STHM 4398 Lecture 2: Sephora Hotel (1)

• School: Temple University
• Department: Sport, Tourism and Hospitality Management
• Course: STHM 4398
• Professor: Ok

Document Summary

For our company, we wanted to make sure that we didn"t want to spend too much. Sephora hotel & spa budget planning money considering it are just starting out. For the year one budget, we planned on spending the same amount on what we started on which was ,500 on available rooms. We wanted to make sure that we spend that much because we wanted to play it safe. With the occupancy, we wanted to spend a little more to make sure that if we did lose any money, we would still be able to be in good shape so we put ,000 on the year one budget. On our year one actual, we didn"t do too bad for the rooms that were available. We did gain with both available rooms and occupied rooms as well with the. Our hotel did gain some potential which is what we hoped for and we were busy towards the summer.