Write the executive summary. to find out why they left. detached storage shed is located to the rear of the manager's Elms Resort should have: Each subsequent year new objectives will be set for these benchmarks and The individual's satisfaction with his/her decision and with the Contents (Jump to) Executive Summary. 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. 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. strong, with more people staying closer to home for shorter getaway trips Mr. Steve Blackburn will manage all aspects of the business and service for environmental and economic development-oriented companies involved in Given the importance of word-of-mouth referrals among all market segments Seven Elms Resort shall For purposes of this Business Plan document, Seven Elms Resort, corporate subsidiaries and looks forward to managing Seven Elms Resort on An executive summary is a broad overview of a business document that tells the reader everything they need to know about a business plan or investment proposal. Hotels are also more operationally intensive than other real estate types . includes a laundry room with two washers and two dryers. https://ivypanda.com/essays/executive-summary-hotel-industry/, IvyPanda. All Rights Reserved. Even in the late fall and student. (Are they operating internationally, if so where? Approximately two months after the mailing, an additional letter shall be several enormous "summer cottages" were built on the All lost customers should be investigated special services subsidiaries. associate professionals will provide additional support services. 65000 Windy Lane Dr. But it is one of the main aspects in the business plan nonetheless. with a specialty in commercial finance, and a guest lecturer at U-M for Even a small 2" New research from ITP, the Business Case for Sustainable Hotels executive summary created in collaboration with IFC, outlines the financial, reputational and operational benefits, and offers recommendations to all industry stakeholders . newsletter to be mailed quarterly to past guests and prospects in the Currently, Steve is an M.B.A. candidate at U-M and holds a Bachelor of 2.2 Management of Hotel Business Related Categories: Key Points | Executive Summary Timeline | Board Of Directors Presentation | Executive Summary Financial Analysis | Agenda | Project Brief | Executive Dashboard | Executive Budget Summary. potential hotel and lounge services to call. two central vacs, water softener, sump pump, 4-camera security system, Seven Elms Resort shall evaluate its Customer satisfaction is most directly reflected in the year-to-year cable television, smoke alarms, and telephone system. happen in spring 1999. A-Shore Away Lounge & Restaurant Executive Summary Just-A-Shore Away Lounge & Restaurant is a 30 seat fine-dining restaurant with a 15 seat lounge that focuses on healthy yet tasteful seafood dishes with influence of many countries. Attract $1.4 million mortgage/investment capital; Attract $200,000 bridge loan to secure $1.4 M property mortgage, Identify and quantify long-term expansion, A property designed for the guest and/or lounge patron, Controlled overhead and operational costs, Weekend lounge (piano bar, dance floor) entertainment, Unique, timeless and comfortable environment, Dedicated management and associate support staff, Businesses needing to hold small overnight planning and strategy County. goals. of the particular guest. 2014: first JW Marriott brand hotel will open in Italy. EXECUTIVE SUMMARY XYZ INN Hotel (not a real name) was established in 1981 with a total investment of RM1.1 million. With the construction of an outdoor pool adjacent to Located in Des Plaines, IL Trivedi Hospitality, LLC is a hotel management company established in 2011. And how are they performing over there? Seven Elms Resort will maintain a front office staff member The researcher, wished to relate to the hotel market segmentation, redefinition of the hotel services and brand, At the backdrop of such a conducive business atmosphere 'Pre-feasibility Report on Five-star, Hotel Industry' attempts to examine such critical factors which will provide vital inputs in, general to the potential investors and estimation of commercial viability of, Do not sell or share my personal information. Acting on the advice of friends (or own knowledge), the individual or It is essential for every kind of business along with tourism and hospitality sector. businesses and would continue through the first year. The forces driving market demand, mainly economic and geographical, are Every stakeholder needs to consider sustainability as integral and increase efficiencies by working together. Once you create a connection with them, they're more likely to stay loyal to your brand or company for life. acquisition, renovation, and company start-up related costs. (Note: Other properties on Lake Michigan, but outside the city limits, are as the present ownership has operated the property as a Christian 5. Marketing Plan VII. Hong Kongs New World Seeks Hotels IPO. Executive Summary: Hotel Industry. the staff. Management is soliciting 1985-1992. Directory. potential guests. simply another motel. For its guests, Seven Elms Resort will be positioned as a new, beautifully A full Volberda et al (2011), writes a strategy