Cuarto informe Lord Balfour - 2014 Nuevamente queremos compartir con ustedes un nuevo informe de gestión sobre la performance del hotel durante el 2014 (hasta Noviembre inclusive): Destacados: Hemos logrado concretar el acuerdo con Room Mate, tal como lo propusimos en la anterior comunicación, y a su vez, obtuvimos la financiación bancaria necesaria para la construcción de la obra en el terreno lindero que agregará 17 habitaciones, pileta y otros amenities. Ampliación del hotel: Obtuvimos cinco presupuestos de obra a partir de la licitación, de los cuales seleccionamos tres. Tras las entrevistas finales, finalmente nos decidimos por la constructora T&G, con la que estamos cerrando el contrato que nos ligará, bajo la modalidad de precio máximo garantizado. Se han mantenido buenos márgenes de rentabilidad, y a pesar de la baja de facturación comparativa los últimos meses (siendo estos meses de temporada baja), se ha estado trabajando positivamente ampliando canales de venta: aumentamos la venta de habitaciones a grupos, lo que promueve el marcado crecimiento en la tarifa promedio comparativa al año pasado. Continuamos mejorando la calidad de atención y de servicios, logrando mantener el posicionamiento alcanzado con el impulso de la apertura del hotel: Lord Balfour se encuentra posicionado como 6to hotel según tripadvisor.com, con una valoración por encima del 95% y a partir de comentarios absolutamente genuinos. Comparativamente a mismos meses del año anterior, hemos mejorado nuestra performance visiblemente, tanto a nivel facturación como en términos de eficiencia. 1 Estado de Resultados – 11 primeros meses 2 Actual Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR 21376 14164 199,78 66,26% 69,03% 132,38 % 21376 16428 201,62 76,85% 76,85% 155,0 ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 2.829.622 60.872 207.212 34.548 3.132.254 90% 2% 7% 1% 100% 3.312.202 61.605 244.508 22.790 3.641.105 91% 2% 7% 1% 100% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 849.494 57.458 211.595 4.779 1.123.326 30% 94% 102% 14% 36% 840.556 75.471 217.894 5.896 1.139.817 25% 123% 89% 26% 31% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 1.980.128 3.414 -4.383 29.769 2.008.928 70% 6% -2% 86% 64% 2.471.646 -13.866 26.614 16.894 2.501.288 75% -23% 11% 74% 69% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 267.884 82.808 217.304 174.101 87.942 93.958 64.755 988.752 9% 2,6% 7% 6% 3% 3% 2% 32% 229.858 87.245 264.111 173.903 0 72.704 111.382 939.203 6% 2% 7% 5% 0% 2% 3% 26% 1.020.176 53.163 197.295 33% 1,7% 6,3% 1.562.085 77.436 92.591 43% 2,1% 2,5% NET OPERATING INCOME 769.718 25% 1.392.058 38% INTEREST OTHER EXPENSES 264.100 0 8,4% 0% 314.032 0 8,6% 0% NET INCOME 505.618 16% 1.078.026 30% HOUSE PROFIT INSURANCE TAXES 3 Análisis: En términos generales, hemos obtenido un buen nivel de facturación, fruto de un buen nivel de ocupación teniendo en cuenta que estamos transitando el primero año de operación, aunque menor que lo presupuestado, y un buen nivel de tarifa promedio, en línea con lo previsto. Durante los últimos meses hemos logrado una mejor combinación tarifa/ocupación, a partir de una mejora en la performance de canales de venta más rentables. La menor ocupación respecto a la presupuestada se dio por dos motivos precisos: por un lado, la falta de "historia" del hotel no le permite tener aún una base de ocupación, que sin embargo la irá obteniendo, pero que en especial en los meses de temporada baja (de Junio a Octubre) no ha permitido llegar a los volúmenes de ocupación proyectados. Por el otro, existió una menor actividad en Miami beach en