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Essay Available:
Pages:
1 page/≈275 words
Sources:
No Sources
Level:
APA
Subject:
Tourism
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 3.6
Topic:

Repair and Maintenance (Essay Sample)

Instructions:

Repair and maintenance costs are often highest when occupancy rates are lowest. This makes POM costs highest when hotel revenues are lowest. What steps should management take to minimize this effect? Be specific with your analysis.

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Content:


Steps hotel management should take to minimize high repair and maintenance costs, low occupancy rates, high POM costs and increase hotel revenues
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A GM of a hotel will never understand how bad or good the hotel is doing if he does not keep accurate records of the hotel’s expenses and revenues. By evaluating key figures like the occupancy rate, repair and maintenance costs, POM costs, and hotel revenues, he can obtain a clear picture of progress of the hotel. The Revenue Per Available Room (RevPAR) is one the major key figures that the GM can use to evaluate the performance of the hotel. The RevPAR is obtained by doing calculation, which evaluates the room and occupancy rate, and also offers insight how effective the hotel is using its room inventory.
In order to maximize the revenues of the hotel, the GM need to monitor closely all aspects of the hotel’s operations. The GM cannot maximize profits simply by charging less for the hotel rooms in attempt to attract more guests. Depending on a given market segment, the GM can maximize revenue and increase RevPAR by charging relatively higher rates than the competitors while providing highly excellent hotel services to custo...
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