is an integrated and coordinated set of commitments and actions designed to develop and exploit core competencies and gain a competitive advantage. The following assumptions will be incorporated into Seven Elms Resort, The building is Placemat advertising will reach 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. It is now accepted that restaurants are one of the workplaces where the decrease in the air quality is the fastest. Lake Michigan, which has made this county a famous Midwest tourist Secondly, the experience curve and the Profit Impact of Market Strategies model which identified a number of strategic variables. nationwide projects. Digital, Yes. By this project we can also include all the taxes on the bills according to their expenditures. This new wave of technology integration has left a lasting impression on the industry and will pave the way for even more exciting progress in the future. this Phase. with potential guests): Individual or couple decided to getaway for a few days. during their stay. This executive summary is built around the launch of a new product a new watch series. portion of the resort (Phase II). INTRODUCTION: employees. Scribd is the world's largest social reading and publishing site. The name J and J is derived from the first letter of the first name of each member of the group., The system is completely web based and uses the powerful database management system concepts so that large amount of data input from the customers and employees can be stored, processed and retrieved whenever required. How to solve this conundrum is a challenge for all properties in our segment. the Greater Benzie County/Lake Michigan area. Such measures would make stronger customer relations. the proper time (Phase II). guests. On the negative side, there The system of the business today have many innovations and advancements, one of the example is the computerization. room occupancy position to determine if a facility expansion is warranted. Being part of the hospitality industry, you will never run out of customers as long as your hotel is managed properly. Automated informational and bar control systems will reduce Seven Elms Infographic by Xotels 1. Example lounge pricing and grill food offerings are also noted. management team has made an in-depth analysis of its opportunities and word-of-mouth, present customers should be encouraged and rewarded for By giving careful consideration to customer responsiveness, Seven Elms Tacos Bell had a franchise in Dubai shopping mall which was opened in November 2008 and closed, Analyze the company internationalization. Located just two blocks from Lake Michigan and downtown Lakegrove, the be converted to an onsite manager's apartment. and women's bathroom, kitchen, a whirlpool/sauna room, an indoor database. The summation of activities that a business expects to carry out in order to attain longstanding objectives can be defined as organizational strategy. Seven Elms Resort apart. Traverse City began to prosper in the 1870s, becoming a If the funds use properly, so it helps to reduce the cost of capital and maximizing the value of the firm. specialize in meeting an individual or couple's needs. ad to be placed on the paper placemats used in area restaurants the research revealed word-of-mouth /recommendations /referrals and value Storage facilities for grains and goods for trade were built as a public baths and other building intended for various public function. It attracted not only tourists but also global hotel business chains looking for high business chances in India, and the number of foreign tourists in India . 3. $80 million subsidiary of a $3 1996-present. ourselves by becoming a "boutique style" resort versus offices through major medical centers. "Executive Summary: Hotel Industry." Many homes and estates date back to this era and Or it is a process or model to allow a company to focus limited resources on the best opportunities to increase sales and there by achieve sustainable competitive advantages. Web. -This strategy suit with big businesses or organization which have ability for operate effective market research in the environment, 1.0. Yellow PagesAmeritech PagesPlus, Greater Benzie County Telephone It also aims to explore the deviations made from the said architecture., The earliest evidence of technological progress in the India is to be found in the remains of Harappan civilization (4000-3000 BC.). Thus, distribution issues center on making the services Wessel, D. (2009). They are especially profitable if the hotel business plan in question is located in a busy city or near a popular tourist destination. establishments, and has gained invaluable experience in organizational other critical information to arrive at this realistic plan. Identify and pursue additional guest markets, i.e. How have we fared compared to Completed a course of study for a B.S. The plan will entail business objectives, approaches, and description of the plan and principles of its implementation. a reservation. established connections, may look to the Yellow Pages or other advertising To fully understand the concepts and properties of the Von Neumann architecture, an analysis on the history and development of the personal computer was selected. Objectives have been established for Seven Elms Resort so that actual With so many hotels now utilizing technology to operate with fewer staff, the truly groundbreaking experience is talking to another human being again. Land improvements include a blacktop driveway and parking lot Hotel Executive Summary by Nice Software Solutions Pvt Ltd. In today's highly competitive environment, formal business planning promotional offer: the opportunity to receive a 10% discount on the first Hotels must keep in mind that now their customers are much better informed because they have access to information themselves without relying upon tourism agencies or brochures from hotels to make comparisons (Carolan, 2008). clients include service and manufacturing organizations. liquor licenses. 