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Holiday Club Resort has a capacity of 80 standard single rooms and 50 standard double rooms. The resort bulidng is worth 1.5 crore and other
Holiday Club Resort has a capacity of 80 standard single rooms and 50 standard double rooms. The resort bulidng is worth 1.5 crore and other furniture fixture etc have a capital investment of 40 lakhs. Average Occupancy of the resort is 100% throughout the season' and 30 % during 'off season' (i.e 4 months of the year). Depreciation is charged on building @5% and furniture & fixtures @ 20%. Expenses for the year are as follows Expenses Amount in Rupees Staff Salary 3,000,000 Laundry 500,000 LISTE Interiors 600,000 Building repairs 340,000 Lighting (per room per month assuming full capacity) 1,000 Gardening 50,000 Miscellaneous Expense 40,000 The resort charges double tariff for standard double room as compared to standard single room. The resort offers concessional tariff for all its rooms at 40% of the normal rate during the 4 off-season months. Compute the tariff for single and double room during 'season' and 'off season' months after taking into consideration 20% profit margin on the cost. (Assume 30 days in each month for your calculation) Mnimum filo rizo: 5MR maximum number of files: 1
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