EC PAPERS NOVEMBER 2017

During 2018 we have 65 weddings in place where I am contacting and inviting all parties into the hotel to discuss the plans and extension to the hotel and to ensure that all parties are happy with the arrangements we are undertaking to avoid any disruption during weddings over the construction period. The budget for both occupancy and average room rate is showing a growth on 2017 with an occupancy increase of 6% on 2017 and the average room rate remaining the same taking into account the potential disruption and the need to discount room rates to offset the effect of the ongoing construction over the year, 2018. Food and beverage sales Sales within the bar and restaurant area are based on a figure of 65% throughout the year. Currently monitoring has shown that we are feeding over 70% of all in house guests. The reduced figure of 65% is used as this is the historical figure based on 3 years. See attached menus covering all occasions. Gross profit for food is again set at 68% with the target being achieved throughout 2017. Similarly the gross profit for beverage has achieved 67% for the year with the budget of 65% and we have increase the budget to 67% for 2018 accordingly.