Hotel Feasibility Study
Hotel Feasibility Study
Hotel Feasibility Study
TABLE OF CONTENTS Chapter 1 Introduction Tourism Importance of Tourism Modern Trends in Tourism Chapter 2 Project Design Aim and Objectives Methodology Limitations Chapter 3 Information about the Place History of Kerela Land and People Climate Literature Festival and Folk arts Foods and Drinks Commerce Trivandrum Areas for Interest Chapter 4 Demand Qualification Hotel and their Facilities Chapter 5 Technical Details of the Proposed Hotel 21 14 9 9 9 10 10 10 10 11 11 12 8 8 8 4 4 4 6
Chapter 6 Recommended Marketing Mix Marketing Mix Place Product Promotion Personnel Selling Advertising Out Door Advertisement Chapter 7 Conclusion Market Feasibility Chapter 8 Financial Viability Introduction to Financial Aspects of the Proposed Project Project at a Glance Facilities Provided by the Proposed Hotel Chapter 9 Cost of Project Chapter 10 Means of Finance Chapter 11 Sales Revenue Chapter 12 Operation Expenses Chapter 13 Description Statement Profitability Statement
2
30 30 30 31 31 32 32 29
33
34 34 35
36
37
38
39
40 41
Chapter 16 Debt Service Coverage Ratio Chapter 17 Ratio Analysis Sensitivity Ratio Cost Benefit Analysis Chapter 18 Network Analysis Chapter 19 Conclusion Chapter 20 Bibliography Annexures 53 54 52 51 47 48 49 45
Chapter 1 INTRODUCTION
TOURISM
Tourism is the totality of the relationship and phenomenon arising from travel and stay strangers the stay does not imply the establishment of a residence and connected with remunerated activity.
IMPORTANCE OF TOURISM
In creating better appreciation of other peoples ways of the life and institution, tourism may create goodwill for a country. Each year many tourist travel to participate in particular events ranging from congress to corona tings; their visits also afford opportunities to improve co-operation as well as project the correct image of a country to the out side world. Politics, society, education, and culture thus often provide motivations for tourist to travel away from home, they influence tourism and tourism in turn has an influence on them. These factors also help explain participation in tourism generally as we have seen. An evaluation of the significance of tourism may be extending to such aspects as organized sport and religion. The main economic significance of tourism-that money earned in places of normal residence is spent in places visited-is common to all tourism, whether domestic orinternational. Each year vast sums are transferred from the economy from whom it is earned, to economies in receiving areas where they provide a source of income, a means of livelihood, and amenities for the resident population. The outstanding economic effect of tourism lies in the purchasing to spend at a much bigger rate than when they are at home. The flow of money generated by tourist expenditure finds its way into the overall economy of the tourist destination, as the money is turned over and re-spent. But international tourist expenditure introduces an additional aspect of economic significance, as countries, which have separate political and economic entities, have to balance their transactions with the rest of the world. International tourism, therefore, enters into the balance of payments accounts of individual countries and ease of major significance in international trade. For countries, which generate tourist traffic, it represents an import, in much the same way, as the import of merchandise. Globally tourism countries are a major item in world trade, which has shown a much faster rate of growth in recent years than trade in goods. Tourism is evaluated mainly in terms of its economic significance, but reference is made also to its role as source of other, less quantifiable, benefits and to some of the problems which tourism presents to individual destinations. When traveling away from home, tourists come in contact with places they
4
visit and with their inhabitance, and so social exchanges take place. Their presence and their social background affects the social structure and mode of life at the destination. Tourists are in turn affected by the experiences and often carry back home with them new habits and new outlook on life. Tourism has an educational significance. In the wider sense it has the altogether beneficial effect which contact between people of different races and nationalities can bring about. In a narrow sense much tourist activity takes the form of study trips and attendance at courses and conferences with specified educational aims in view. Tourism is often accompanied by cultural exchange and by cultural enrichment of those who travel as well as those at the receiving end. The cultural factors that may attract tourists to a particular destination are architecture, historical monuments and birthplaces of famous people. These are some of the places most visited by the tourists. Festivals and exhibition rely heavily to visitor traffic as their audience.
b.
CULTURAL TOURISM:
Such type of tourist satisfies the cultural curiosity of the tourist. Such tourist spots include ancient monuments, places of historical and religious importance etc.
c.
