Monday, February 24, 2020

Revenue Math Problem Example | Topics and Well Written Essays - 750 words

Revenue - Math Problem Example Even though the property has never been renovated none of the hotels in its rating category has any advantages over it and changing the decor on a regular basis can be a means of making the place continually attractive to its clients. The hotel is close to public transportation which means that its guests do not have to go very far or get lost in order to obtain transportation. Additionally, there is direct access from the street to its food and beverage facility which means that this aspect of the business will be more successful than its competitors. It is expected that the food and beverage aspect of the business will provide similar level of revenue or probably more based on recent restaurant closures and the location of the facility. The hotel expects to have an above-fair market room share which means that its occupancy levels will be above the market average. Revenue generation This property has a number of avenues at its disposal to generate revenue. They include rooms, food and beverage, parking, laundry, telephone, entertainment and room service. This information is highlighted in the appendix. With an occupancy level of 60% and an ADR of $152 the property would be able to generate revenues from rooms of $705,580. This calculation takes into account rooms sold on week days (W/D) and weekends (W/E). Information gathered indicates that during quarter 1 of the previous years more leisure was demanded on weekends than on week days and so the rates were set higher on weekends than on week days. In the case of business the rates were higher on weekdays since this is usually the time when certain types of business like banks and service operations carry out their major activities. Corporate rates were also higher on weekdays than on weekends and so the information on occupancy and market mix was useful in this regard. The projections takes into account the maximize occupancy strategy. The use of this strategy will draw guests from other properties to this on e. Additionally, guests will get value for money and will return based on the distinctive characteristics of the property that sets it apart from the competition. The food and beverage facilities on the property should benefit tremendously from its proximity to public transportation and its access from the street. It has adequate space for the advertisement of the facilities. A guest survey that was done last year indicated that advertising was of great importance to all types of customers except tour groups. This would definitely help to boost not only the room revenue but food and beverage as well. Some restaurants recently closed their doors and this property stands to benefit from the lower number of restaurants in the area and the fact that none is scheduled to be built in the short term. Additionally, a number of corporate offices are opening in the area and this property stands tall with its distinct facilities which set it apart from its competitors. The property is expected to see approximately 700 additional persons for breakfast each day and this is considered very conservative, approximately 8,000 for lunch and 6,000 for dinner. This projection is based on the foregoing information as well as information obtained from the food and beverage performance and price points. Dinner followed by lunch is expected to be the main revenue generator. In terms of beverage from the bar there should be quite a bit of persons

Saturday, February 8, 2020

The Clean Air Act Term Paper Example | Topics and Well Written Essays - 750 words

The Clean Air Act - Term Paper Example The 1990 amendment also addressed requirements for gasoline reformulation to control its evaporative emissions (Jacobson 2). This paper will discuss the emission regulations contained in the Clean Air Act and how it has helped the environment. The Act contains several emission regulations as listed in the below description. National Ambient Air Quality Standards (NAAQS) These are regulations issued by the Environmental Protection Act to set up primary and secondary NAAQS which define the standards of air quality permitted (Martineau and Novello 12). The primary standards aim at providing public health protection, which include protecting the sensitive population like the elderly, children and asthmatics. On the other hand, secondary standards provide protection to public welfare such as crop, buildings and animal damage, and poor visibility (Jacobson 4). New Source Review (NSR) Permits They govern regulations requiring new stationary sources of emissions of air pollutants to be permi tted prior to construction (Turner 36). It incorporates three types of permits, which are Nonattainment NSR, Prevention of Significant Deterioration (PSD) and Minor NSR permits. The Nonattainment NSR permits apply to new sources or modifications of sources that already exist in areas that do not meet the attainment requirements of NAAQS. The PSD permits apply to significant sources or modifications of sources in areas meeting attainment requirement and also areas unclassifiable by the NAAQS. Thirdly, Minor NSR permits apply to sources that do not require a PSD or Nonattainment permit (Martineau and Novello 12). New Source Performance Standards (NSPS) They are regulations issued by the EPA that establish air pollution standards to be met by new stationary sources (Turner 40). They encompass categories related to development of energy like gas and oil producing facilities, petroleum refineries and onshore processing plants for natural gases, coal preparation plants and bulk gasoline t erminals. The NSPS regulations have two elements, the Clean Air Interstate Rule that caps nitrogen oxides and sulfur dioxide emissions in the eastern part of the United States, and the Clean Air Mercury Rule that reduces emissions of mercury from power plants powered by coal (Martineau and Novello 14). National Emission Standards for Hazardous Air Pollutants (NESHAPs) These are regulations that govern emissions of hazardous air pollutants that are not covered under the NAAQS, and they are issued by the EPA. They contain standards for categories of sources that emit significant quantities of air pollutants (Martineau and Novello 14). The environment has benefited from the Clean Air Act in various ways. There has been a 25 percent reduction in ground level ozone, a hazardous component of smog, from 1980 to 2011 (Turner 39). Mercury emissions into the environment have also gone down by 45 percent within the past two decades. In the same period, rules enforced by law have facilitated a reduction in emissions of sulfur and nitrogen dioxide, the key pollutants that cause acid rain, by 71 percent and 46 percent respectively (Sperling and Deborah 191). The ozone layer has also seen the phasing out of production and use of chemicals contributing to its depletion. The reduction of acid rain due to a cut of emissions that cause it has led