The budget setting process of Highgrove Manor Hotel for 2001.
Date Submitted: 01/02/2003 21:21:53
Category: / Business & Economy / Accounting
Length: 8 pages (2326 words)
Category: / Business & Economy / Accounting
Length: 8 pages (2326 words)
Looking back at 2000, Highgrove Manor Hotel was exercising a year of declining total occupancy rate and short on revenue. From the data table, it appears that hotel management had over-estimated the amount of money guests who would spend on the bistro, health club, and other income sources. Despite the private room occupancy are stabilized, the hotels still runs short of their total revenue. Increased interest rates of the loaner seem to aggravate that situation. By …
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