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Hospitality

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.).

Usage rate, or its inverse "vacancy rate", is an important variable for the hospitality industry. Just as a factory owner would wish a productive asset to be in use as much as possible (as opposed to having to pay fixed costs while the factory is not producing), so do restaurants, hotels, and theme parks seek to maximize the number of customers they "process" in all sectors. This led to formation of services with the aim to increase usage rate provided by hotel consolidators. Information about required or offered products are brokered on business networks used by vendors as well as purchasers.

[The desciption above is from wikipedia.org/wiki/Hospitality_industry]

Parent Categories:

Subcategories

Hospitality Calculators

Hospitality Equations

  • Average Cost per Room by cataustria
  • Average Daily Rate (ADR) by cataustria
  • Average Sales per Guest Forecast by cataustria
  • Big Recipe Amounts by KurtHeckman
  • Break-Even Point in Guests Served by cataustria
  • Contribution Margin per Guest (CM/guest) by cataustria
  • Contribution Margin Percent (CM%) by cataustria
  • Cost of Food Consumed by cataustria
  • Estimated Room Expenses by cataustria
  • Food Cost % for a Restaurant by cataustria
  • Food Selling Price by cataustria
  • Free Cash Flow by cataustria
  • GOP-PAR by cataustria
  • Guest Count Forecast by cataustria
  • Guest Count Forecast v2 by cataustria
  • Hotel’s Required ADR by cataustria
  • Hotel's Target Net Income by cataustria
  • How Many Bottles Of Beer by AdamS
  • How Many Bottles Of Wine by AdamS
  • How Much Pizza To Order by AdamS
  • Net Income for Hotels by cataustria
  • Number of Rooms to be Sold in the Year by cataustria
  • Occupancy Forecast % by cataustria
  • Operated Department Income (Rooms) by cataustria
  • Operated Department Income for Rooms by cataustria
  • Revenue per Available Customer (RevPAC) by cataustria
  • Revenue Per Available Room (RevPAR) by cataustria
  • Revenue Per Available Room (RevPAR) v2 by cataustria
  • Rooms Sold or Reserved by cataustria
  • Sales per Guest Forecast by cataustria
  • Server-to-Self-Serve Gests Ratio by cataustria
  • Server-to-Served Guests Ratio by cataustria
  • Tea Estimate by MichaelBartmess
  • Total Forecast Sold or Reserved after Adjustments by cataustria
  • Total Mixed Cost v2 by cataustria
  • Total Revenue by cataustria
  • Variable Cost per Guest (VC/Guest) by cataustria
  • Variable Cost per Guest (VC/Guest) v2 by cataustria
  • Volume of a Turkey by KurtHeckman
  • White Rice-to-Water Cooking Ratio by cataustria

Hospitality Constants