Costs Management Team Decisions: Difference between revisions
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{{Header Game play}} | |||
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== Structure of the costs groups == | == Structure of the costs groups == | ||
In | In your operating review at the tab results there are three major groups of costs. Mouseover the first cells with the small black triangle and you will get additional information on the numbers. | ||
As you can see in this example above | [[Image:Results costs 2021 03.jpg|thumb|700px| center| <center>''Example of all data on costs throughout the years.''</center>]] | ||
As you can see in this example above shows the operating review of a demo Management Team after four years: this is how it looks in your Team File. The year 0 is your starting position, (these data are available), the other four years are just an impressions on how things might develop:<br> | |||
More info on costs: | |||
* the [[fixed costs]] have stayed the same during all four years, the fixed depreciation costs are one of them. | * the [[fixed costs]] have stayed the same during all four years, the fixed depreciation costs are one of them. | ||
* the [[variable costs]] depend on the occupancy rate like laundry: the more rooms occupied the more laundry. | * the [[variable costs]] depend on the occupancy rate like laundry: the more rooms occupied the more laundry. | ||
* the [[Costs Management Team Decisions]], will depend the decisions made by the new | * the [[Costs Management Team Decisions]], will depend on the [[Year 1-2-3-4|Year 1-2-3-4 decisions]] made by the new Management Team. | ||
== Overview of total of the costs of Management Team Decisions == | == Overview of total of the costs of Management Team Decisions == | ||
Let's check the costs related to the decisions you took for the hotel. At the | Let's check the costs related to the decisions you took for the hotel. At the time you take over they are none: in the picture the grey area. In the table underneath the green numbers. | ||
<table border=1 cellpadding=8> | <table border=1 cellpadding=8> | ||
<tr><th>'''Costs'''</th></tr> | <tr><th>'''Costs'''</th></tr> | ||
| Line 37: | Line 34: | ||
</table><br> | </table><br> | ||
As you take over the hotel, there are no expenditures on this | As you take over the hotel, there are no expenditures on this cost group. So all expenditures in this part will come extra next to the existing ones. So these are the only costs the new Management Team can influence directly. | ||
== Explanations on this == | == Explanations on this == | ||
All of the new decisions | All of the new decisions, Year 1-2-3-4 (numbers 6 -10) in this group, will lead directly to costs. They are directly connected to the situation the family Bergman explained: they have been neglected. As you can see in the past there were no costs made regarding these decisions. Of course, this was good for the profit but it will come back like a boomerang! So the family urges the new management to use these costs group 'Team decisions' in an efficient way. The screenshots just show a few years as an example during some testing with the accountant. The history is the only valid, last year's result. <br> | ||
Most important, neglected elements in the situation on Emerald Forest Hotel: | Most important, neglected elements in the situation on Emerald Forest Hotel: | ||
* Marketing costs | * Marketing costs | ||
* Staff development | * Staff development | ||
| Line 50: | Line 46: | ||
</li> | </li> | ||
== More numbers == | |||
Check [https://setupmyhotel.com/train-my-hotel-staff/front-office-training/187-fixed-cost-and-variable-cost-in-hotels.html basic set-up of costs groups] in hotels to have some reference on the numbers. <br> | |||
Of course, any situation is different, any time frame (think of the [[Covid]] period), the ownership, the state (quality) of the premises etc. The file, though, this might give some ideas from a calculative perspective. | |||
<br><hr> | <br><hr> | ||
''→ GO! [[#top|Top of this page]]'' | ''→ GO! [[#top|Top of this page]]'' | ||
<center><small>''Emerald Forest Hotel'' | <center><small>''Emerald Forest Hotel'' offer an <font color="green">'''emerald''' </font color="green">hotel experience! | ||
| Run your own hotel in this management simulation.</small></center> | | Run your own hotel in this management simulation.</small></center> | ||
Latest revision as of 15:32, 10 September 2023
Structure of the costs groups
In your operating review at the tab results there are three major groups of costs. Mouseover the first cells with the small black triangle and you will get additional information on the numbers.
As you can see in this example above shows the operating review of a demo Management Team after four years: this is how it looks in your Team File. The year 0 is your starting position, (these data are available), the other four years are just an impressions on how things might develop:
More info on costs:
- the fixed costs have stayed the same during all four years, the fixed depreciation costs are one of them.
- the variable costs depend on the occupancy rate like laundry: the more rooms occupied the more laundry.
- the Costs Management Team Decisions, will depend on the Year 1-2-3-4 decisions made by the new Management Team.
Overview of total of the costs of Management Team Decisions
Let's check the costs related to the decisions you took for the hotel. At the time you take over they are none: in the picture the grey area. In the table underneath the green numbers.
| Costs | ||||
|---|---|---|---|---|
| Costs: fixed | Depreciation costs of existing assets | € 525,187 | 34.64% | |
| Fixed staff costs | € 550,271 | 36.29% | ||
| Costs of premises | € 390,473 | 25.75% | ||
| Insurance & interest costs | € 50,012 | 03.29% | ||
| Total fixed costs | € 1,515,943 | 100% | 62.36% | |
| Costs: variable | Variable staff costs | € 355,170 | 38.95% | |
| Laundry costs | € 118,390 | 12.94% | ||
| Cleaning costs | € 236,780 | 25.88% | ||
| F&B purchase costs | € 204,312 | 22.33% | ||
| Total variable costs | € 914,652 | 100% | 37.63% | |
| Costs: team decisions | Marketing costs | € 0 | 00.00% | |
| Extra staff development costs | € 0 | 00.00% | ||
| Extra depreciations costs | € 0 | 00.00% | ||
| Market research costs | € 0 | 00.00% | ||
| Other costs | € 0 | 00.00% | ||
| Total team decisions costs | € 0 | 100% | 00.00% | |
| Total all costs | € 2,430,595 | € 2,430,595 | 100% |
As you take over the hotel, there are no expenditures on this cost group. So all expenditures in this part will come extra next to the existing ones. So these are the only costs the new Management Team can influence directly.
Explanations on this
All of the new decisions, Year 1-2-3-4 (numbers 6 -10) in this group, will lead directly to costs. They are directly connected to the situation the family Bergman explained: they have been neglected. As you can see in the past there were no costs made regarding these decisions. Of course, this was good for the profit but it will come back like a boomerang! So the family urges the new management to use these costs group 'Team decisions' in an efficient way. The screenshots just show a few years as an example during some testing with the accountant. The history is the only valid, last year's result.
Most important, neglected elements in the situation on Emerald Forest Hotel:
- Marketing costs
- Staff development
- Depreciation costs of the new investments
- Market research costs
- Other costs
More numbers
Check basic set-up of costs groups in hotels to have some reference on the numbers.
Of course, any situation is different, any time frame (think of the Covid period), the ownership, the state (quality) of the premises etc. The file, though, this might give some ideas from a calculative perspective.
→ GO! Top of this page