general respecto a la esperada, aunque manteniéndose elevada. Se mantuvo un buen nivel de tarifa promedio anual, aunque denota una estacionalidad, fruto de la caída de los precios en temporada baja por la menor demanda prevista. En cuanto a la estructura de gastos, en términos relativos, se mantuvo dentro de lo previsto, a excepción de “other expenses” (otros gastos generales), que incluye gastos por situaciones no previstas ni relacionadas directamente a la operación tales como: compra de sombrillas y sillas para el espacio de playa logrado, renovación de permisos temporarios de la operación a de la cuidad, compra de equipamiento e instalación de Cocina/Restaurante, pago de permiso relacionado al terreno lindero. En relación a otros departamentos, a partir del Resort fee (fee que se agrega a la tarifa por los servicios prestados de desayuno, gimnasio, servicio de playa) que empezamos a implementar a partir de principio de año y de manera creciente, y es por ello, se observa una reducción de perdida acumulada mes a mes en dicho departamento En el anexo podrán observar: el detalle de la operación mes a mes durante el 2014. 4 ANEXO 5 Estado de Resultados - Enero: January Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 1984 1532 221,5 77,22% 80,34% 171,04 % 1984 1480 218,23 74,60% 74,60% 162,8 339.331 6.874 4.863 5.322 356.390 95% 2% 1% 1% 100% 322.979 94% 5.550 2% 13.690 4% 2.055 1% 344.274 100% 74.009 5.515 17.270 1.290 98.084 22% 80% 355% 24% 28% 75.388 6.749 19.754 536 102.427 23% 122% 144% 26% 30% 265.322 78% 1.359 20% -12.407 -255% 4.032 76% 258.306 72% 247.591 -1.199 -6.064 1.519 241.847 77% -22% -44% 74% 70% ADMINISTRATIVE AND GENERAL 25.308 7% 20.892 6% CREDIT CARD COMMISSIONS SALES AND MARKETING 7.826 19.504 2,2% 5% 8.250 26.509 2% 8% REPAIRS AND MAINTENANCE OTHER EXPENSES 16.647 1.710 5% 0% 15.368 0 4% 0% OPERATION FEES ENERGY EXPENSE 10.692 5.483 3% 2% 6.875 10.034 2% 3% TOTAL DEDUCTIONS FROM INCOME 87.170 24% 87.928 26% 171.136 48% 153.919 45% HOUSE PROFIT 6 Estado de Resultados - Febrero: Febraury Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR 1792 1408 270,04 78,57% 80,36% 212,17 % 1792 1538 256,46 85,83% 74,60% 220,1 ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 380.215 7.135 14.663 4.092 406.105 94% 2% 4% 1% 100% 394.428 94% 5.786 1% 17.303 4% 2.128 1% 419.645 100% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 81.649 6.369 20.809 262 109.089 21% 89% 142% 6% 27% 74.990 19% 6.379 110% 19.971 115% 536 25% 101.876 24% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 298.566 766 -6.146 3.830 297.016 79% 11% -42% 94% 73% 319.438 81% -593 -10% -2.668 -15% 1.592 75% 317.769 76% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 25.018 10.244 19.024 12.851 0 12.183 5.123 84.443 6% 2,5% 5% 3% 0% 3% 1% 21% 20.290 10.058 24.864 14.782 0 8.382 10.428 88.804 5% 2% 6% 4% 0% 2% 2% 21% 212.573 52% 228.965 55% HOUSE PROFIT 7 Estado de Resultados - Marzo: March Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR 1984 1459 258,01 73,54% 75,55% 189,74 % 1984 1759 273,84 88,66% 88,66% 242,8 ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 376.435 5.904 21.456 3.977 407.772 92% 1% 5% 1% 100% 481.684 94% 6.596 1% 24.187 5% 2.404 0% 514.871 100% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 96.593 4.941 19.935 528 121.997 26% 84% 93% 13% 30% 82.450 17% 7.088 107% 22.427 93% 536 22% 112.501 22% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 279.842 963 1.521 3.449 285.775 74% 16% 7% 87% 70% 399.234 -492 1.760 1.868 402.370 83% -7% 7% 78% 78% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 26.054 12.159 6.205 