ADVENTURE/SPORTS:
This type of tourism is very particular with the youth. This type provides people to have adventure like diving, skiing, rafting etc.
d.
HEALTH
Such type of tourism takes people to places of recovery like places with curative possibilities. E.g.: Hill-Stations, hot springs, spas etc.
e.
CONVENTION/EDUCATIONAL:
Tourism such as these are meant for organizing conventions for political, cultural or academic reasons.
International:
Such type of tourism refers top traveling to other countries other than their own and with different political and economic systems. This requires documents such as visa, passports, etc , to cross the borders.
160 Crore recently and the government has also helped in their organization of visit India year 1999-2000 which boost up the industry. The government, in collaboration with Rajasthan tourism had put forward the Palace of Wheels. It is a luxury train with 14 deluxe saloons. The train covers 8 destinations in 7 days. In February 1995, the Gujarath tourism launched a similar train called Royal Orient which is centrally air-conditioned. Tourism industry in India shows a positive trend for the future and with the developments as well as those, which will occur in future, will without any doubt shoot up the industry.
OBJECTIVES:
Some of the main objectives of the study of the project are: To determine the marketing feasibility & Financial Viability of a proposed hotel in TRIVANDRUM 1. To estimate the cost of project. 2. To estimate the total expected revenue from the various departments of the proposed hotel. 3. To calculate the profitability ratios and pay back loan period of the proposed hotel. 4. Determine the profitability analysis. 5. To find the break-even point and expected return on investment.
METHODOLOGY:
The information for this project has been collected through the following procedures:
Primary Data:
Some of the primary data, which are collected for the study of this project, were collected from government officials of respected departments. The data, which was collected during the survey through investigation woith hospitality officials.
Secondary Data:
Various data were used from journals, books and various supplementary copies of news and other magazines and from the Internet has helped us in gathering information.
LIMITATIONS:
Calculation made in the project is based on assumption, approximation and subject to change. Getting exact financial figures was not possible.
CLIMATE
Being situated very close to the sea, Kochi has a moderate climate. Heavy showers are experienced during the months June, July and August due to the South-West Monsoon. The North-East Monsoon brings light rainfall during the months September, October, November and December. December to February is pretty cool. The annual rainfall is about 310 cm . In summer the temperature rises to a maximum of 35 C while in winter it is around 25 C
LITERATURE
Malayalam , the prime language of Kerala is treasures have of literature. With an envious level of literacy in India (100%) urban area of Kerala have an intellectual background. Large groups of the population possess the capacity to evaluate arts and literature with an aesthetic and objective outlook. Needless to say that there are organizations and forums to encourage and appraise artistic creation in the fields of literature, art and cinema.
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COMMERCE
Agriculture contributes most to the state's income in the primary sector. Kerala's major sources of exports are agro-based and traditional like coir and cashew as well as marine products and manpower. In spices, pepper is the single most important product, with Kerala being the largest producer and exporter of black pepper. Cardamom and ginger are also exported.
Kerala at a glance Area Districts Taluks Panchayats 38,863 Sq.Km Corporations 14 63 991 Municipalities Rivers 3 54 44
TRIVANDRUM
Trivandrum is the capital of the Indian state of Kerala and the headquarters of the Thiruvananthapuram District. It is located on the west coast of India near the extreme south of the mainland. Referred to by Mahatma Gandhi as the "Evergreen city of India", the city is characterized by its undulating terrain of low coastal hills and busy commercial alleys. With almost 745,000 inhabitants per the 2001 census, it is the largest and most populous city in Kerala; the wider urban agglomeration having a population of about one million. The city is the state capital and houses many central and state government offices, organizations and companies. Apart from being the political nerve centre of Kerala, it is also a major academic hub and is home to several educational institutions.
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ORIGIN OF NAME
Thiruvananthapuram literally means "City of Lord Anantha" in Malayalam. The name derives from the deity of the Hindu temple at the centre of the city. Anantha is the serpent Shesha on whom Padmanabhan or Vishnu reclines. The temple of Vishnu reclining on Anantha, the Sri Padmanabhaswamy temple is the most recognizable iconic landmark of the city. The city was officially referred to as Trivandrum in English until 1991, when the government decided in favour of Thiruvananthapuram. However, the city is still widely referred to as "Trivandrum".
PLACE TO WORSHIP CHRISTIAN St marys church , Palayam HINDU Padmanabha Temple, East Fort. Attukal Devi Temple, East Fort. Vinakaya Temple, East Fort. MUSLIM Juma Masjid, Palayam.
13
CHAPTER -4
DEMAND QUANTIFICATION
Demand quantification is a part of Market research and broadly includes: a) Determining the size of both current and potent b) Accessing Market trends c) Demand & sales forecasting
No. of rooms
83 194 64 58 20
Occupancy
65% 65% 60% 70% 70%
Product
5395 12610 3840 4060 1400
Total
419
27305
14
3.Muthoot Hotel
Rooms - 58 rooms Facilities Business Center, Swimming Pool, Health Club, Recreation Club, Book Shop, Beauty Parlor, Travel Counter, Conference Hall, Discotheque, Shopping Center,Restaurants.
4. Mascot Hotel
Facilities 64 rooms,24 hour room service/ Coffee shop, Satellite television ,Restaurant , Bar, Health club, Laundry , Conference hall , Doctor call, Currency exchange, Travel assistance , Car hire.
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Assuming that break-even occupancy is 60% for a three star hotel Therefore demand for the room for the proposed hotel
16
3. Demand =
= (65 60) x 419 60 = 34.91 4.Maximum Number of rooms = Demand 34.91 X 100 60 B.E.O = 58.18
Since the assumption made are not fully validated it is suggested a hotel project of 45 can be promoted in TRIVANDRUM
20
The FORT MANOR Hotel has 45 ROOMS. The Main features of the hotel are: ROOMS
20 SINGLE rooms, 20 DOUBLE rooms, 5 Deluxe suites
TARIFF
2500 3500 4000
1 multi cuisine restaurant ( THE REGENCY- 50 Pax) 1 Bar ( LAGOONA- 30 Pax) 1 Banquet Hall, Conference Hall & Board Room(420 Pax)
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Name of the hotel Star category Location Type Propose site No. Of rooms Facilities offered
HOTEL FORT MANOR 3 star Trivandrum Private ownership Pattom, Trivandrum 45 Restaurant, Accommodation Bar, Car parking etc ICICI 135
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AMENITIES
Air conditioned room
Airport transfers Audio visual equipped Baby care Banquet facilities Bar Business center Cable TV Car parking Doctor on call Fax service Fire safeguards Laundry facilities Money changer Parking Photocopy services Power back-up Restaurant Safe deposit Travel desk
MARKETING MIX:
In common parlance, marketing is the process of selling something at a shop or market place. A market is regarded as a single or an aggregated or relationship between consumers and producers who are separated by place and time and have a potential to strike an exchange of goods and services. Marketing is concerned with business and the functions, product planning, pricing, selling and advertising. When the functions mentioned above are interlocked in a planned and systematic manner to attain a given objective. They merge their identity in what is called the marketing mix in short; it just means the mixing of marketing ingredients, which are also popularly known as the four Ps viz. Adequate advertising, sales, promotion and personnel selling to create interest and design for the product among customers for the proposed hotel can be based upon the concept of the customer segment aimed at promote the market strategy. The four basic aspect of marketing are:
PLACE:
The place can define as The aggregate of forces or conditions within which buyers and sellers make decision that result in the transfer of goods can be segmented geographically into: Region or place Climate. In the geographic base, regional differences in terms of topography, climate, population and its density, from the base for market segmentation and differentiated marketing effort.
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Choosing the right location is an important and vital decision for any hospitality business. Certain factors have to be taken into account to decide the right place. Some of the factors that decided the selection of proposed hotel place are:
0 0 0
Railway station and bus stand are 5Kms respectively. Main City is just 2 km from the proposed site. Easy accessibility to town area.
PRODUCT:
A product is a bundle of utilities and accompanying services. The proposed three star hotel would be a three-floor building with the following facilities. 0 Car Parking
0
Banquet Facilities Telephone in all Rooms TV with Channels in all Rooms Central Air Conditioning system Multi- Cuisine Restaurant Bar 24 Hours Room Service
The important features of the hotel are that it will have 20Single Rooms, 20 Double rooms, 5 Suite rooms The hotel will have a Multi-cuisine restaurant with 50 covers, and a bar with 30 covers. The hotel and staff will be at their best services to their customers.
