HFR603 Hotel Finance & Revenue

HFR603_Supplementary Assessment Page 1 of 3

SUPPLEMENTARY ASSESSMENT
Subject Code and Name HFR603 Hotel Finance & Revenue
Assessment Revenue Management Scenario Evaluation
Individual/Group Individual
Length 1,000 words
Learning Outcomes This assessment addresses the following subject learning
outcomes:
a) Generate, analyse and critically evaluate financial
information for improved business decision-making.
c) Critically evaluate the operational requirements of the
various components of revenue management.
Submission As per letter of notification
Weighting N/A
Total Marks Pass/Fail

Context:
Using the information from the data sets below, write a 1,000-word report that includes:
A. An analysis of the variance in Rooms Revenue, Occupancy, ADR and RevPAR against the forecast.
B. An evaluation of the hotel’s performance against its competitors using Occupancy, ADR and
RevPAR as points of comparison.
You do not need to offer recommendations.
HFR603_Supplementary Assessment Page 2 of 3
Sam is the General Manager at the Star Hotel and has to prepare for the yearly meeting with
the owners to discuss the hotel’s operations, status and overall performance of the business thus
far. This year, the market has been particularly difficult as it has seen a growth of supply with four
new hotels opening within the competitive radius of the Star Hotel, and a reduction of a large travel
market due to restrictions on visas in the last 6 months.
As the Revenue Analyst for the property, Sam has tasked you with writing a report on the
revenue performance of the hotel in the market this year. Your colleague has gathered the following
data sets:
Today’s date: 05 October 2021
September 2021 results:

YOU MAY ALSO READ ...  Zebra imaginarium, a retail business, had the following cash receipts
OTB Forecast Variance to Forecast
Rooms Revenue $ 1,389,535 $ 1,480,488 – 6.14 %
ADR $ 181.35 $ 180.70 + 0.36 %
Occupancy 85.13 % 91.03 % – 5.90 %
RevPAR $ 154.38 $ 164.49 – 6.15 %

STR Reports – September 2021
HFR603_Supplementary Assessment Page 3 of 3
Learning Rubric: Supplementary Assessment

Assessment Criteria Fail
(Unacceptable)
0-49%
Pass
(Functional)
50-64%
Credit
(Proficient)
65-74%
Distinction
(Advanced)
75 -84%
High Distinction
(Exceptional)
85-100%
Communication &
Academic Writing
(presentation of
information to
audience)
20%
Audience cannot follow
the line of reasoning.
Line of reasoning is often
difficult to follow.
Line of reasoning is easy
to follow.
Demonstrates cultural
sensitivity.
Engages and sustains
audience’s interest in the
topic.
Analysis (demonstration
of understanding of RM
concept)
30%
Limited synthesis and
analysis of new
knowledge.
Can analyse a limited range
of information with
guidance using classification
/ principles.
Can analyse with
guidance using given
classification / principles.
Can analyse a range of
information with minimum
guidance, can apply major
theories and compare
alternative methods /
techniques for obtaining data.
Can analyse new and/or
abstract data and situations
without guidance using a wide
range of techniques
appropriate to the topic.
Evaluation (defence of
own perspective on
positive/negative
performance of
business)
30%
Minimal to no evaluation
of RM scenario.
Limited synthesis and
evaluation of RM scenario.
Some use of RM concepts
and illustrations.
Can synthesise and
evaluate RM scenario
using RM concepts and
illustrations, though
often not related to the
topic at hand.
Can synthesise and defend
own position of the RM
scenario, using RM concepts
and illustrations, often related
to the topic at hand.
Can analyse, synthesise and
defend own position on RM
scenario, using RM concepts
and illustrations relevant to
the topic.
Application (illustration
of RM concept)
20%
Demonstrates lack of
understanding new
knowledge.
Demonstrates minimal
understanding of new
knowledge, however lacks
an attempt to illustrate it.
Demonstrates a limited
understanding of new
knowledge and attempts
to illustrate it.
Demonstrates an
understanding of new
knowledge and illustrates it.
Demonstrates a strong
understanding of new
knowledge and illustrate it
using creative and original up
to-date examples.

Assignment status: Already Solved By Our Experts

YOU MAY ALSO READ ...  COM FINAL PAPER

(USA, AUS, UK & CA Ph. D. Writers)

CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS

Order from Australian Expert Writers
Best Australian Academic Writers

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER