Think that you are a part of management team of hotel Marriott Downtown Toronto. You are the Marketing and sales head of the hotel. Your hotel will be reopening in 3 weeks for business after all these challenges everyone faced due to Covid 19. you have to assume that you are conducting an online meeting to address your sales team. You have to talk to them about following things 1. thank them for being ready to support the business again and coming back to work 2. discuss what plan and strategy will you apply post covid 19 to increase the room sales , means what will be your technique to exceed customer expectations on safety and hygiene if they stay in your hotel (at least 4 points ) 3. what different amenities will you be providing in your rooms (to attract the customer) 4. Motivate your employees as a good leader too . please make the video and send . be professionally dressed . there is no specific time limit you can make the video from anywhere between 90 sec - 2 mins max you can also upload the video in you tube and then send me the link . Please don't wait till last day to finish this as uploading video takes time . Please listen to the audio recording for more clarity
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Thank the team for their support and coming back to work: "Dear team, I want to express my gratitude for your dedication and commitment to supporting our business as we prepare to reopen in three weeks. Your willingness to come back to work and help us navigate Show more…
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Concur Technologies, Inc., is a large expense-management company located in Redmond, Washington. The Wall Street Journal asked Concur to examine the data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city, with an average daily hotel room rate of $198 and an average amount spent on entertainment, including group meals and tickets for shows, sports, and other events, of $172. In comparison, the U.S. averages for these two categories were $89 for the room rate and $99 for entertainment. The table in the Excel Online file below shows the average daily hotel room rate and the amount spent on entertainment for a random sample of 9 of the 25 most visited U.S. cities (The Wall Street Journal, August 18, 2011). Construct a spreadsheet to answer the following questions. City Hotel Room Rate ($) Entertainment ($) Boston 145 161 Denver 96 105 Nashville 95 102 New Orleans 106 140 Phoenix 89 99 San Diego 103 122 San Francisco 138 166 San Jose 93 138 Tampa 80 99 Develop the least squares estimated regression equation. Entertainment = ______ + _______ Room Rate (to 4 decimals) Provide an interpretation for the slope of the estimated regression equation (to 3 decimals). The slope of the estimated regression line is approximately _____ . So, for every dollar increase in the hotel room rate the amount spent on entertainment increases by $_____. The average room rate in Chicago is $128, considerably higher than the U.S. average. Predict the entertainment expense per day for Chicago (to whole number). $_____.
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Hanson Inn is a 96-room hotel located near the airport and convention center in Louisville, Kentucky. When a convention or a special event is in town, Hanson increases its normal room rates and takes reservations based on a revenue management system. The Classic Corvette Owners Association scheduled its annual convention in Louisville for the first weekend in June. Hanson Inn agreed to make at least 50% of its rooms available for convention attendees at a special convention rate in order to be listed as a recommended hotel for the convention. Although the majority of attendees at the annual meeting typically request a Friday and Saturday two-night package, some attendees may select a Friday night only or a Saturday night only reservation. Customers not attending the convention may also request a Friday and Saturday two-night package, or make a Friday night only or Saturday night only reservation. Thus, six types of reservations are possible: convention customers/two-night package; convention customers/Friday night only; convention customers/Saturday night only; regular customers/two-night package; regular customers/Friday night only; and regular customers/Saturday night only. The cost for each type of reservation is shown in the first box. The anticipated demand for each type of reservation is in the second box. Hanson Inn would like to determine how many rooms to make available for each type of reservation in order to maximize total revenue. Define the decision variables and state the objective function. Let: CT = number of convention two-night rooms CF = number of convention Friday only rooms CS = number of convention Saturday only rooms RT = number of regular two-night rooms RF = number of regular Friday only rooms RS = number of regular Saturday only rooms Maximize: CT + CF + CS + RT + RF + RS Formulate a linear programming model for this revenue management application. Maximize: CT + CF + CS + RT + RF + RS Subject to: 1) CT ≤ ???? 2) CF ≤ ???? 3) CS ≤ ???? 4) RT ≤ ???? 5) RF ≤ ???? 6) RS ≤ ???? 7) CT + CF ≤ ???? 8) CT + CS ≤ ???? 9) CT + CF + RT + RF ≤ ???? 10) CT + CS + RT + RS ≤ ???? What is the optimal allocation and the anticipated total revenue? Variable Value CT CF CS RT RF RS Total Revenue = $ Suppose that one week before the convention, the number of regular customers/Saturday night only rooms that were made available sell out. If another nonconvention customer calls and requests a Saturday only room, what is the value of accepting this additional reservation? The shadow price for constraint 10 is $ and shows an added profit of $ if this additional reservation is accepted.
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