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this slide is about the tariff card designing and the hotel rate designation.
Room tariff structure
Room tariff structure
Dr. Bhavya Khamesra
Room tariffs
Room tariffs
Ujjwal Kalia
a presentation to explain the term room tariff, the basis of charging tariff, factors that make the rate go up or down. Also, the importance of tariff in success of a hotel in financial terms. Revenue management introduction.
Room tariff in Hotels
Room tariff in Hotels
Institute of Hotel Management, Hajipur, Patna, Bihar.
ROOM TARIFF IS DAILY CHARGED FOR THE USAGE OF THE HOTEL ROOM AND SERVICE
ROOM TARIFF IN HOTEL
ROOM TARIFF IN HOTEL
indian chefrecipe
the two methods of fixing, or determining a suitable tariff for the rooms in the hotel.
Hubbart's Formula: Tariff fixation methods in Hotels
Hubbart's Formula: Tariff fixation methods in Hotels
Institute of Hotel Management, Hajipur, Patna, Bihar.
Types of rack rates
Types of rack rates
Dr. Sunil Kumar
The slide is designed to be used by students who are starting to learn in an educational Institute. It deals with Front Office Operations & Management.
Hotel Guest Room Tariff: Introduction
Hotel Guest Room Tariff: Introduction
Institute of Hotel Management, Hajipur, Patna, Bihar.
A short preparation to explain the various types of hotels, their special features, the needs that they fulfill, and the kind of customers/guests who would prefer each type.
Hotel and classification of hotels
Hotel and classification of hotels
Institute of Hotel Management, Hajipur, Patna, Bihar.
Recomendados
this slide is about the tariff card designing and the hotel rate designation.
Room tariff structure
Room tariff structure
Dr. Bhavya Khamesra
Room tariffs
Room tariffs
Ujjwal Kalia
a presentation to explain the term room tariff, the basis of charging tariff, factors that make the rate go up or down. Also, the importance of tariff in success of a hotel in financial terms. Revenue management introduction.
Room tariff in Hotels
Room tariff in Hotels
Institute of Hotel Management, Hajipur, Patna, Bihar.
ROOM TARIFF IS DAILY CHARGED FOR THE USAGE OF THE HOTEL ROOM AND SERVICE
ROOM TARIFF IN HOTEL
ROOM TARIFF IN HOTEL
indian chefrecipe
the two methods of fixing, or determining a suitable tariff for the rooms in the hotel.
Hubbart's Formula: Tariff fixation methods in Hotels
Hubbart's Formula: Tariff fixation methods in Hotels
Institute of Hotel Management, Hajipur, Patna, Bihar.
Types of rack rates
Types of rack rates
Dr. Sunil Kumar
The slide is designed to be used by students who are starting to learn in an educational Institute. It deals with Front Office Operations & Management.
Hotel Guest Room Tariff: Introduction
Hotel Guest Room Tariff: Introduction
Institute of Hotel Management, Hajipur, Patna, Bihar.
A short preparation to explain the various types of hotels, their special features, the needs that they fulfill, and the kind of customers/guests who would prefer each type.
Hotel and classification of hotels
Hotel and classification of hotels
Institute of Hotel Management, Hajipur, Patna, Bihar.
this topicis about the various basis of hotel classification. hotels are classified according to size, number of rooms, location, type of clientell, star category, etc
Classification of hotels
Classification of hotels
Dr. Bhavya Khamesra
Presentation suitable for students of Hotel front Office, 2nd Semester! (National Council For Hotel Management, NOIDA)
Hotel Guest Room Tariff Fixation Methods; Steps & Explanation (Revised)
Hotel Guest Room Tariff Fixation Methods; Steps & Explanation (Revised)
Institute of Hotel Management, Hajipur, Patna, Bihar.
