Hotel M A N A G E M E N T School
University of Delhi, Bachelor of Commerce, Faculty Member
- Hotel management expert, we provide online hotel management courses, which can be found at www.ehotelmanagementschool.com.I have over 12 years of experience in hospitality management and operations. My special interest in sharing my hospitality experience and knowledge with others.edit
Restaurant can have traffic, but most of the time each business has area if improvement, either jn revenue maximisation or cost management. This paper deals with restaurant business. In this class we discussed how we design menu, how to... more
Restaurant can have traffic, but most of the time each business has area if improvement, either jn revenue maximisation or cost management.
This paper deals with restaurant business. In this class we discussed how we design menu, how to analyse revenue and how to management the costs.
This paper deals with restaurant business. In this class we discussed how we design menu, how to analyse revenue and how to management the costs.
Research Interests:
Hotel Financial statements displays hotels operating results. there are specific standard methods to read, understand and analyse these financial statements to decode hotels operating performance. hotel Management can gain deep insights... more
Hotel Financial statements displays hotels operating results. there are specific standard methods to read, understand and analyse these financial statements to decode hotels operating performance.
hotel Management can gain deep insights about hotel operations and how their operation decisions has affected hospitality profits
hotel Management can gain deep insights about hotel operations and how their operation decisions has affected hospitality profits
Research Interests: Tourism Studies, Tourism Management, Hospitality Studies, Hospitality Management, Hotel Operations, and 8 moreHospitality, Tourism and Hospitality Education, Tourism and Hotel Management, Hotel Management, Hotels, Hospitality Industry Research (Hotel), Hotel and Restaurant Management, and Tourism and Hospitality Management
Food and Beverage cost are biggest cost for any restaurant which range between 30-40% of revenue depending on style of restaurant. Food cost affects restaurant's profitability to a significant level and can be volatile due to few reasons... more
Food and Beverage cost are biggest cost for any restaurant which range between 30-40% of revenue depending on style of restaurant. Food cost affects restaurant's profitability to a significant level and can be volatile due to few reasons beyond hotels controls (such as sudden inflation or shortage of supply etc). (learn more about hospitality cost control) Basic Calculation and control preparation methods 1. Calculate the standard Food and beverage cost for each menu item based on f&b recipe. Cost calculation should be based on market price and kitchen menu ingredient. Market price for ingredients keep changing hence standard cost % need to be updated atleast every six months. 2. Set the selling price by comparing with competitor price and hotel signature dish popularity. Selling price proposal preparation done by chef, cost team and management / owner approve the selling price. Above two steps would provide budgeted / estimated overall ideal food cost % which is the very first step in cost control process. Cost % will vary based on recipe, menu style & variety. Larger menu will carry high food cost due to mis-em-place and variety making kitchen par higher.
Research Interests:
Hospitality dillemma to understand what is profit and how to maximise it