What is Hubbart Formula, market condition approach & Thumb Rule
What is Hubbart Formula ?
Hubbart Formula is also known as bottom-up approach to pricing rooms introduced by Roy Hubbart in 1940. This approach considers...
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...
FORECASTING ROOM AVAILABILITY
FORECASTING ROOM AVAILABILITY
Forecasting room availability is forecasting the number of rooms available for sale on any future date. This type of forecasting helps manage...
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...
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,...
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....
Factors affecting Budget Planning
FACTORS AFFECTING BUDGET PLANNING
The following are the elements, which have an n, affects on the front office budget planning.
1.Accommodation: This is one of the...
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...
Budget
Budget
Defination : A budget is the monetary or and quantitative expansion of business plans and policies to be pursued in the future period of...
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...