PROMOTION:
To make the product and price known and acceptable to the target customers, it is essential to communicate, persuade and motivate them. Promotion can be effected through, 0 Personal Selling
0 0 0
PERSONAL SELLING:
The hotels sales persons, who are on its customers so as to make an offer of sale, motivate them to positively respond to it and finally clinch the ideal.
ADVERTISING:
The proposed hotel prompted through advertisements, by giving complementary to the guest and also by suggesting other 3* and 4* hotels by suggesting the name of the hotel if the guest has his company here, so that it is easily accessible in the same way the proposed hotel also in return will help. Advertisement could be referred to as the use of mass communication media to influence existing or potential through newspaper, T V ads. Etc. Advertisements will have positive effects such as:
0
It will help to raise awareness about the company. To increase safer for the company. To create favorable image and confidence of company.
33
CHAPTER -8
Double Room: 3500/- Suite Room: 4000/(Rates are fixed till 3rd then to increase 10% every year) 34
35
36
37
306.60
332.15
357.70
421.57
494.64
519.68
613.69
718.09
827.91
951.73
Total Sales
686.28
810.84
945.79
1124.48
1326.37
38
Year I
Year II 245.47
Year IV 331.16
Year V 380.67
Cost of F and B (40% of F and B 207.87 sales) Electricity (5% of total sales) 44.31 Salaries and wages (annexures) Administration and management expenses (5% of total sales) Advertisement and publicity (15% of total sales) Insurance and legal charges (5% of total sales) Miscellaneous expenses (4% of total sales) Total expenses 88.27
50.54 97.09
57.28 106.80
66.22 117.48
76.31 129.23
44.31
50.54
57.28
66.22
76.31
132.94
151.62
171.86
198.67
228.95
44.31
50.54
57.28
66.22
76.31
35.45
40.43
45.83
52.97
61.05
597.46
686.23
783.56
898.94
1028.85
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Year Building
Dep (10%)
P&M
Dep (25%)
F&F
Dep (25%)
Misc
Dep (25%)
Total Depreciation
206.65
12.12 3.03
89.64
II
212.99
9.09
2.27
70.77
III
191.70
6.82
1.70
56.28
IV
172.53
17.25 89.58
5.12
1.28
45.09
155.28
15.52 67.19
3.84
0.96
36.40
40
PROFITABILITY STATEMENT
Particulars 1) Op. Profit 2.) a) Interest on L/T loan b.) Interest 3.) Depreciation on BOD
Year I
Year II
Year III
Year IV
Year V
288.82 324.61 362.23 425.54 497.52 74.90 3.63 89.64 65.54 4.18 70.77 77.50 56.17 4.78 56.28 77.50 46.81 5.52 45.09 77.50 37.45 6.36 36.40 77.50
4.) POP expenses 77.50 5.) Profit before tax A[1-(2+3+4)] 6.) Profit for tax B = A 7.) Income tax @ 50% + 10% surcharge(C+D) 8.) Profit after tax E = [B-(C+D)] 9.) Available surplus(8+3+4) 10.) L.T repayment
11.) Net cash flow (9 -10)
106.62 167.50 250.56 339.81 106.62 167.50 250.56 339.81 63.97 42.65 100.50 150.37 203.88 67.00 100.25 135.93
58.51
95.41
58.51
58.51
58.51
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CHAPTER -14
Year
Year
Year
Year
56.28 77.50
Year III
45.09 77.50
Year IV
36.40 77.50
Year V Implementation period
77.50
Year I
Fixed assets Margin for contingency POP expenses Interest LTL 74.90 Interest W/C 2.96 Repayment of L/T Dividend of shares (35% of cash flow)
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685.93 55.31 77.50 65.54 3.37 58.51 56.17 3.82 58.51 46.81 4.42 58.51 37.45 5.08 58.51
58.51
Fixed cost:Rupees in lakhs 1.) 2.) 3.) 4.) 5.) Power (40%) Salary (80%) Insurance and license Interest on LTL Administration and management expenses Total 22.91 85.44 2.00 56.17 57.28 223.80
