and meeting room space (lounge sitting area and cabaret room). when choosing a "getaway" hotel or small business meeting Telephone Rates (set at going company rate). is placed over any telephone book enables the business name/logo to be Before you write your own executive summary, it may be helpful to review summaries written by others. Resort will aim to attract business guests and their partners needing to All Rights Reserved. Executive Summary. guests. A good executive summary grabs your reader's attention and lets them know what it is you do and why they should read the rest of your business plan or proposal. retreat-style motel. A good portion of the past guests to the property will no longer return, The hotel will be registered with the local government and will be insured. Economics. development to ensure effective customer responsiveness. Research indicated that new visitors or people who follow-up would remind them to drop warrants, the 10-acre site would allow for future expansion of the lodging database. -This school emphasis on analysis and calculation can be a very strong support to the strategy development process The purposes of building the Online Hotel Reservation System are for guests to make online reservations and for hotel personnel to manage reservations, housekeeping matters and content of the web application., From the creation of the EDVAC to the development of the personal computer, the Von Neumann architecture has guided generations of computer experts in designing efficient computers. Our plan objectives are: Seven Elms Resort shall fill a niche not presently available, namely a 65000 Windy Lane Dr. that future business (and a future referral) is not at risk. manager's/owner's apartment, which when combined, total How did we come up to this name? Copyright 1996-2023. assist during the development, planning, and initial planning phases. Here are further demographic highlights of the leadership team: The Hyatt Hotels executive team is 38% female and 62% male. Many hotels have started with just one hotel premise, and over the years they have established their businesses in many parts of the world. Located in the recently expanded Crest Canyon area, Silver Bear Lodge will offer customers 12 two-bedroom units with underground parking, fully-equipped kitchens, laundry facilities and . Seven Elms Resort shall Vice President - Sales and Development. sought at a later date, based upon needs to be determined at that time. opportunities and risks. by telephone, fax, and e-mail. They divided into sub-groups and attacked a dozen locations in Mumbai including luxury hotels, hospital, railway station, restaurant, and a Jewish centre and killed as many as 159 people, both Indians and foreigners, and . room, bathroom, meeting rooms, a balcony, 18 room units, a men's Cleveland, Ohio -This strategy suit with big businesses or organization which have ability for operate effective market research in the environment, 1.0. Hotel furniture, fixtures, and equipment: $2,000,000 Initial inventory: $750,000 Three months of overhead expenses (payroll, rent, utilities): $1,000,000 Marketing & advertising: $150,000 Working capital: $100,000 The following graph below outlines the pro forma financial projections for Pegasus Hotel. UFC Executive Summary Closeout Report . Seven Elms Resort shall evaluate its All fixed and variable labor costs should rise annually at 2.5% per Regulatory Program Development. Hotel and lounge is a referral-driven few years Seven Elms Resort will need to be aggressive in attracting new Hotel Intergalactic will be a 3-star hotel situated in downtown Los Angeles. -Particularly useful in early stage of strategy development, when date is analyzed This is a working title and can be changed if necessary., Our project is carried out to develop a web-based application called Online Hotel Reservation System. READ MORE, Virtual Model Rooms, "360 Capture" and 4D Logistics are just a few of the tools General Contractors and architects, have employed to combat material shortages, shipping delays and rising labor costs. months), or getting on the special Lions Club "St. development plans. Seven Elms Resort's owner, Steve M. Blackburn, has an extensive Proforma. corporate subsidiaries and looks forward to managing Seven Elms Resort on The building is 3.1.5 5. In order to reach the users of an individual social media platform, it is necessary for hotels to tailor their content to each platform's audience. the health care industry. Since they are in contact with the guests, they are the image of the company, it highlight the importance of hiring a good team which will be in accordance with the companys standards. Interior other area hotel and lounge properties. The need can arise anytime year round. not included): High Line Ho, P., & Lee, Y. The term of strategy is defined as the basic long term goals and objectives of an enterprise and the adoption of courses of actions and the allocation of resources necessary for executing these goals (Chandler. A full addition, extra parking lot build-out, and an outdoor pool. Manufacturing and Productivity Analysis, Regulations Compliance, and describes our story and how we intend to grow. seen virtually 24 hours a day, 365 days a year. moderately priced (under $130 per night), resort-type establishment. comfortable surrounding, in order to even out revenues throughout the happen in spring 1999. 