P&L Analysis Report

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California State University, Long Beach *

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272

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Economics

Date

Feb 20, 2024

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docx

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Uploaded by DeanMeerkat2914

HM 276 – Hotel & Lodging Management P&L Analysis Report Dr. Giffen Instructions (Read Carefully) For your response, please use RED as the font type color for your response under the question and maintain the document's original format, order, and organization. Failure to do so results in an automatic 10-point deduction. Upon completion, submit via Canvas. 1. Please refer to the file P&L Period 5 Hotel Giffenator, and respond to the questions below (50 points total). a. (10 pts) What are the Total Sales Year to Date (YTD) in 2021? 4,617,277 b. (10 pts) Explain the Hotel's Occupancy YTD in 2019, 2020, and 2021. What trends are occurring? Reference percentage ratios as necessary. The hotel's occupancy has been increasing annually, with rates of 60.7% in 2019, 76.6% in 2020, and 79.2% in 2021, indicating a positive trend and recovery from the impact of the COVID-19 pandemic. c. (10 pts) Using the three common hotel statistics (Occupancy, ADR, and RevPar), how is the hotel performing Year over Year? The hotel has shown robust year-over-year performance across key metrics, with consistent growth in occupancy rates, average daily rates (ADR), and revenue per available room (RevPar). Occupancy rates have steadily increased from 60.7% in 2019 to 79.2% in 2021, reflecting growing demand and utilization of hotel rooms. Concurrently, ADR has seen a consistent upward trend, rising from $92.23 in 2019 to $101 in 2021, indicating an effective pricing strategy and increased value perception. This has resulted in improved revenue generation per available room, with RevPar climbing from $56.02 in 2019 to $80 in 2021. d. (5 pts) In the 2021 Current Period, how much did the hotel spend on total Hourly Wages (All departments)? 496,413 e. (5 pts) In the 2021 current period, how much did the hotel spend on total Management Wages (all departments)? 212,760

f. (10 pts) In the 2021 current period, what is the total cost difference of hourly wages and management wages? 283,653

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