Budgeting

Please can some body tell me about budgeting about a hotel

Replies to This Discussion

Permalink Reply by Gyasuddin Ansari on November 4, 2009 at 16:35

Budgeting in Hotel is very important act of Managment. you should keep in mind all awarness nearby hotels which are already in existance and your hotel previous year data and variance with last year Budget. Its revenue and expenses should considered, secondly you should anlysis your Hotel SWOT Anlysis. Which Shows hotels Strength, Weekness, Opportunities and Threat from Market. Guest Movement is master key of revenue.

Number of inventory of Rooms and outlets should specified seprately to allocate expenses. Generally in Hotel Industry there are three head of Revenue :
1) Room Division
2) Food & Beverage Division
3) MOD Division (Minor Operating Department) as Laundry, Busincess Centre, Telephone, Travel Dest, Rental Income from Shop etc.

and for expense you should considered previous year actual data and head of expenses. You should always keep in mind the future planing of management which might be increase a certain kind of expenses. Budgeting should be made keeping in mind of all around happenings present and future.

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Permalink Reply by Amit patel on November 5, 2009 at 8:20

you ar right sir

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Permalink Reply by Clarence Farrell on November 5, 2009 at 10:22

You have to also include Capital Budget for renovations refurbishing for the coming year.

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Permalink Reply by miguel salman on November 4, 2009 at 18:21

dont forget the spa.. if run properly its a major revenue department

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Permalink Reply by Amit patel on November 5, 2009 at 8:21

right sir

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Permalink Reply by luigi monfardini on November 4, 2009 at 18:53

Dear if you want I can make it for you...... i can each you
eheheh
let me know
ciao

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Permalink Reply by Ashiq Hussain on November 4, 2009 at 19:04

luigi,
please go ahead
my email ia ashiqhussianlone@yahoo.co.in

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Permalink Reply by mohit kumar on November 5, 2009 at 0:30

hi luigi ,
can u teach me s well , my id is mohitsingh1983@gamil.com
thnx

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Permalink Reply by Dragos Paraschiv on November 5, 2009 at 10:44

Dear Luigi,
I would much appreciate if you can share your expertise with me also. My e-mail address is dragos.paraschiv@gmail.com

Thank you and best regards,
Dragos

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Permalink Reply by dipak Haldar on November 5, 2009 at 10:58

Mr Luigi
I Shall be highly obliged to you if you can share your expertise with me also. Thumb rule of hotel budgeting , percentage etc. My e-mail address is dipakhaldar@yahoo.co.in.

Regards
Dipak