Forecasting
Forecasting Room.pptx
Forecasting Room.pptx
BhishanPalSingh
Factors Affecting Hotel Room Tariff Establishing The End of the Day Fixed check-in/chek-out bais-24hrs,night bais Room rate Designations MEal plans Room Tariff card,broucher and its importance Room tariff fixation-cost based ,Rule of thumb vs Hubbart formula and competiton based ,market based and demand based
ROOM TARIFF IN HOTEL
ROOM TARIFF IN HOTEL
indian chefrecipe
CLASSIFICATION OF VARIOUS KINDS OF HOTELS
Classification of hotels
Classification of hotels
Bhavess
front office- 2nd semester notes- hotel management
Tariff structure final -chapter -1
Tariff structure final -chapter -1
Rita Mitra
a brief introduction to the timeshare and condominium industry.
Timeshare, Condominium & Referral Chains
Timeshare, Condominium & Referral Chains
Institute of Hotel Management, Hajipur, Patna, Bihar.
Session on Front office Operations; Reservation Form, Group Reservation ,cancelation Process, confirmation, Arrival, Reception and check in, check out Process.
Front office Operations and Reservation
Front office Operations and Reservation
Md Shaifullar Rabbi
a part of the chapter on hotel room tariff. contains details on the specifics of various elements of each plan.
Meal plans found in hotels
Meal plans found in hotels
Institute of Hotel Management, Hajipur, Patna, Bihar.
A PowerPoint presentation for the students of second semester in Hospitality Management colleges. The presentation contains lot of images and graphics for ease of understanding; and text has been minimised so as to reduce the sleeping effect, which prolonged reading has on the current generation of learners.
Reservation of hotel Rooms: Procedures (updated on April 12, 2021)
Reservation of hotel Rooms: Procedures (updated on April 12, 2021)
Institute of Hotel Management, Hajipur, Patna, Bihar.
Classification of hotels
Classification of hotels
Dr. Sunil Kumar
this slide discuss the dties and responsibilities of hotel front office staff . this also gives an idea of the hierarchy and organizational chart of hotel front office department.
Hotel Front Office Department hierarchy , functions
Hotel Front Office Department hierarchy , functions
Dr. Bhavya Khamesra
this slide explains the procedure that is followed when a guest arrives and check in a hotel.
Check in procedures
Check in procedures
Dr. Bhavya Khamesra
the presentation is all about the classification of hotels in a general way .......
Classification of hotels
Classification of hotels
Arbaaz khan
these slides describe the coordination of Front Office department with other departments of the hotel for smooth functioning of hotels
Coordination with other depts
Coordination with other depts
Dr. Bhavya Khamesra
Another PowerPoint file that has been updated after revising from the book of Michael kasavana and Richard Brooks. Many important additions will make this file useful to students during study at home. Feedback and suggestions from students and Hospitality trainers are most welcome!
Checkout & Settlement Process (updated on August 18, 2020)
Checkout & Settlement Process (updated on August 18, 2020)
Institute of Hotel Management, Hajipur, Patna, Bihar.
dealing with guest at hotels (customer services)
Guest registration process
Guest registration process
Loata Tarogi Mainawalala
Basics of hotel property management system, especially the software part, and the many modules in them.
Hotel property management system. PMS
Hotel property management system. PMS
Institute of Hotel Management, Hajipur, Patna, Bihar.
Front Office Hierarchy Sub-departments of Front Office Front Office Organizational Structure Reservations Front Desk Bell Desk Telephone Operator Business Center Concierge Travel Desk Guest Relation Retail Stores Qualities of Front Office staff
Front Office Organizational Structure
Front Office Organizational Structure
Arpendra Chauhan
Modes of Payment in Hotel Credit card :- Debit card :- Travelers cheque :- Personal cheque :- Company Accounts :- Possibilities include credit cards, direct billing (bill - to - account), cash or personal check, traveler's checks, or debit cards. During checkout, the guest confirms the method of payment. Today's business and pleasure travelers usually pay with a credit card. Payment method types Credit Cards. As a global payment solution, credit cards are the most common way for customers to pay online. ... Mobile Payments. ... Bank Transfers. ... Ewallets. ... Prepaid Cards. ... Direct Deposit. ... Cash.
