JREC Hotel Financial Report

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JREC Hotel Financial Report

Introduction

Financial analysis is very important in any business. The aim of this paper is to write
a report of financial performance and the progress of the JREC hotel. The paper seeks to
analyse the hotel’s financial performance using its financial ratios. First, the paper will
review the financial performance of the hotel over the last three years. To properly analyse
the performance, financial statements of the hotel will be used. Furthermore, the report shall
outline the financial strategies that the hotel has put in place and the effects of the strategies.

Category:

Description

Discuss the decisions and outcomes of your department
for Years 1, 2 and 3 analysing any adjustments made to the
strategy/decisions and their results (9 marks).
a) Occupancy rate
(year 1: 44.3%, year 2: 66.7%, year 3: 69%)
b) Staff turnover
(year 1: 39.7%, year 2: 44.2%, year 3: 39.1%)
c) Decision
The training level, pay level and workload will affect
the staff turnover. The off-season will increase the
training level –level 3, because employees have extra
time to receive training. On the contrary, the high
season will reduce the training level-level 2.
Pay level—all staff pay level are use band 3 (band 3 is
highest level) JREC Hotel Financial Report
Workload: Predict the occupancy rate for the next
month and calculate the number of employees needed
for extra facilities, allocate enough staff

Page: 2

d) Outcomes

According to the chart above, analyze which range the
staff turnover is in.
e) Adjustments
Analyze the data for each year and then make
adjustments
2) Provide an analysis of the financial performance of
your hotel (focus on its current position) and the
impact your department has made (8 marks).(
compare year2 and year3)
a) Current asset: Current liability

Page: 3

Current ratio for year 2: 1,259,677/1,567,460 = 0.8times
Current ratio for year 3: 3,450,504/1,994,442 = 1.73times
b) Debt %
x100

Debt ratio for year 2: (1,567,460+2,891,709)/14,581,159 x100=30.58%
Debt ratio for year 3: (1,994,442+2,409,770)/15,823,520×100%= 27.83%

c) ROCE
ROCE for year 2 = 11.3%
ROCE for the year 3 = 13.4%

3) Provide recommendations for Year 4 with a focus on
your department and also include wider issue(s)
which may have been addressed in the previous
question with regard to your hotels performance (3
marks).
(I am HR, I need to predict the occupancy rate of the
hotel to arrange the number of employees in each
position. I use the growth rate of the same month of the
previous year to forecast the occupancy rate for the next
month of the current year.)
a) forecast occupancy rate

Page: 4

b) recommendation (For example, how to reduce the staff
turnover) JREC Hotel Financial Report.

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JREC Hotel Financial Report

Introduction

Financial analysis is very important in any business.  JREC Hotel Financial Report. The aim of this paper is to write
a report of financial performance and the progress of the JREC hotel. The paper seeks to
analyse the hotel’s financial performance using its financial ratios. First, the paper will
review the financial performance of the hotel over the last three years. To properly analyse
the performance, financial statements of the hotel will be used. Furthermore, the report shall
outline the financial strategies that the hotel has put in place and the effects of the strategies……

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