Assignment
You are considering entering the hotel industry and will therefore prepare an accounting analysis of similar Danish hotels. You have limited funds, so you have to choose from smaller hotels with max 50 rooms.
1) Describe briefly what type of hotel you want to start - what may be special about this
2) You will need to find 5 hotels (cvr.dk) and prepare an accounting analysis for these. The financial analysis should show how general earnings and development are in the industry.
Note: Accounting analysis and financial analysis is needed to collect the points.
3) In addition, you need to make your own key figures for the analysis of the hotels in order to compare the hotels. For example, be turnover per hotel room.
Note: Assumption for key figures for 5 hotels and turnover ratio is required to compare the hotels and interpret it to knowabout the financial position of the Hotel.
4) Describe the market in which the hotel will be in the market situation
5) Describe the product that the hotel will offer in relation to substitution and whether it is a homogeneous product.
6) Describe and calculate the cost of starting a hotel - the numbers are online and the rest is estimated
7) Describe and calculate the cost of running the hotel - after it has started. Numbers can be found online as well as estimated.
8) Is it a good idea to start a hotel? Justify your answer