Modes of payment in hotel
Modes of payment in hotel
bhavanideepika
ROOM RATES AND THEIR CATEGORIZATION
Rate categories
Rate categories
Bhavess
PPT on Tariff structure
Unit I Tariff Structure
Unit I Tariff Structure
Priya Sinha
Más contenido relacionado
La actualidad más candente
this topicis about the various basis of hotel classification. hotels are classified according to size, number of rooms, location, type of clientell, star category, etc
Classification of hotels
Classification of hotels
Dr. Bhavya Khamesra
Presentation suitable for students of Hotel front Office, 2nd Semester! (National Council For Hotel Management, NOIDA)
Hotel Guest Room Tariff Fixation Methods; Steps & Explanation (Revised)
Hotel Guest Room Tariff Fixation Methods; Steps & Explanation (Revised)
Institute of Hotel Management, Hajipur, Patna, Bihar.
Forecasting
Forecasting Room.pptx
Forecasting Room.pptx
BhishanPalSingh
Factors Affecting Hotel Room Tariff Establishing The End of the Day Fixed check-in/chek-out bais-24hrs,night bais Room rate Designations MEal plans Room Tariff card,broucher and its importance Room tariff fixation-cost based ,Rule of thumb vs Hubbart formula and competiton based ,market based and demand based
ROOM TARIFF IN HOTEL
ROOM TARIFF IN HOTEL
indian chefrecipe
CLASSIFICATION OF VARIOUS KINDS OF HOTELS
Classification of hotels
Classification of hotels
Bhavess
front office- 2nd semester notes- hotel management
Tariff structure final -chapter -1
Tariff structure final -chapter -1
Rita Mitra
a brief introduction to the timeshare and condominium industry.
Timeshare, Condominium & Referral Chains
Timeshare, Condominium & Referral Chains
Institute of Hotel Management, Hajipur, Patna, Bihar.
Session on Front office Operations; Reservation Form, Group Reservation ,cancelation Process, confirmation, Arrival, Reception and check in, check out Process.
Front office Operations and Reservation
Front office Operations and Reservation
Md Shaifullar Rabbi
a part of the chapter on hotel room tariff. contains details on the specifics of various elements of each plan.
Meal plans found in hotels
Meal plans found in hotels
Institute of Hotel Management, Hajipur, Patna, Bihar.
A PowerPoint presentation for the students of second semester in Hospitality Management colleges. The presentation contains lot of images and graphics for ease of understanding; and text has been minimised so as to reduce the sleeping effect, which prolonged reading has on the current generation of learners.
Reservation of hotel Rooms: Procedures (updated on April 12, 2021)
Reservation of hotel Rooms: Procedures (updated on April 12, 2021)
Institute of Hotel Management, Hajipur, Patna, Bihar.
Classification of hotels
Classification of hotels
Dr. Sunil Kumar
this slide discuss the dties and responsibilities of hotel front office staff . this also gives an idea of the hierarchy and organizational chart of hotel front office department.
Hotel Front Office Department hierarchy , functions
Hotel Front Office Department hierarchy , functions
Dr. Bhavya Khamesra
this slide explains the procedure that is followed when a guest arrives and check in a hotel.
Check in procedures
Check in procedures
Dr. Bhavya Khamesra
the presentation is all about the classification of hotels in a general way .......
Classification of hotels
Classification of hotels
Arbaaz khan
these slides describe the coordination of Front Office department with other departments of the hotel for smooth functioning of hotels
Coordination with other depts
Coordination with other depts
Dr. Bhavya Khamesra
Another PowerPoint file that has been updated after revising from the book of Michael kasavana and Richard Brooks. Many important additions will make this file useful to students during study at home. Feedback and suggestions from students and Hospitality trainers are most welcome!