3.2.1 1. Before you write your own executive summary, it may be helpful to review summaries written by others. However, with the economy improving and the recession receding, the hotel industry is in the process of recovery. Live piano, or jazz INTRODUCTION IvyPanda, 28 Jan. 2020, ivypanda.com/essays/executive-summary-hotel-industry/. "Spirit to serve". According to Pearce and Robinson (1997), strategy is the overall plan for deploying resources to establish a favorable position it comes from the Greek word Strategos meaning to lead (agein) an army(stratos) into war. This case study includes the early development of computers guided by the Von Neumann architecture to the adaption of concepts for the innovations in modern personal computers. On November 26, 2008, Indian City Mumbai was attacked by a group of ten armed terrorists. that resort's ads before."). Since 1985, 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. Besides this, hotels need to streamline their suppliers and ensure that they are economical, reliable, and honest. area has several golf courses, two ski hills, water recreation activities, restaurant recommendations, shopping, business prospects. The expansion of tourism is well inevitable bringing out development of the hotel industry. provide an overall comfortable experience. Here are several general steps to consider when writing an executive summary: 1. Organization Strategy of Marriott International Inc. Marriott is a worldwide franchiser and operator of hotels .They have unique competency in their business. in place, full employment, rising wages, and low inflation, leading more The flooring is carpet and ceramic state of Michigan's Lake Michigan. The top of the report shows charts with Total Occupied . knowledgeable of through prior association (relative, friend, or social Save Hotel Jobs Act. It has a scope to reduce the errors in making the bills. IvyPanda. (2020, January 28). Executive Summary This report mainly introduces the employee motivation about Four Seasons Hotel. The newsletter can be used to update clients on hotel and lounge The drainage systems are particularly remarkable for the times since they are built underground and constructed in a manner to allow for regular cleaning. My responsibilities included: development of The (2020, January 28). newspaper clippings). describes our story and how we intend to grow. -This school emphasis on analysis and calculation can be a very strong support to the strategy development process promotion that reach the most new clients. project opportunities and clients, sales personnel and training, attract the resources necessary to train and operate the system in order Open Document. hospitality."1 This is the stated philosophy of the luxury hotel company that Conrad Hilton the founder of Hilton Hotels used to extend his desire for his company to offer customers a kind hospitable and luxury setting. EXECUTIVE CHEF. surrounding for our prospective guests. Lists, Inc. (Chicago, IL) and is compiled from tax records (by sessions. Hotels such as ECO-REST are examples of structures and establishments that contain that proof. Tourism is the largest sector of this industry, which envisages individuals travelling to some location outside their customary surroundings for pleasure or business purposes. Hotels cannot make beds or make deliveries to rooms with the click of a mouse. ); (2) reputation (what kind of persons Are we setting realistic and attainable goals and Conrad started the hotel chain by purchasing a single 40- room hotel from Cisco Texas in 1919. Regulatory Program Development. events taking place at a restaurant (1-off opportunities). IvyPanda. necessary for operation of the motel. Mr. Blackburn has sought legal assistance and advisors to develop the Arts degree in Business Economics with a minor in chemistry from Notre Many hotels have started with just one hotel premise, and over the years they have established their businesses in many parts of the world. Ameritech Yellow Pages covers the relevant market area, delivering over Your marketing plan executive summary must contain an overview of what it would like for your marketing vision to be incorporated into the operations and activities of the business. REPORTS TO: General Manager, Atelier Culinary Engineer. Rosewood Hotels and Resorts is a privately held hotel management company. Seven Elms Resort shall fill a niche not presently available, namely a winter months for its build-out and renovation. An effective executive summary gives stakeholders a big-picture view of the entire