Optimizing revenue in the hospitality industry

MARGIN PERFORMANCE-25 points Visible Thinking Routine I used to think, Now I think... Margin Performance-GOP Flow Thru 1. Complete the Margin Performance % spreadsheet. 2. Reflect on how and why your thinking has changed about financial performance and leadership acumen? (create 3 sentences) As a hotel executive I used to think it (margin performance) was important to......... Now I think........ Sample Hotel P&L Revenue Revenue % 9,510,337 Rooms Department Food Department Beverage Department 2,532,817 333,017 Other Revenues 1,635,772 TOTAL HOTEL REVENUE 14,011,943 2,337,413 2,028,887 185,888 Expenses Rooms Department Food Department Beverage Department Other Expenses TOTAL DEPARTMENTAL EXPENSES Other Expenses 290,752 4,842,940 Sales & Promotions 1,002,776 1,142,896 1,079,996 Heat/Light/Power General & Administrative TOTAL OTHER OPERATING EXPENSE HOTEL GROSS OPERATING PROFIT 3,225,668 5,943,336 MARGIN PERFORMANCE-25 points Visible Thinking Routine I used to think, Now I think... Margin Performance-GOP Flow Thru 1. Complete the Margin Performance % spreadsheet. 2. Reflect on how and why your thinking has changed about financial performance and leadership acumen? (create 3 sentences) As a hotel executive I used to think it (margin performance) was important to......... Now I think........ Sample Hotel P&L Revenue Revenue % 9,510,337 Rooms Department Food Department Beverage Department 2,532,817 333,017 Other Revenues 1,635,772 TOTAL HOTEL REVENUE 14,011,943 2,337,413 2,028,887 185,888 Expenses Rooms Department Food Department Beverage Department Other Expenses TOTAL DEPARTMENTAL EXPENSES Other Expenses 290,752 4,842,940 Sales & Promotions 1,002,776 1,142,896 1,079,996 Heat/Light/Power General & Administrative TOTAL OTHER OPERATING EXPENSE HOTEL GROSS OPERATING PROFIT 3,225,668 5,943,336