Hotel Directors Meeting March 2020

The hotel occupancy, Rooms Sold and Average Room Rate shown monthly in comparison to budget and 2019, 2018 & 2017 are summarised below:

Quorn Grange Hotel HOTEL OCCUPANCY 2019

JAN FEB

Available Rooms

1,178

1,064

Occupancy 2017 Actual 2018 Actual 2019 Actual 2020 Actual 2020 Budget Rooms Sold 2017 Actual 2018 Actual 2019 Actual 2020 Actual 2020 Budget Variance

59% 62% 64% 79% 60% 75% 57% 64% 61% 75% -4% -11% 691 655 757 841 689 803 1113 1172 1230 1352 90% 87% 61.2 65.7 59.3 56.5 67.0 63.1 60.4 63.0 61.0 63.0 -1% 0%

Variance

Average Room Rate 2017 Actual

2018 Actual 2019 Actual 2020 Actual 2020 Budget

Variance

Turnover & Gross Profit

The total turnover for the hotel was £141k for the month, which was £28k lower than budget and £22k higher than the previous year with the new facilities commissioned. Occupancy 64% which was 11% lower than budget and 11% lower than 2019 but based on increased rooms. The average room rate £63.0 which was on budget and £0.1 lower than the previous year. YTD Actual Loss is £33k , which is £17k more than budget but £23k better than 2019. Gross Profit in the month was £50k , which was £25k lower than budget and £30k higher than 2019. Conferences Revenues were higher than budget but these were more than offset by lower Accommodation, F & B Sales which resulted in a slightly lower budget performance.