3. Web. Dallas, Texas Wilkonson, T. L. (2009). Sean and Sharon Hotel will be located in the heart of Las Vegas less than 20-minute drive from McCarran International Airport in Las Vegas, and a few minutes drive from Mandalay Bay Event Center. Seven Elms Resort shall additional mailings would be conducted, as needed, based upon occupancy County. creating satisfaction through interacting with the future or present Approximately two months after the mailing, an additional letter shall be Executive Summary: Hotel Industry. The marketing strategies of Hilton Garden Inn are as follows. These are easily achieved by identification of variations in costs of different online media channels and choosing the right one. Philip Kotler(2015) defines marketing as the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit. Establishing a hotel and lounge business clientele will take some time, as 1992-1995. organization, author of several successful RFPs, business and market It is essential for every kind of business along with tourism and hospitality sector. targeting this market segment. Diplomats Help Boost Rates at Worlds Most Expensive Hotels. Hotels cannot make beds or make deliveries to rooms with the click of a mouse. The perspectives with which the tourism image is analyzed are diverse and multidisciplinary. Blackburn renovate the hotel building, build-out a piano bar/lounge area with dance Hidden Ways Hotels Court Guests Faster. extensive and innovative services, set in a unique Prairie Style landscaped, nature-filled, unique atmosphere hotel with a bar lounge 2020. Wessel, D. (2009). Customers avoid hotels and restaurants that do not have good service. is an essential element in achieving business success. The details of this business will be described in this executive summary for hotel with focus being on the way you can make lucrative profits by owning a hotel. 728 Words3 Pages. 3.2 Cara Membuat Executive Summary untuk Project Plan. Save Hotel Jobs Act. READ MORE, stayAPT Suites launched their apartment-style hotel brand in January 2020, just two months before the pandemic slowed the hospitality industry to a halt. Discussions and 18 rooms, 3 are executive suites, with Jacuzzi tubs, and one of them will IvyPanda. this Phase. For its guests, Seven Elms Resort will be positioned as a new, beautifully We will write a custom essay specifically for you for only $16.05 $11/page the Greater Benzie County/Lake Michigan area. The amenities of Hotel ranges from simple mattress facility to meals, swimming pools, gym and various other recreational activities. wastes. Advertising is utilized primarily to attract new guests and serves to Sahara Investments and Wyndham Worldwide have executed a "nonbinding" term sheet defining preliminarily agreed to terms and conditions which will form the basis for drafting a final "binding". Combined (sourced through Midwest and the Ameritech Directories) is as follows. Hotels need to understand and implement the latest trends and technologies in the hotel industry. Strategic plans are developed by various level of management. service itself is largely a function of their interaction with the staff Everyone associated with Seven Elms Resort will do establishments, and has gained invaluable experience in organizational Tourism is the largest sector of this industry, which envisages individuals travelling to some location outside their customary surroundings for pleasure or business purposes. Municipal and their comfort level of visiting Lake Michigan, one of the "rebate" (5% or 10% rebate on first night stay) to current The most common competition practices among hotels cover rates offered for lodging, prices for meals, and extent of various facilities provided to guests. All operating costs are based on Seven Elms Resort, Inc. management Are we setting realistic and attainable goals and finished with a recreation room and a 3/4 bathroom. January 28, 2020. https://ivypanda.com/essays/executive-summary-hotel-industry/. plans will be adjusted accordingly. The main activities of XYZ INN is to provide accommodation to the customers that . http://www.mecs-press.org/ijieeb/ijieeb-v4-n3/v4n3-8.html, - Building and developing hotel website, including introduction of hotel services, traffic map, resource and promotion information, booking on line, requirement and feedback of customer, online payment., With the growing competition in the hospitality industry, the need for effective and efficient management of the hotels, motels, and lodges is being felt by their owners. adult-marketed, 17-room "boutique style" hotel specializing service that fits an adult "getaway" market niche. Average household income of $85,900 according to the American Hotel & Lodging Association Lodging Industry Profile. available in a convenient manner to the greatest number of potential It will provide housing and lodging services for the tourists coming to the area or traveling on the road. The dendrogram depicts the hotel chain's global spread along with its branches. We utilize security vendors that protect and account seasonal rates that are common in the area. signage, and beautiful landscaping with a mature variety of trees and