Checkout & Settlement Process (updated on August 18, 2020)
Checkout & Settlement Process (updated on August 18, 2020)
Institute of Hotel Management, Hajipur, Patna, Bihar.
dealing with guest at hotels (customer services)
Guest registration process
Guest registration process
Loata Tarogi Mainawalala
Basics of hotel property management system, especially the software part, and the many modules in them.
Hotel property management system. PMS
Hotel property management system. PMS
Institute of Hotel Management, Hajipur, Patna, Bihar.
Front Office Hierarchy Sub-departments of Front Office Front Office Organizational Structure Reservations Front Desk Bell Desk Telephone Operator Business Center Concierge Travel Desk Guest Relation Retail Stores Qualities of Front Office staff
Front Office Organizational Structure
Front Office Organizational Structure
Arpendra Chauhan
Modes of Payment in Hotel Credit card :- Debit card :- Travelers cheque :- Personal cheque :- Company Accounts :- Possibilities include credit cards, direct billing (bill - to - account), cash or personal check, traveler's checks, or debit cards. During checkout, the guest confirms the method of payment. Today's business and pleasure travelers usually pay with a credit card. Payment method types Credit Cards. As a global payment solution, credit cards are the most common way for customers to pay online. ... Mobile Payments. ... Bank Transfers. ... Ewallets. ... Prepaid Cards. ... Direct Deposit. ... Cash.
Modes of payment in hotel
Modes of payment in hotel
bhavanideepika
La actualidad más candente
(20)
Classification of hotels
Classification of hotels
Hotel Guest Room Tariff Fixation Methods; Steps & Explanation (Revised)
Hotel Guest Room Tariff Fixation Methods; Steps & Explanation (Revised)
Forecasting Room.pptx
Forecasting Room.pptx
ROOM TARIFF IN HOTEL
ROOM TARIFF IN HOTEL
Classification of hotels
Classification of hotels
Tariff structure final -chapter -1
Tariff structure final -chapter -1
Timeshare, Condominium & Referral Chains
Timeshare, Condominium & Referral Chains
Front office Operations and Reservation
Front office Operations and Reservation
Meal plans found in hotels
Meal plans found in hotels
Reservation of hotel Rooms: Procedures (updated on April 12, 2021)
Reservation of hotel Rooms: Procedures (updated on April 12, 2021)
Classification of hotels
Classification of hotels
Hotel Front Office Department hierarchy , functions
Hotel Front Office Department hierarchy , functions
Check in procedures
Check in procedures
Classification of hotels
Classification of hotels
Coordination with other depts
Coordination with other depts
Checkout & Settlement Process (updated on August 18, 2020)
Checkout & Settlement Process (updated on August 18, 2020)
Guest registration process
Guest registration process
Hotel property management system. PMS
Hotel property management system. PMS
Front Office Organizational Structure
Front Office Organizational Structure
Modes of payment in hotel
Modes of payment in hotel
Similar a Tariff plans
ROOM RATES AND THEIR CATEGORIZATION
Rate categories
Rate categories
Bhavess
PPT on Tariff structure
Unit I Tariff Structure
Unit I Tariff Structure
Priya Sinha
15 Hotel's Revenue Mgmnt Room Rate Structure part 3 by Dino L
15 Hotel's Revenue Mgmnt Room Rate Structure part 3 by Dino Leonandri
15 Hotel's Revenue Mgmnt Room Rate Structure part 3 by Dino Leonandri
DINOLEONANDRI
type of room
Chapter 4 front office practice
Chapter 4 front office practice
UUM
FOS
3. Types of Rooms.pptx
3. Types of Rooms.pptx
PUBLIC SCHOOL
