their favorite topics. This is a topic that can be fun to write about. In fact, students love to write about something that they will relate to because they find it fun.These are just a few of the good topics for an org behavior paper. There are many more ideas out there that you can think about. You should always research your topics before you begin writing the paper so that you can ensure that your thoughts and ideas are fresh and applicable to your topic.

The Biggest Myth About Apush Year Long Essay Topics Exposed

The Biggest Myth About Apush Year Long Essay Topics Exposed A Startling Fact about Apush Year Long Essay Topics Uncovered If you're trying hard to develop a third category chances are it is not likely to be an extremely strong category or paragraph anyway. The topic question is going to be related to a specific process particularly moment. The complicated part will be key terms. Thus, you'll have a feeling of time and will be in a position to write more for a briefer period of time. You are unable to pass this kind of exam in general without preparation and in depth knowledge in the area of the U.S. History. It should take a minumum of one year to get ready for this exam. Provide all the first details, let us know about the deadline, and we'll begin making your paper to assist you in getting high grades. As you know by this time, reviewing different students' work can be a really effective and beneficial approach to study for DBQ. All About Apush Year Long Essay Topics To find out more about how our tutors are able to help you succeed, check outthe CollegeVine Academic Tutoring section on the site. The E-book can be particularly useful to college students on account of the features that it attains. In the event the young children are capable of using this technology, college students may use it in order to create the college experience easier for them (Bosoms). Students lead busy lives and frequently forget about a coming deadline. There's, obviously, a limit on the variety of pages even our finest writers can produce with a pressing deadline, but usually, we figure out how to satisfy all the clients seeking urgent assistance. Timing your writing can help you become aware of areas you might need to work on. Even in the event the deadline is very tight, feel free to get hold of our managers. Each APUSH essay option focuses on identical themes and writing requirements, so pick the period of time that most fits your skill collection. The True Meaning of Apush Year Long Essay Topics Folks say they cost too much for the grade of the product while some are excited about all its features. Some E-books supporters think that the E-book will have the ability to manage all the work that must be done while also being a source of entertainment (Glazer). Maybe you simply do not know the subject well enough, and that's the reason you cannot locate the idea for your history essay. Most history essay topics are too big for a couple pages. Think about the subject of the history essay you've already written before. If you wish to write a very good history essay you'd better pick a topic that is familiar to you. The following ideas will offer you a better grasp on how best to compose an APUSH essay or what things to anticipate from it. If you enjoy these amazing suggestions for history essay topics and history essay prompts, do not neglect to share them with your pals. But if essay-writing is not one of your existing strengths, there are some suggestions you can follow to make writing in an APUSH essay format a lot easier. Search for the international history essay topics in the news or on the internet. Choosing our service, you are going to understand that studying can be simple if you gain from the help of capable experts. There's plenty if useful information regarding the Web. This way you'll limit your topics to the one which is most appropriate for you. Sure, it may be among the more popular APUSH topics, but I'm positive you might locate an exceptional component of this period. Students have slowly found a means to use the web to purchase and sell books (Kinkier). Begin by readin g through both prompt alternatives, and pick the one that you feel more confident in writing about. Moreover, E-books can impact the reading habits of people and actually make them read more. Thus, the E-book has the capacity to quickly grow to be the future of reading. With the E-book, it's simpler to log on to the net and download a complete length novel than visiting the library (Smith). It's also the very first thing that the grader will see, so begin with a strong thesis! The writing process is going to be a pleasure, and your reader will delight in reading your bit of academic writing. What You Need to Know About Apush Year Long Essay Topics Despite these contentions, an appreciable part of the colonial populations felt that declaring independence wasn't the appropriate plan of action. Sometimes I had to return and re read sections to figure out which century in. Firstly, it enables you to offer evidence for those trends in history. The function of women at the start of the 20th century in Europe.

Current Event Essay Samples

Current Event Essay SamplesI'm sure you've heard of the current event essay samples and their use in writing articles, books, or articles for the internet. Although I've been interested in it for a while, I only recently found the many benefits of this method of writing a piece and have begun using them more often.A current event essay is a sort of source to find any bit of information from any source online. The event has been around for as long as journalism and print media existed. Any item with enough interest can be used as a source.There are many essay samples on the web containing current events. These are typically very good essays and will give you some great ideas for your own current event. Since so many people want to write about current events, you could become really well known for your skills.Writing a current event essay is not too difficult. All you need to do is find a subject that interests you. For example, you could write about how your dog likes the smell of smo ke or how your daughter wants to eat fruits. Once you find something that you like, just use that source as a starting point for your current event essay.The current event essay samples have proven themselves to be very popular for this reason. They are easy to write, find something interesting and place it in the middle of an essay. From there, you simply describe the content of the event and move on to the conclusion. You could even end it with a note about what you think the author should do next.Many college students and teachers use current event essay samples to help their students learn how to write great essays. It's a great way to get students excited about learning how to write essays because they know the source of the information is very entertaining.A current event essay sample will help your students understand the importance of good research, and how to make their essays work well and good at the same time. Students need to start thinking about how a good essay can he lp them succeed in their school and in life.As you can see, writing a current event essay sample is not so difficult. It will be fun and will teach you all the strategies that you need to get into the market for your future.