PLANNING AND EVALUATING FRONT OFFICE OPERATIONS
FRONT OFFICE MANAGEMENT FUNCTIONS
PLANNING AND EVALUATING FRONT OFFICE OPERATION:
Planning: At the planning stage, the front office manager shall determine the department’s goals. Later,...
Types of discounted rates – corporate rack etc.
Types of Rate Codes used in hotels
Hotels always have more than one rate code category for each room type. Room rates categories generally correspond...
Types of budget and budget cycle
TYPES OF BUDGET
1- MASTER BUDGET – A master budget is a comprehensive projection of how management expects to conduct all aspects of business over...
Fidelio / IDS / Shawman
FIDELIO
A Hotel Management System (HMS) Fidelio is a completely integrated system package designed to maximize the efficiency of the hotel. Fidelio is one of...
Capital and Operations Budget for Front Office
CAPITAL AND OPERATIONAL BUDGET FOR FRONT OFFICE
The main objective of the cash budget is to determine the cash inflow, cash outflows and the resulting...
Making a front office budget
MAKING A FRONT OFFICE BUDGET
The most important long term planning of the Front Office Management team is Budgeting the Front Office Operations.Every hotels Annual...
Types of forecast
Types of forecast
TYPES OF FORECAST
Front office may have several types of forecasting formats.
Occupancy forecast are developed typically on monthly basis and are reviewed by...
Evaluating front office operations
Evaluating Front Office Operations
A successful front office manager shall continuously evaluate the results of department activities on a daily, monthly, quarterly, and yearly basis....
Refining Budgets, Budgetary Control
REFINING BUDGET
If the actual operating figures and budgeted figures are distant from each other, then this suggests a refining or revision of our budget.
revision...
Forecasting techniques
Qualitative methods: These types of forecasting methods are based on judgments, opinions, intuition, emotions, or personal experiences and are subjective in nature. They do not rely on any rigorous mathematical computations.
Quantitative methods: These types of forecasting methods are based on mathematical (quantitative) models, and are objective in nature. They rely heavily on mathematical computations.
