Hotel Management Flashcards
What is a company’s mission statement?
Underlying philosophy that gives meaning and direction to hotel policies and a sense of purpose. Three main groups: guests, management and employees.
Revenue vs. support centre
Revenue centre sells goods and services to guest and generates revenue for the hotel e.g. F&B, FO, Catering
Support centres (cost centres) – housekeeping, accounting, engineering and HR.
Explain the triangle of Business Goals, Strategy and Tactics
- Business Goals: The big picture of your business
- Strategy: A plan to meet the identified goals and is audience and goal focused.
- Tactics: Specific ideas and actions used to meet the goals of a strategy and achieve the objective
Guest cycle:
Reservations -> Arrival/Check-In -> Guest uses the outlets -> Post guest charges -> Night Audit -> Check-Out
Tasks of accounting
- Receiving and paying money
- Monitors the financial activities of the property
- Payment method
- Proactively advise and guide a hotel to increase profitability
- Is not responsible for the budget, S&M is responsible for cost overview
What are the financial activities?
o Paying outstanding invoice o Distribute unpaid statements o Collecting amounts owed o Processing payroll o Accumulating operating data o Financial reports o Making bank deposits o Securing cash loans o Sending a request for the deposit and arranging the final bill (Banqueting sales makes the final bill)
Examples of advise and guidence for a hotel to increase profitability:
o accounts payable – paying incoming bills
o accounts receivable – receiving payments
o payroll – paying the hotel employees
o credit manager – works with groups and events for billing arrangements and approves the people who can by on credit
Sales and marketing functions in a large hotel
- Sales
- Revenue management
- Convention services
- Advertising
- PR
Who fills al the S&M roles in a small hotel?
The GM
HR is responsible for:
o Employment (external recruiting and internal reassignment) o Training o Employee relations (quality assurance) o Benefits o Administration o Labour relations and safety
What is part of HR planning?
o Recruiting o Hiring o Compensation o Training o Evaluation o Benefits
Enineering and maintenance are responsible for:
- Maintaining the property’s structure and grounds, electrical and mechanical equipment
- Swimming pool sanitation, parking lot cleanliness, fountain operations and operation of safety equipment
- Event: if there is a big event requiring a lighting, they are in charge of that
What is Security and Loss Prevention and what are they responsible for?
- They are the law enforcement, fire and EMS () for a hotel
- Guest safety
- Loss prevention
- Security and safety of equipment
- Keys
- Safety procedures – first aid
- Identification procedures
Rooms Division consists of:
- Consists of Front Office, Housekeeping, Concierge, Security and Communications
- Guest relation
Front Office Functions
- Check-Out and History
- NIGHT AUDIT
- Reservations