A Analysis On The Sanctuary Hotel

In accounting there is much to be learned, about the financial aspects of a business. In the past five weeks I have learned the importance of financial reports and how they relate to the success of an establishment. These reports may include balance sheets and income statements, which help accountants and the public grasp the overall financial condition of a company. The information in these reports is really significant to, managers, owners, employees, and investors. Managers of a business can take and deduce financial

At the same time this was happening, a handsome and wealthy young man, who went by the name H. H. Holmes, arrived in Chicago in 1886 searching for work as a doctor or pharmacist. He established his pharmacy, but later bought a small land across the street and built a construction that was perfect for his practice of disposing of the bodies he murdered. The first floor was for his pharmacy, along with retail shop fronts. The top two floors had apartments for rent with secret hallways and passages to the basement to make the disposal of bodies convenient. Holmes decided to turn his building into the World's Fair Hotel when he found out the Fair site was near him. The building underwent another construction project and he added a kiln in the basement

The Portman Hotel was built with the intent of being a 5 star hotel that provided superior service to its guests. This superior service centered around a business plan that was based on Asian standards of hospitality.

Hilton Hotel is founded by Conrad Hilton, they started their operation since 1919 and since then, they become one of the well-respected premier hospitality organizations with diverse employees worldwide. Currently, they have more than 4,600 owned and franchised hotels and resort chain in 100 countries. It has more than 200,000 rooms to accommodate guests from different parts of the world. It has more than 400,000 employees and team members to answers the needs of their guests (Hiltonhotelworldwide.com, 2016). In most of their branches their organizational structure is simple, with managers and supervisors from a different department, including admin, marketing, finance, human resource, concierge, food and beverages, housekeeping and etc.

Although financial statement analysis provides a great deal of important information regarding financial condition, but it doesn’t provide much insight into the operational causes of that condition. Hence operating indicator analysis is done, which uses operating data such as occupancy, patient mix, length of stay and productivity measures that are usually not found in business’s financial statements. Operating indicator analysis helps in identifying the factors that contributed to the assessed financial condition.

The account that I have chosen is Shangri-La Hotel. Shangri-La Kuala Lumpur is an award-winning 5 stars luxury hotel located in Sultan Ismail Road, Kuala Lumpur. It is managed by Shangri-La Hotels and Resorts. Shangri-La Hotel, Kuala Lumpur offers the ultimate in comfort and convenience in its 662 luxuriously appointed guestrooms and suites (Cobaj, n.d.). Its Horizon Club is a sanctuary of comfort and elegance reserved for today’s frequent travellers to experience a higher standard of accommodation and service.

Studio M Hotel Singapore is owned by CDL Hospitality Trusts (CDLHT) , which is managed by Millennium & Copthorne Hotels PLC’s subsidiaries. It is a 4-star loft-inspired hotel that is targeted at business and leisure travelers, located dominantly along Robertson Quay.

From the large, multi-national corporation down to the corner beauty salon, every business transaction will have an effect on a company's financial position. The financial position of a company is measured by the following items:

Bliss Hotel stays true to its name. With 42 rooms and eight room categories to cater to the needs of every guest and located in the perfect spot for nightlife entertainment and retail therapy, Bliss Hotel provides you more than just a comfortable stay. Decorated entirely according it its theme, Modern Chinese, Bliss Hotel gives you an interesting twist to modern living.

A way of doing this is to complete a survey of all the other hotels in

The Report below is about analysis of the importance of the financial ratios of the Chancellors Hotel and Conference Centre. Hotel is owned by The University of Manchester and it is located in Fallowfield, Manchester, United Kingdom. Ratio analysis helps to identify problem areas and opportunities

A vertical analysis of income is a vertical column of data expressing each expense category as a percentage of sales (Lita Epstein, 2014). An expense percentage is figured by dividing the expense amount by the profit amount and multiplies by one hundred. The total of the expense percentage will be one hundred percent. For example, County Hospital’s vertical analysis shows operating expenses use forty seven percent, taxes paid use sixteen percent; cost of goods sold use twenty four percent, and net income was twenty percent of their income. Vertical analysis only shows percentage and less detail than other methods of financial evaluation.

In the case of the Melbourne Hilton Hotel gap analysis; these are the following areas of service that will be observed in order to improve the company’s reputation and leading to a greater market share:

Revenues Breakeven Basics Costs, Revenues and Profits Business Costs Using Budgets Using Breakeven in Decision-Making Investment Appraisal Basics Financial Strategies Measuring and Improving Profit Improving Cash Flow Working Capital Balance Sheet Income Statement Financial

Figure 6 gives an inside in the revenue per available room (RevPAR) of hotel SCM. The figure shows the influence of the high and low season again January and December are low season and show a lower RevPAR, where July, August and September which are high season show the highest RevPAR. When comparing January year 3 40.74 to August year 3 93.92 this is a difference of 53.18 in RevPAR all due to the influence of the high and low season. The RevPAR increased every year of existents of hotel SCM.