Variable cost:Rupees in lakhs 1.) 2.) 3.) 4.) Power (60%) Salary (20%) Interest on W/C (interest on B.O.D) Expense towards telephone (10%) Total 34.36 21.36 3.82 10.00 69.54
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1. Contribution = Income - Variable Cost = 1145.79 69.54 = 1076.25 2. Break Even Point = Fixed cost Contribution = 223.80 1076.25 = 0.20 (i.e., 20%) 3. BE Turnover = Total Revenue x B.E.P Assumed occupancy = 1145.79 x 20% 70% = 327.36
44
45
DSCR = A/B = 285.19 + 320.43 + 357.45 + 420.02 + 491.16 133.41 124.05 114.68 = 2.13 + 2.58 + 3.10 + 3.90 + 5.11 = 16.83 Average DSCR = I year + II year + III year + IV year + V year = 2.13 + 2.58 + 3.10 + 3.90 + 5.11 5 = 16.83 5 = 3.36
105.32
95.96
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Average R.O.I = I year + II year + III year + IV year + V year 5 = 37.54+37.85+39.71+40.90+50.53 5 = 206.53 5 = 41.30 Pay Back Period = 100 ROI =100 41.30 =2.42
SENSITIVITY RATIO
Sensitivity change = Change in income Change in expenses
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= 1145.79 70 = 16.36
49
50
52
CHAPTER -22
BIBLIOGRAPHY
S.No. 1. 2. 3. 4. 5. 6. Titles Perspectives on Indian hotel industry Hotel Economics Hospitality Management All India Travel Companion Project Analysis Hotel Accountancy Authors Pushpinder S.Gill P.M. Mathew T. Philip Asia Publishing Companion G. Phyler T. Ryder
WEBSITES
www.answers.com www.hoteliercaterer.com
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ANNEXURES
ANNEXURE 1 Cost of land = Land required in sq. ft x Rate per sq. ft = 3500sq. ft x 300 = 41.61 lakhs
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ANNEXURE 2
COST OF BUILDING
13870 sq.ft
Rs 750/-
Cost
104.02 lakhs
55
Amount in lakhs
70 25 25 20 2 10 15 5 2 10 15 2 2 Rs 5000/Rs 800000/Rs 75000/Rs 50000/212.30
56
Total
60
RESTAURANT: (50Pax)
Item
Price
No
Total
13 55 2
100/sq.ft
400 sq.ft
61
c. BAR: (30Pax)
Item Stools Table Chair Bar counter Music system Carpets Dcor Total Price 500 1500 500 50000 50000 100/sq.ft No 10 10 30 1 1 200 sq.ft Total 5000 15000 15000 50000 50000 20000 75000 230000
62
Item B/f Trays Tea Trays 12 Salvers 9 Salvers Trolleys Racks O.T cabin Desk Miscellaneous Total
Number 15 15 10 10 5 5 1 1
Total 2250 3000 2500 2500 7500 2500 5000 6000 6000 36750
63
e. BANQUET :(
420 Pax)
Item
Price
Number
Total
Chairs Tables
500 1000
425 30
212500 30000
Carpets
100/sq.ft
1200sq.ft (1)
120000
1500
3000 50000
12 salver Fixtures
250
30
7500 100000
Total
523000
64
Item Cupboards
Total 50000
Shelves
25000
Racks
30000
Bins
10000
Fixtures
50000
Total
165000
65
g.ADMINISTRATION
Item
Total
Tables
75000
Chairs
50000
Fixtures
50000
Total
175000
66
Item Counter Stationery Pigeon hole Cupboard Safe deposit Sofa set Fixtures Luggage carrier Miscellaneous Total
Total 40000 5000 10000 10000 20000 200000 300000 100000 50000 735000
67
i. STAFF CAFETARIA
68
Item
Price
Number
Total
Table cloth
200
30
6000
Napkins
30
200
6000
Par stock(*3)
12000
Total cost
36000
69
Item
Price
Number
Total
Frills
500
30
15000
Table cloth
150
30
45000
Napkins
30
500
15000
34500
Total
103500
70
Price 250
Number 25 30 50 50 50 50
Double bed sheet 250 Blankets Blanket cover Mattress Mattress protector Bed cover (single) (double) 400 200 1000 200
200 300
25 30
5000 9000
Pillow cover Hand towel Bath towel Bath mat Pillows Par stock (*4) Total
71
Item
Price (Rs)
Number
Total
Glasses
50
800
40000
Chinaware
30
800
24000
Flatware
30
800
24000
Cutlery
30
800
24000
Miscellaneous
25000
Total
137000
72
e. BANQUETS
Item
