The hospitality industry is a broad category of fields within service industry that includes lodging, event planning, theme parks, transportation, cruise line, and additional fields within the tourism industry. The hospitality industry is a multibillion-dollar industry that depends on the availability of leisure time and disposable income. A hospitality unit such as a restaurant, hotel, or an amusement park consists of multiple groups such as facility maintenance and direct operations (servers, housekeepers, porters, kitchen workers, bartenders, management, marketing, and human resources etc.).
Hospitality Operations Management
The Hospitality Management Calculator has a collection of equations used for hotel and restaurant management. The functions are in several logical groups.
This equation estimates expenses incurred by a room.
The Food Available for Sale is the beginning food inventory over the amount of purchases related to produce food.
This equation shows how to calculate the cost of beverage sold though inventory, transfers and purchases.
Using the Item Food Cost over the Selling Price, this equation computes the percentage of the item food cost.
The Average Total Contribution Margin calculator computes the total contribution margin over the entire menu.
This equation finds what rooms are suitable/ready for use at hand.