EC Meeting Papers July 2018
QUORN GRANGE HOTEL
REVIEW OF ACCOUNTS AS AT 31 May, 2018
Accounts Review- Hotel
QUORN GRANGE HOTEL SUMMARY
May-18
YTD -May
YTD -Apr
Hotel
Hotel
Hotel
£
£
£
Net Profit/(loss)
11,309.95 (97,990.62)
(108,889)
Adjust for Expenses not budgeted: Depreciation Charge
6,230
31150
24,920
Trading Profit/(Loss)
17,540
(66,841)
(83,969) (19,338)
Budgeted Profit/(loss)
Quorn Grange Hotel HOTEL OCCUPANCY 2018
JAN FEB MAR APR MAY TOTAL (YTD)
Available Rooms
1,178
1,064
1,178
1,140
1,178
3,420
Occupancy 2017 Actual 2018 Actual 2018 Budget
59% 62% 65% 74% 70% 65% 64% 79% 73% 74% 78% 73% 61% 66% 66% 70% 72% 66%
Variance
3% 13% 7% 4% 6%
7%
Rooms Sold 2017 Actual 2018 Actual 2018 Budget
691 655 771 842 825 757 841 863 838 917 705 702 777 798 848
740 825 746
Variance
7% 20% 11% 5% 8% 11%
Average Room Rate 2017 Actual
61.2 65.7 63.8 61.9 63.9 59.3 56.5 62.7 62.3 72.0 55.0 60.0 65.0 65.0 65.0 8% -6% -4% -4% 11%
63.1 60.2 61.3 -2%
2018 Actual 2018 Budget
Variance
Hotel Turnover & Profit
Sales were £145k for May 2018. In comparison to last month sales have increase and were nearly in line with a budget of £150k.Accomoodation and Food and Beverages accounted for the increase in sales.
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