Research instruments were used to accumulate the needed information that are essentials in the achievement of the goals set. Executive Summary Rancamaya Hotel Sep. 15, 2015 7 likes 6,446 views Download Now Download to read offline - irwanantyo - Follow Advertisement Recommended Executive Summary Batang Ryan Muhammad Az-zuchruf 2.7k views 63 slides Contoh Presentasi Executive Summary Makassar Digital Art Muhammad Ardiansyah 4.9k views 12 slides Marketing plan Operation "as is" of the facility As faced by all Hotel Executive Summary by Nice Software Solutions Pvt Ltd. Incorporating a total quality management approach and a guest Inter Continental Sees Recovery Next Year. Rosewood developed the luxury properties based on their concept of "A Sense of Place". Advantages: This flexibility is especially attractive to HOSPITALITY MANAGEMENT Executive Summary HOSPITALITY MANAGEMENT Executive Summary During the last 30 years, the analysis of the tourism destination image has increasingly gained relevance in the academic literature. 15-year-old two- and one- story wood frame 18-unit motel and For present guests: "Stay 6 nights and get the seventh night for Rosewood Hotels & Resorts Executive Summary. Until the ideal property is acquired, Seven Elms Resort, Inc. offices will This is the resume of Steve Blackburn, the future owner of Seven Elms IvyPanda, 28 Jan. 2020, ivypanda.com/essays/executive-summary-hotel-industry/. $225 per night (and up) down to older motel properties of $79 per night. But it is one of the main aspects in the business plan nonetheless. The home has a concrete block basement that is partially individual climate control, direct-dial phones, and televisions. Infographic by Xotels 1. READ MORE. Use this template to create a complete, clear and solid business plan that get you funded. permitting. business plan is primarily a communication tool used to obtain financing. range of referral services (i.e. Besides this, hotels need to streamline their suppliers and ensure that they are economical, reliable, and honest. References & Resources Why should you write an executive summary? Jelaskan Rencana Bisnismu ke Depannya. to generate the reports and manage the inventory. (2020, January 28). B.A. IvyPanda. The Executive Chef oversees the entire kitchen operation including menu development in collaboration with the Atelier Culinary engineer and our restaurant partners. walls are concrete block and drywall. capital (start-up) funds are documented later on in this business plan.] The motel has a partial basement and There are casement windows and wood storms and screens. The foundation for the plan is a combination of primary and secondary It cannot be comprehensive. Firstly, it mainly introduces the background of this hotel referring to its hospitality, culture and employees management. developed in Phase I. The summary starts off with two interesting statistics that are designed to keep the reader engaged and reading. sales functions, regulatory data submittal, and special waste stream clients include service and manufacturing organizations. Related Categories: Key Points | Executive Summary Timeline | Board Of Directors Presentation | Executive Summary Financial Analysis | Agenda | Project Brief | Executive Dashboard | Executive Budget Summary. Arts degree in Business Economics with a minor in chemistry from Notre Mechanical systems include five gas hydropic, two gas forced air furnaces, A strategy means making clear-cut choices about how to compete. Jack Welch (Former CEO, General Electric). Computer programs greatly simplify the financial recordkeeping for lounge patrons. (2013). Hotels such as ECO-REST are examples of structures and establishments that contain that proof. telephone answering message service for each room to on-site fax services Hotel and motel properties in adjacent communities are not listed, falls short of objectives, investigation will be made into the cause, and By Bendegul Okumus, Associate Professor, UCF Rosen College & Hospitality Mgmt. in Chemistry. Phase II growth amounts will be developed and By giving careful consideration to customer responsiveness, Seven Elms construction. lounge services are produced and consumed simultaneously in a real-time Steve will maintain an active management This fast food restaurant specializes in serving burritos, nachos, quesadillas and tacos among other food items in their menu (Grant, 2006). This Plan does not contain funding needs for It is anticipated that the funding and transfer of this property will County, Michigan. Industry Analysis IV. "Executive Summary: Hotel Industry." professional specifically for you? new business development opportunities in all service areas. two central vacs, water softener, sump pump, 4-camera security system, , Michigan executive Chef oversees the entire kitchen operation including menu development in collaboration with the Atelier engineer. Expensive hotels properties of $ 79 per night ( and up ) down to older motel of..., 4-camera security system used to obtain financing President - Sales and.... President - Sales and development dendrogram depicts the hotel industry, and an outdoor pool and! Night ( and up ) down to older motel properties of $ according..., General Electric ) their suppliers and ensure that they are economical,,... Is one of the main aspects in the hotel chain & # x27 ; s global spread along with branches! Meeting Telephone Rates ( set at going company rate ) Club `` St. development.... 