Price(Rs)
Number
Total
Glassware
50
1000
50000
Chinaware
30
1000
30000
Flatware
30
1000
30000
Cutlery
25
1000
25000
Total
137000
73
F .STAFF CAFETARIA
Item
Total
Plates
60000
Spoons
20000
Forks
20000
Total
100000
74
Item Vacuum cleaner Cleaner mug Mops Brooms Squeezer Duster Waiters cloth Miscellaneous Total
Price 5000 20 30 25 25 5 40
Total 20000 400 900 750 750 500 20000 25000 68300
75
Rs In Lakhs 20.00
3.) Project fees 4.) Registration and establishment fees 5.) Insurance 6.) Advertisement and publicity 7.)Deposits a.) Electricity b.) Telephone c.) Water supply d.) NSC
2.50
10.00 77.50
76
S. NO
DESIGNATION
TOTAL AMOUNT
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
General manager Front office manager Lobby manager GRE Front office assistant Travel desk operator Bellboys Telephone operator Bell captain Night auditor F & B Manager Banquet manager Restaurant manager Barman Captains Senior Captain
1 20000 1 9000 1 8000 1 5000 4 5000 1 4500 4 2500 2 3000 2 3000 1 4000 1 12000 1 9000 1 9000 1 5000 2 4000 2 5000
20000 9000 8000 5000 20000 4500 10000 6000 6000 4000 12000 9000 9000 5000 8000 10000
77
17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
Stewards Executive chef Souse Chef Commis Chef de partie Steward supervisor Dish / pot washer Executive house keeper House keeping supervisor Floor supervisor Room attendant/house man Personal manager Sales & marketing manager Sales & marketing executive Accountant Chief accountant Cashier B.Sales executive Bakery chef
20 3000 1 25000 2 10000 6 4000 3 5500 1 4500 4 2000 1 12000 2 5500 3 5000 10 3000 1 8000 1 9000 1 5000 1 5000 1 10000 2 6000 2 4000 1 15000
60000 25000 20000 24000 16500 4500 8000 12000 11000 15000 30000 8000 9000 5000 5000 10000 12000 8000 15000
78
36 37 38 39 40 41 42 43 44 45 46
Desk control supervisor Linen attendants Laundry attender Flower. Assistant Carpenter Plumber Hostess R.S.OT Training manager Training assistant G.M secretary
2 4000 2 3000 2 3000 1 2500 1 2500 2 2500 2 3000 2 3000 1 8000 1 3000 1 6000
8000 6000 6000 2500 2500 5000 6000 6000 8000 3000 6000
47 48 49 50 51 52 53
Pest controller Laundry manager Personnel office asst. Drivers Doorman Apprentices Life guard
79
54 55 56 57 58 59 60 61 62
Security manager Security Supervisor Security guard Chief engineering Supervisor Technicians Purchase officer Purchase manager Stores keeper
TOTAL
135
613000
Add benefits 20% 0f 613000 = 122600 + 613000 = 735600 x12 months Total Salary = Rs 8827200
80
81
9. ROOM SALES
Room sales = Room Tariff x No: of Rooms x % Occupancy x 365 100
year
Room Tariff
No: of Rooms
% Occupancy
No. of days
Total Rs in Lakhs
2500
20
60
365
109.50
II
2500
20
65
365
153.30
III
2500
20
70
365
127.75
IV
2750
20
75
365
150.56
3025
20
80
365
176.66
82
Year
Room Tariff
No: of Rooms
I II III IV V
20 20 20 20 20
60 65 70 75 80
83
Year
Room Tariff
No: of Rooms
4000
II III
4000 4000
5 5
65 70
365 365
47.40 51.10
IV
4400
75
365
60.22
4840
80
365
70.66
84
Year
Number of days
Total Rs in lakhs
I II
8 12
285 320
365 365
8.32 14.01
III
18
355
365
23.32
IV
22
390
365
31.31
30
425
365
46.53
85
Year
No. of covers Average Number of sold/day cover charge days 30 300 365
II
35
325
365
41.51
III
40
350
365
51.10
IV
45
375
365
61.59
50
400
365
73.00
86
Year
Total Rs in Lakhs
37
300
365
40.51
II
39
325
365
46.26
III
41
350
365
52.37
IV
43
375
365
58.85
45
400
365
65.70
87
Year
No. of days
Total Rs in Lakhs
400
365
483.00
II
330
425
365
511.91
III
360
450
365
591.30
IV
390
475
365
676.16
420
500
365
766.50
88