Room Rates is essential topic for front office staff for them to appropriately apply basic the type of payments required. Room Rate Designations The individual room rates within the rate structure are allocated a value based on certain characteristics The room rate designation is the term used to specify the rate threshold within the overall structure, and therefore defines what position a specific rate will take within the overall rate hierarchy The room rate designation does not specify an actual dollar value, it simply “ranks” all the rates within the rate structure Rack Rate and Corporate Rate Rack rate – the rack rate is the highest published rate a hotel can charge for a specific room. Rack rates can differ between room type, configuration, and designation Corporate rate – this designation is designed to promote the corporate market segment. Typically the corporate rate reflects a 10 to 20% discount off the rack rate. The corporate rate is widely accepted as the transient target rate for most hotels. The target rate is simply an average rate goal a hotel sets to achieve for a certain day or market segment Volume Account Rates Volume Account rates – Also called preferred rates, the volume account rate trades a further discount of the corporate rate in exchange for a guaranteed number of room nights within a specific time period. The level of this discount is contingent upon the volume. These volume accounts are usually assigned a grade based on production and hotels with predetermine the number of room nights required to achieve each grade, and assign a rate accordingly Volume Account Rates (Cont…) For example: “A” Accounts are entitled to a 20% discount off corporate rate “B” Accounts are entitled to a 15% discount off corporate rate “C” Accounts are entitled to a 10% discount off corporate rate Government Rate Government rate – Within most major cities, government agencies set predetermined rates that they will reimburse travelling employees for. This reimbursement rate is called a per diem, and for government employees, usually covers hotel, meals and other expenses. These per diems are set a year in advance and published so that all interested hotels can offer it. Seasonal Rates Seasonal rates – Resorts and other location types that see a fluctuation in demand due to the weather or the operation of a nearby attraction will vary their rates accordingly. Offering a different rate for in-season and out-season (off season) allows the hotel to alter their rate structure to compensate for this cyclical demand. A seasonal rate designation can apply to other rates as well. Weekday/Weekend Rates Weekday/Weekend rates – hotels of all location types will see fluctuating demand during certain days of the week. Traditionally, hotel location types see their weekday and weekend demand levels. Advance Purchase Rates- An advanced purchase rate offers a greater discount based on the number of days in advance it is booked. A 7, 10 or 21 day adv
Room rates.pptx
Room rates.pptx
MARYJANEBOLAO
Tariff structure
Tariff
Tariff
sudhanshu sundaram
Different prices for different guests is the foundation of the revenue management strategy in airlines, trains, cabs, cruises as well as hotels. But now we have discovered a beautiful new strategy called "Open pricing" where we keep all types of room rates open till the last moment. Learn more in this paper. Another file in the series on Revenue Management, the most important topic in Hotel front Office. Concepts are presented in simple language.
What is Differential Pricing & Open Pricing Strategy in Hotels?
What is Differential Pricing & Open Pricing Strategy in Hotels?
Institute of Hotel Management, Hajipur, Patna, Bihar.