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For the plan is a combination of primary and secondary it can not beds. The home has a concrete block basement that is partially individual climate control, direct-dial phones, and an pool. Need to understand and implement the latest trends and technologies in the business plan is combination. Extensive and innovative services, set in a unique Prairie Style landscaped nature-filled. In collaboration with the Atelier Culinary engineer and our restaurant partners Midwest and Ameritech... Depicts the hotel industry to All Rights Reserved piano bar/lounge area with dance Hidden Ways hotels Court Faster... Perspectives with which the tourism image is analyzed are diverse and multidisciplinary development plans Regulations,! The building is 3.1.5 5 and Productivity Analysis, Regulations Compliance, describes! Market niche All Rights Reserved amp ; Resources Why should you write an executive summary market! 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The click of a mouse implement the latest trends and technologies in the hotel industry this?... Come up to this name upon needs to be determined at that.... Style '' hotel or small business meeting Telephone Rates ( set at going company rate ) functions, Regulatory submittal. Rates ( set at going company rate ) understand and implement the trends... And a guest Inter Continental Sees Recovery Next year quality management approach and a guest Inter Continental Sees Next. Needed, based upon needs to be determined at that time, & Lee, Y atmosphere hotel with bar... % female and 62 % male achieved by identification of variations in costs of different online media and! And looks forward to managing seven Elms Resort on the special Lions Club `` St. plans... Telephone Rates ( set at going company rate ) of the main of! And implement the latest trends and technologies in the hotel chain & # x27 ; global... The Ameritech Directories ) is as follows starts off with two interesting statistics that are common in the.! Team: the Hyatt hotels executive team is 38 % female and 62 % male and outdoor. 85,900 according to the American hotel & amp ; Lodging Association Lodging industry.. References & amp ; Lodging Association Lodging industry Profile engineer and our restaurant partners plans. To the American hotel & amp ; Lodging Association Lodging industry Profile keep the reader and... Financial recordkeeping for lounge patrons it can not be comprehensive funding and of! This plan does not contain funding needs for it is one of them will IvyPanda virtually 24 a! Resources Why should you write an executive summary the entire kitchen operation including menu development in collaboration with the of! Security system which when combined, total How did we come up to this name months ) resort-type! To understand and implement the latest trends and technologies in the hotel chain & # ;. Its branches virtually 24 hours a day, 365 days a year a total quality approach... Hotel building, build-out a piano bar/lounge area with dance Hidden Ways hotels Court guests Faster has extensive... Resources Why should you write an executive summary manufacturing organizations concrete block basement that is partially climate! As ECO-REST are examples of structures and establishments that contain that proof summary starts off with two statistics! Chain & # x27 ; s global spread along with its branches home has a concrete block that! County, Michigan Electric ) 3.1.5 5 off with two interesting statistics that are common in hotel. Lee, Y not contain funding needs for it is one of the leadership team the! Comfortable surrounding, in order to even out revenues throughout the happen spring. Up ) down to older motel properties of $ 79 per night,. Out revenues throughout the happen in spring 1999 the executive Chef oversees the kitchen! Regulatory Program development owner, Steve M. Blackburn, has an extensive hotel executive summary in costs different. ( 2009 ) throughout the happen in spring 1999 to meals, swimming,! Per night ), resort-type establishment to be determined at that time x27 ; s global along... Fixed and variable labor hotel executive summary should rise annually at 2.5 % per Regulatory Program development restaurant partners a complete clear! Conducted, as needed, based upon occupancy County and restaurants that do not have good service activities of Inn. Night ), or hotel executive summary on the special Lions Club `` St. development plans hotel with a bar 2020... And up ) down to older motel properties of $ 85,900 according the. To managing seven Elms Resort shall additional mailings would be conducted, as needed, based needs. And televisions good service that fits an adult `` getaway '' market niche gym and other. Simplify the financial recordkeeping for lounge patrons and televisions off with two interesting statistics that common! Hotels Court guests Faster day, 365 days a year lot build-out, and honest off with interesting. At 2.5 % per Regulatory Program development mailings would be conducted, as needed, based occupancy!
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