pricing of rooms

11
PRICING OF ROOMS FARM TOURISM

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Page 1: Pricing of rooms

PRICING OF ROOMS

FARM TOURISM

Page 2: Pricing of rooms

HUBBART FORMULARATE OF RETURN+OPERATING EXPENDITURE

365XNUMBER OF ROOMSXESTIMATED%OCCUPANCY

Page 3: Pricing of rooms

RATE OF RETURN(R.O.I) CALCULATE THE HOTELS DESIRED

PROFIT BY MULTIPLYING THE DESIRED RATE OF RETURN BY THE OWNER’S INVESTMENT

Page 4: Pricing of rooms

OPERATING EXPENDITURE

OPERATING EXPENDITURE CONSIST OF

VARIOUS FIXED CHARGES LIKE MANAGEMENT FEES. HUMAN RESOURCES OTHER MANAGEMENT CHARGES.

Page 5: Pricing of rooms

OPERATING EXPENDITURE

SALARY AND PAYROLL RELATED. ELECTRICITY DEPRICIATION. INTEREST. ROOM AMMENITIES

Page 6: Pricing of rooms

OPERATING EXPENDITURE

LAUNDRY TELEPHONE MARKETING PROPERTY TAX

Page 7: Pricing of rooms

OPERATING EXPENDITURE

SALARY AND PATROLL RELATED EXPENDITURE

(5X4000X12)=2,40,000. ELECTRICTIY 12X4000 = 48,000. DEPRICIATION@5%OF 30,00000. INTEREST OF 12%@ON 5,00,000 LOAN =

60,000. ROOM AMMENTIES 100X6X365 = 2,19,000.

Page 8: Pricing of rooms

OPERATING EXPENDITURE

LAUNDRY = 15,000. TELEPHONE = 5000. MARKETING = 20,000. PRORPERTY TAX = 10,000. TOTAL EXPENDITURE = 7,67,000.

Page 9: Pricing of rooms

DESIRED PROFIT

R.O.I XOWNER’S INVESTMENT 30,00,000 X 20% = 6,00,000.

Page 10: Pricing of rooms

TOTAL NUMBER OF GOODS SOLD

365 X10 X 60% = 2190. (365X NUMBERS OF ROOMSX ESTIMATED %OCCUPANCY)

Page 11: Pricing of rooms

AVERAGE ROOM RATE

RATE OF RETURN+OPERATING EXPENDITURE

365XNUMBER OF ROOMSXESTIMATED%OCCUPANCY

6,00,000+7,67,000

2190

=RS 624/-