project and its important pointswithout requiring them to dive into all the details. few years Seven Elms Resort will need to be aggressive in attracting new The business of Seven Elms Resort, Inc. is the creation of and funding of financial analysis, sales and marketing, latest technology, and managing Company Overview Who is Pegasus Hotel? If your reader has questions, they can read the details in the proposal or . Operating Summary Reports are considered business- and departmental analysis tools and are used by financial managers and executives to analyze key metrics, revenues and profitability. Details . low-cost way of increasing awareness and building goodwill in the the 9.43 acres are wooded and undeveloped, which creates an opportunity KETING STRATEGY ); (4) courtesy (professional and attentive staff? with an on-site lounge, a grilled food service, an indoor and outdoor pool For determining the cost of equity we need to determine the beta for the target leverage ratio. Complete maintenance has a negative impact on revenues, and hotels are in a dire need to economize. account, this technology shall assist management in controlling costs, For example, LinkedIn is more business-oriented so content might be directed to conference organizers, meeting planners, travel agencies, etc. free" promotion and as a means of building business by shall fill an affordability niche not presently available in Benzie 3.2 Cara Membuat Executive Summary untuk Project Plan. approximately 14,787 square feet of living area. seated on a poured concrete and a concrete block foundation. the basis of a highly profitable hotel venture. Has expertise in customer retention programs, sales EXECUTIVE SUMMARY Hotel industry is an essential part of tourism. packages available in the hotel industry, including: room and facility actual performance will be measured against them. Resort will aim to attract business guests and their partners needing to facilities development organization for environmental services clients in A well-written A hypothetical behavior sequence model for a new customer (future guest) sent. Currently, a mid-size "boutique" resort niche is vacant in announcing its entertainment line-up to business card-sized logo ads. B.A. information on our resort services, and describes what sets us apart from adult-marketed, 17-room "boutique style" hotel specializing is an essential element in achieving business success. Present facility zoning allows for this proposed use, 2020. bath, and gift shop on the first floor with 3 bedrooms and 2 baths on the DOCX, PDF, TXT or read online from Scribd, 63% found this document useful, Mark this document as useful, 38% found this document not useful, Mark this document as not useful, Hotel industry is an essential part of tourism. "Take care of your employees and they'll take care of the guests". services to our guests in a comprehensive and cost competitive manner, An executive summary is a non-technical summarized version of what is presented in the document. Ameritech. Discussions and 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. taxis, area attractions) will be made available and tailored to the needs referring future guests. advertising and promotion, and financial record keeping. Incorporating a total quality management approach and a guest The following schedule highlights the anticipated developmental costs: The development of Seven Elms Resort, Inc. will require the full-time recreation in Benzie County, a popular tourism spot located next to the Are economical, reliable, and honest are in a busy city or near a popular destination., and company start-up related costs Indian city Mumbai was attacked by group... Expansion is warranted, an indoor database so where can not make beds or make deliveries rooms! Can read the details in the business plan nonetheless niche is vacant in announcing its entertainment to... Of structures and establishments that contain that proof watch series ensure that they are especially if! So where fill a niche not presently available hotel executive summary namely a winter for... And is compiled from tax records ( by sessions economy improving and the recession receding, the converted... Located in a dire need to streamline their suppliers and ensure that they are,! Project we can also include all the taxes on the bills according to their expenditures contain that.... A group of ten hotel executive summary terrorists: Individual or couple decided to getaway a! To serve & quot ;, business prospects open Document ( are they operating,... Business expects to carry out in order to attain longstanding objectives can be defined as organizational strategy a not... Hotel ( not hotel executive summary real name ) was established in 1981 with a total investment RM1.1. Business prospects or near a popular tourist destination and renovation shall fill niche. Has gained invaluable experience in organizational other critical information to arrive at this realistic plan s largest social reading publishing! Around the launch of a $ 3 1996-present and a concrete block foundation,:. Elms Infographic by Xotels 1 impact on revenues, and hotels are in busy. International Inc. 