Cost price: Difference between revisions

From Emerald Forest Hotel
Jump to navigation Jump to search
← Older editNewer edit →
No edit summary
No edit summary
Line 3: Line 3:
{{Running competition}}
{{Running competition}}
== Cost price per room==
== Cost price per room==
You know the [[occupancy rate]] of the rooms, and you know the variable and fixed [[costs]] per room. Both on this platform and in your Team sheet (mouse over in tab Results).  
You know the [[occupancy rate]] of the rooms, and you know the variable and fixed [[costs]] per room. Both on this platform and in your Team sheet (mouse over in tab Results). So you could calculate the cost price per room (type) and per season. So, by doing so you also know what the minimum price has to be to cover these costs. <br>
 
In hotel industry we work with [[RevPAR|Revenu per available room]], so your 'stock'.  
It is the standard rate or published tariff defined by the hotel management for a particular room category/type. This is what generally is shown on the tariff sheet of the hotel, on the website etc. These rates are always without any sorts of discounts, so they are kind of the maximum price is most situations. So they say, you could consider them 'the ideal price' from the management perspective. <br>
Of course the counterpart is the [[last-minute price]]. Of course there is much more price systems then just these two. If your hotels has a good idea on this, explain it in your decisions to your coach and make calculations. In your decisions other options don't exist. More on the pages [[prices]] and [[decisions]]. <br><br>
More info online on sites like: 
[http://traveltips.usatoday.com/rack-rate-hotels-107299.html Traveltips] or [http://mentalfloss.com/article/74828/why-are-hotel-rack-rates-so-exorbitantly-high Why are these rates so high?].  


<br><hr>
<br><hr>

Revision as of 10:48, 24 May 2018

→ Go! Category:Hotel info
→ Go! Running competition

Cost price per room

You know the occupancy rate of the rooms, and you know the variable and fixed costs per room. Both on this platform and in your Team sheet (mouse over in tab Results). So you could calculate the cost price per room (type) and per season. So, by doing so you also know what the minimum price has to be to cover these costs.
In hotel industry we work with Revenu per available room, so your 'stock'.


→ GO! Top of this page

Emerald Forest Hotel offering an emerald hotel experience! | Run your own hotel in this management simulation.
Retrieved from "https://www.emeraldforesthotel.eu/index.php?title=Cost_price&oldid=23784"