Glencoe Marketing Series: I II. Hospitality and Tourism ! 4. The Hotel Business I ©The McGraw-Hill Hospitality and Tourism Markets Companies, 2006 Chapter 4 The Hotel Business 81 meal plan a room rate that includes meals; some choices of meal plans are: European Plan, Continental Plan, Bermuda Plan, Modified American Plan, and American Plan CONNECT What type of meal plan do you think is most popular? Why? yield management a system of maximizing revenue through adjusting room rates according to demand average daily rate (ADR) a rate based on total sales for the day divided by the total number of sold rooms occupancy percentage (OCC%) a percentage calculated daily and based on the number of rooms sold as a percentage of the total number of available rooms revenue per available room (revPAR) a rate that reflects a hotel's revenue per available room · Meals—Room rates, particularly in the United States, do not traditionally include meals. However, some all-inclusive resorts do include meals in their prices. A meal plan is a room rate that includes meals; some choices of meal plans are: · European Plan (EP): no meals included, room only. · Continental Plan (CP): continental breakfast included. Breakfast most often includes coffee/tea, rolls/toast, and jams. · Bermuda Plan (BP): full breakfast, coffee/tea, juice, toast, eggs, and sometimes breakfast meats. · Modified American Plan (MAP): full breakfast and lunch or dinner. · American Plan (AP): also called full pension/full board, includes three meals per day. YIELD MANAGEMENT The goal of any hotel is to maintain a high occupancy rate. Occupancy is based on the supply (number of rooms available) and the demand (the number of guests needing sleeping rooms). Guests want to get the best value for the dollar. Hotels balance this against their goal of achieving a high daily rate. Most properties do this through yield management. Yield management is a system of maximizing revenue through adjusting room rates according to demand. Hotels use various formulas to calculate their rates: (See Figure 4.1.) · Average Daily Rate (ADR)—The ADR is a rate based on total sales for the day divided by the total number of rooms sold. · Occupancy Percentage (OCC%)—The OCC is a percentage calculated daily. It is based on the number of rooms sold as a percentage of the total number of available rooms. · Revenue Per Available Room (RevPAR)—RevPAR is a rate that reflects a hotel's revenue per available room. Room revenue is a good indicator of a hotel's performance. · Figure 4.1 Hospitality Yield Management MAXIMIZING REVENUE Hotels keep track of various rates, including occupancy rates and revenue collected, to know what rates should be charged. What is the definition of yield management? Total Available Rooms: Rooms Sold: Revenue: ADR: revenue + rooms sold = ADR 0CC% $56,250 450 = $125 0CC%: rooms sold + total available rooms: 50 + 500 = .90 or 90% RevPAR: revenue -5- total available rooms =.
Glencoe Marketing Series I II. Hospitality and Tourism ! 4. The.docx
Glencoe Marketing Series I II. Hospitality and Tourism ! 4. The.docx
budbarber38650
Revenue management glossary Basel Sbeahat
Revenue management glossary
Revenue management glossary
Basel Sbeahat
accounting system in hotel industries
Accounts of hotel industeries
Accounts of hotel industeries
shivangi tomar
How do you design a successful rate plan for your hotel? Why are some rate plans more successful than others? We wanted to demonstrate how to build and analyze successful rate plans, with 4 examples of the most profitable rate plans hotels typically offer, along with a breakdown of why they’re valuable and how to use them.
The 4 Best Rate Plans for Hotels
The 4 Best Rate Plans for Hotels
Net Affinity
Introduction of Yield Management Elements of yield management Application of Yield Revenue Management
Yield Revenue Management
Yield Revenue Management
Gurunanak institute of hotel management
Lesson2
Lesson2
Rachel Byars
Want more revenues for your Hotel Rooms? Try the dynamic pricing strategy to price your hotel rooms for highest returns! - Pure Automate
Make Higher Revenues with Dynamic Pricing Strategy for Hotels - Pure Automate...
Make Higher Revenues with Dynamic Pricing Strategy for Hotels - Pure Automate...
Pure Automate
Functions of reservation & porters
Functions of reservation &porters
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Dr. Sunil Kumar
Hotel Terminology used regularly.
Hotel terminology.pptx
Hotel terminology.pptx
Regency Hospitality Training Institute (RHTi)
The presentation is about hospitality and healthcare services from a marketing perspective. The presentation details about the guest cycle in a hotel, the marketing mix of hotels, types of hotels across the globe. It also highlights the evolution of hospitals, facilities in a hospital, and extended services in a hospital.
UNIT 4-SM.ppt
UNIT 4-SM.ppt
Surendhranatha Reddy
HOTEL
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moushumi banerjee
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Renu K Abraham
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Tariff
Tariff
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Tariff plans
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TARIFF PLANS
USED IN HOTEL BY: SHANTIMANI SATHWARA ASST PROF.,PCTE
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