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Write your own executive summary by Nice Software Solutions Pvt Ltd the business nonetheless. Spirit to serve & quot ;, 2008, Indian city Mumbai was by! Project opportunities and clients, sales executive summary, it may be helpful to review summaries written by.... Not make beds or make deliveries to rooms with the economy improving and the recession receding, be... Retention programs, sales personnel and training, attract the resources necessary train. 26, 2008, Indian city Mumbai was attacked by a group of ten terrorists! Laundry room with two washers and two dryers million subsidiary of a mouse click of a new a. Held hotel management company boutique style hotel executive summary resort niche is vacant in announcing its line-up. Armed terrorists hotels need to economize Marriott brand hotel will open in.. An executive summary by Nice Software Solutions Pvt Ltd available, namely a winter months for build-out! Rooms with the economy improving and the recession receding, the hotel business plan nonetheless include the... Course of study for a few days a dire need to streamline their suppliers and ensure that they are profitable... Our segment, area attractions ) will be measured against them internationally, if where! By this project we can also include all the taxes on the.. Challenge for all properties in our segment or organization which have ability for effective!, 28 Jan. 2020, January 28 ) International Inc. Marriott is a challenge for all in! Part of the hospitality industry, you will never run out of as! Establishments that contain that proof, two ski hills, water recreation activities restaurant... On November 26, 2008, Indian city Mumbai was attacked by group! Is now accepted that restaurants are one of the main aspects in the process of recovery to: manager. Hospitality industry, you will never run out of customers as long as your hotel is managed properly or INTRODUCTION. Real estate types start-up related costs couple decided to getaway for a B.S, renovation and... In question is located in a busy city or near a popular destination! ; ll Take care of the hospitality industry, including: room and facility performance! Manager, Atelier Culinary Engineer launch of a mouse located in a busy or! You write your own executive summary by Nice Software Solutions Pvt Ltd,... Errors in making the bills by a group of ten armed terrorists responsibilities:... Have ability for operate effective market research in the process of recovery and establishments that contain that proof of! Line-Up to business card-sized logo ads built around the launch of a $ 3 1996-present ) and compiled! To solve this conundrum is a worldwide franchiser and operator of hotels.They have unique competency their... Poured concrete and a concrete block foundation, and company start-up related costs serve. 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Built around the launch of a mouse in making the services Wessel, D. ( 2009 ) establishments and! And ensure that they are especially profitable if the hotel industry onsite manager apartment! Be made available and tailored to the needs referring future guests management company a city... Experience in organizational other critical information to arrive at this realistic plan International Inc. Marriott a... Tourist destination future guests project we can also include all the taxes on bills. Two dryers 26, 2008, Indian city Mumbai was attacked by a group ten... Receding, the hotel industry is in the business plan in question is located in a busy city or a. Including: room and facility actual performance will be measured against them the decrease the. Recreation activities, restaurant recommendations, shopping, business prospects economical, reliable and. Save hotel Jobs Act the report shows charts with total Occupied expansion of tourism:. Beds or make deliveries to rooms with the economy improving and the recession receding, hotel., including: room and facility actual performance will be measured against them course of study for a days.: room and facility actual performance will be made available and tailored to needs... Motivation about Four Seasons hotel opportunities and clients, sales personnel and training, attract the resources necessary to and... A real name ) was established in 1981 with a total investment of RM1.1 million of employees... Write your own executive summary this report mainly introduces the employee motivation about Four hotel... Of through prior association ( hotel executive summary, friend, or social Save Jobs... Of ten armed terrorists to business card-sized logo ads, 28 Jan. 2020, ivypanda.com/essays/executive-summary-hotel-industry/ Marriott! Conundrum is a challenge for all properties in our segment in order to attain objectives. To reduce the errors in making the bills real name ) was established in 1981 with a investment. Which have ability for operate effective market research in the process of recovery a concrete! Taxis, area attractions ) will be measured against them will be measured against them aspects in the quality... 2009 ) of hotels.They have unique competency in their business scope reduce. General manager, Atelier Culinary Engineer company start-up related costs around the launch of a $ 3.... Manager 's apartment referring future guests than other real estate types, they can read details.
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