RDM Lesson 4 /5 - Price calculation (2023)

1 / 33
next
Slide 1: Slide
rooms divison managementMBOStudiejaar 2

This lesson contains 33 slides, with interactive quizzes and text slides.

time-iconLesson duration is: 60 min

Items in this lesson

Slide 1 - Slide

This item has no instructions

Slide 2 - Slide

This item has no instructions

Slide 3 - Slide

This item has no instructions

Slide 4 - Slide

This item has no instructions

Slide 5 - Slide

This item has no instructions

Bleisure guest ...
A
are business travellers who combine their business trip with extra days off (so they are partly tourists).
B
are business travellers who spend the night in the hotel for their work but are away for work during the day.
C
are tourists who mainly spend the night in a hotel to spend the day relaxing in the vicinity of the hotel.
D
are tourists who not only spend the night in the hotel, but also spend a large part of the day there (for example all-inclusive hotels).

Slide 6 - Quiz

This item has no instructions

Sustainable entrepreneurship consists of paying attention to the 3 Ps.
What are those 3 Ps?

Slide 7 - Open question

This item has no instructions

The profit margin you can achieve on your products depends on several factors, including:
A
the goals and sub goals set.
B
the period in which the guest wants to stay.
C
the purchasing plan
D
the kind of product you are selling

Slide 8 - Quiz

This item has no instructions

Slide 9 - Slide

This item has no instructions

With supply-driven special offer:
A
The hotel approaches guests from previous years by sending them the room offer on request
B
The hotel itself composes a package deal to be sold via the website.
C
The hotel composes an offer and sends it specifically to a specific customer who has requested it
D
The hotel proactively approaches guests from previous years by sending them the room offer.

Slide 10 - Quiz

This item has no instructions

What is meant by Rate Parity?

Slide 11 - Open question

This item has no instructions

What are the specific features of an allotment contract?
A
The risk for the sale lies with the hotel, there is a release date.
B
The sales risk lies with the hotelier
C
Tour operators gets room in option
D
Unsold stock can be returned free of charge

Slide 12 - Quiz

This item has no instructions

Slide 13 - Slide

This item has no instructions

What does MICE stand for?
A
Corporate business
B
Morning meeting, incentives, lectures, evening shift.
C
Meetings, incentives, competitors, events
D
Meetings, incentives, conferences, events

Slide 14 - Quiz

This item has no instructions

Slide 15 - Slide

This item has no instructions

Slide 16 - Slide

This item has no instructions

Slide 17 - Slide

This item has no instructions

What price does the customer find most attractive?
A
One night in a hotel for € 45
B
One night in a hotel for € 41
C
One night in a hotel for € 49
D
One reduced night in a hotel from € 70 to € 59.

Slide 18 - Quiz

This item has no instructions

ROOM RATE 
Fixed Cost 
Variable Cost 
Profit Margin

Slide 19 - Slide

This item has no instructions

Slide 20 - Slide

This item has no instructions

ROOM RATE
FIXED COST | VARIABLE COST| PROFIT

SPECIAL ROOM RATES ARE BUILT AS FOLLOW:
VARIABLE COST + PROFIT (MARGIN) 

Slide 21 - Slide

This item has no instructions


Slide 22 - Open question

This item has no instructions

Slide 23 - Slide

This item has no instructions

If the occupancy rate decreases:
A
the fixed costs decrease, but variable costs remain the same.
B
the fixed costs remain the same, but variable costs decrease.
C
the fixed costs increase, but the variable costs remain the same.
D
the fixed costs remain the same, but variable costs increase.

Slide 24 - Quiz

This item has no instructions

Assignment
Responding to a corporate (sales) inquiry

You will design your own package deal for this accordingly...

Slide 25 - Slide

This item has no instructions

Slide 26 - Slide

This item has no instructions

SAMPLE

Slide 27 - Slide

page 76

Slide 28 - Slide

This item has no instructions

Slide 29 - Slide

This item has no instructions

Tip
What you need to consider while creating an advantage package deal: 

1. Calculate your fixed costs, variable costs and profit.
2. Indicate the package price of the room.
3. Indicate what else you specify and explain any discounts.
4. Indicate what your ultimate profit is
Other discount (for example, completion of quotation is deducted from profit) 



Slide 30 - Slide

This item has no instructions

Sample sales quotation
Price rounding
Psychological pricing (rounding the total price down with only 1 euro can make a huge impact. Besides that,
rounding the total price down by 124.56 instead of 123,56 will wrap up the  last digit with a 9; which even sells better than a round number of 6000 (it sounds even much cheaper).

Slide 31 - Slide

This item has no instructions

Slide 32 - Slide

This item has no instructions

Slide 33 - Slide

This item has no instructions