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HM 475 WEEK 2 Financial Status Report NEW

HM 475 WEEK 2 Financial Status Report NEW
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HM 475 WEEK 2 Financial Status Report NEW

HM 475 WEEK 2 Financial Status Report

Resource: Blue Mist Hotel Financial Ratios Sheet

 

You are the Assistant Manager at the Blue Mist Hotel, a 425-room hotel in Phoenix, Arizona. The General Manager has asked you to prepare a 700- to 1,050-word report on the financial status of the hotel for the month of May.

 

Access the Blue Mist Hotel Financial Ratios sheet and calculate the remaining six financial ratios.

 

Use the ratio calculations to determine the financial status of the hotel for the month of May.

 

Explain different types of revenue streams in the hotel

Explain how the financial ratios are used to maximize profits

Describe the importance of demand forecasting

Describe the advantages and disadvantages of overbooking

Define how RevPAR is used in the revenue management strategy

Click on the Assignment Files tab to submit your report.

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