Bsc Front Office Management Sem 5

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.

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...

Forecasting Data The process of forecasting room availability generally relies on historical occupancy data. To facilitate forecasting ,the following daily occupancy data should be collected: ...

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 A successful front office manager shall continuously evaluate the results of department activities on a daily, monthly, quarterly, and yearly basis....

Budget  Defination : A budget is the monetary or and quantitative expansion of business plans and policies to be pursued in the future period of...

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...

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...

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...