pricing of rooms
TRANSCRIPT
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PRICING OF ROOMS
FARM TOURISM
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HUBBART FORMULARATE OF RETURN+OPERATING EXPENDITURE
365XNUMBER OF ROOMSXESTIMATED%OCCUPANCY
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RATE OF RETURN(R.O.I) CALCULATE THE HOTELS DESIRED
PROFIT BY MULTIPLYING THE DESIRED RATE OF RETURN BY THE OWNER’S INVESTMENT
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OPERATING EXPENDITURE
OPERATING EXPENDITURE CONSIST OF
VARIOUS FIXED CHARGES LIKE MANAGEMENT FEES. HUMAN RESOURCES OTHER MANAGEMENT CHARGES.
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OPERATING EXPENDITURE
SALARY AND PAYROLL RELATED. ELECTRICITY DEPRICIATION. INTEREST. ROOM AMMENITIES
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OPERATING EXPENDITURE
LAUNDRY TELEPHONE MARKETING PROPERTY TAX
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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.
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OPERATING EXPENDITURE
LAUNDRY = 15,000. TELEPHONE = 5000. MARKETING = 20,000. PRORPERTY TAX = 10,000. TOTAL EXPENDITURE = 7,67,000.
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DESIRED PROFIT
R.O.I XOWNER’S INVESTMENT 30,00,000 X 20% = 6,00,000.
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TOTAL NUMBER OF GOODS SOLD
365 X10 X 60% = 2190. (365X NUMBERS OF ROOMSX ESTIMATED %OCCUPANCY)
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AVERAGE ROOM RATE
RATE OF RETURN+OPERATING EXPENDITURE
365XNUMBER OF ROOMSXESTIMATED%OCCUPANCY
6,00,000+7,67,000
2190
=RS 624/-