Saturday, December 18, 2010

Interviews

I have been through lots of interview this year in order for me to achieve my next career goal.

Been to Maya twice, one was in 2009 after i quit Corus ( the reason i failed mostly is due to technical knowledge in Revenue/Yield), and i was there the second time this year.

Tried at Traders this year, not a fruitful one though coz it seems the FOM concern doesn`t pay much attention to matured people. They are striving more to young ones.

Travelled to far way area such as Tiara Beach Resort as well Allson Klana, none given the best impression though.

Gone to Putrajaya Marriot as well as KL Marriot, sucks as the person (HRM) and (RDM) interviewed seems less interesting.

Recently, tried at Palace of the Golden horses ( i was recruited by Recruitment agency) though, however i find it slightly interesting except the HR part. Boring.

Prior to that, i was offered a job as FOM at a 3 star property - Plaza Hotel but i chose to decline due to the salary wise, and fortunately i was offered a promotion at the same time - though not the promotion i`m looking for.

Now, i seek my chances to challenge myself to take the risk in being a FOM in a 5 star property , and the interview with the GM can be considered very fruitful. Then again, i can`t hope that much, though i`ve learnt much from the interview experience which i intend to incorporate and assess myself through it.

I`ll be using lots of tools in order for me to improvise myself from time to time.

Though he did admit, it might be risky in employing me since i do not have the necessary experiences, but that does not mean i can`t do it at all. Provided the opportunity, and the willingness to learn through experience can make myself a better person.

Whatever weakness that i have, would be used as a gauge to improve.

However, if i were still fail in getting the offer, does not mean i`ll be quitting from hunting them. At the same time, it`s time to gear up myself and no longer mr nice guy.

Sunday, May 30, 2010

Room revenue forecast

Hotels and resorts must set prices in an environment with highly perishable inventory which varies dramatically, and customers whose value may need to be carefully measured.

There are two approaches to forecasting rooms revenue available to hotel management.
One of the simplest methods of forecasting rooms revenue involves an analysis of rooms revenue from past periods. Dollar and percentage differences are noted and the amount of rooms revenue for the budget year is predicted.

The second method of forecasting rooms revenue bases the revenue projection on past
room sales and average daily rooms rates. A simple formula of multiplying rooms available by occupancy percentage by average daily rate reveals the forecasted rooms revenue. Occupancy percentage being the proportion of rooms sold to rooms available during a designated time period, average daily rate is derived by dividing net rooms revenue by the number of rooms sold and the number of available rooms is calculated by multiplying the number of rooms in the hotel by the number of days in the year the hotel is operating.

Various automation tools exist to assist in forecasting rooms revenue. It is key that the automation system should:
. Assist in determining overbooking at roomtype level for optimal use of valuable inventory
. Stay pattern controls to enforce checkouts occur as anticipated to help maximize revenues on peak periods
. Shoulder date management that targets revenue potential on either side of peak periods.
. Measure and evaluate the value of prospective group business relative to other uses of the inventory
. Enable management of special events according to their revenue potential; and determine guests’ value to one’s business.