18.229 0 12.686 6.258 81.591 6% 3,0% 2% 4% 0% 3% 2% 20% 20.224 12.334 24.697 15.330 0 10.287 11.926 94.798 4% 2% 5% 3% 0% 2% 2% 18% 204.184 50% 307.572 60% HOUSE PROFIT 8 Estado de Resultados - Abril: Abril Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR 1920 1392 234,93 72,50% 75,99% 170,32 % 1920 1588 211,51 82,71% 82,71% 174,9 ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 327.025 5.764 19.574 3.702 356.065 92% 2% 5% 1% 100% 335.880 91% 5.995 2% 25.805 7% 2.190 1% 369.870 100% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 85.296 4.689 21.365 237 111.587 26% 81% 109% 6% 31% 80.650 24% 6.767 113% 20.676 80% 536 24% 108.629 29% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 241.729 1.075 -1.791 3.465 244.478 74% 19% -9% 94% 69% 255.230 76% -772 -13% 5.129 20% 1.654 76% 261.241 71% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 24.670 10.921 15.544 18.606 0 10.682 3.941 84.364 7% 3,1% 4% 5% 0% 3% 1% 24% 20.259 8.863 27.986 15.347 0 7.386 10.767 90.608 5% 2% 8% 4% 0% 2% 3% 24% 160.114 45% 170.633 46% HOUSE PROFIT 9 Estado de Resultados - Mayo: May Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR 1984 1144 187,04 57,66% 60,13% 107,85 % 1984 1438 199,09 72,48% 72,48% 144,3 ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 213.970 4.624 18.152 3.346 240.092 89% 2% 8% 1% 100% 286.269 90% 5.393 2% 23.368 7% 2.003 1% 317.033 100% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 92.381 3.818 22.615 80 118.894 43% 83% 125% 2% 50% 74.636 26% 6.697 124% 19.351 83% 536 27% 101.220 32% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 121.589 806 -4.463 3.266 121.198 57% 17% -25% 98% 50% 211.633 74% -1.304 -24% 4.017 17% 1.467 73% 215.813 68% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 22.684 6.182 20.592 18.211 0 6.750 5.915 80.334 9% 2,6% 9% 8% 0% 3% 2% 33% 22.120 7.596 21.979 17.171 0 6.330 9.750 84.946 7% 2% 7% 5% 0% 2% 3% 27% HOUSE PROFIT 40.864 17% 130.867 41% 10 Estado de Resultados - Junio: Jun Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 1920 920 157,67 47,92% 50,42% 75,55 % 1920 1460 170,94 73,23% 73,23% 125,2 145.054 4.447 14.699 1.860 166.060 87% 3% 9% 1% 100% 240.348 89% 5.273 2% 22.848 8% 1.963 1% 270.432 100% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 66.728 4.841 15.020 582 87.171 46% 109% 102% 31% 52% 73.764 31% 6.505 123% 18.932 83% 536 27% 99.737 37% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 78.326 -394 -321 1.278 78.889 54% -9% -2% 69% 48% 166.584 69% -1.232 -23% 3.916 17% 1.427 73% 170.695 63% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 24.450 4.566 20.898 13.984 0 4.975 5.500 74.373 15% 2,7% 13% 8% 0% 3% 3% 45% 20.936 6.477 22.963 15.918 0 5.398 9.533 81.225 8% 2% 8% 6% 0% 2% 4% 30% 4.516 3% 89.470 33% HOUSE PROFIT 11 Estado de Resultados - Julio: jul-14 Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 1984 1203 161,32 60,64% 50,42% 97,82 jul-13 % 1984 1540 177,49 77,62% 77,62% 137,8 % 1984 749 153 37,75% 37,75% 57,8 194.064 5.219 20.305 1.766 221.354 88% 2% 9% 1% 100% 273.337 89% 5.775 2% 25.025 8% 1.594 1% 305.731 100% 71.250 6.098 16.409 0 93.757 37% 117% 81% 0% 42% 77.136 28% 6.821 118% 20.329 81% 0 0% 104.286 34% 71.744 63% 6.126 128% 1.037 270% 205 15% 79.112 26% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 122.814 -879 3.896 1.766 127.597 63% -17% 19% 100% 58% 196.201 72% -1.046 -18% 4.696 19% 1.594 100% 201.445 66% 42.850 37% -1.347 -28% -653 -170% 1.175 85% 42.025 14% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 23.687 5.087 23.934 16.800 0 6.640 6.285 82.433 11% 2,3% 11% 8% 0% 3% 3% 37% 20.255 7.338 22.048 15.940 0 6.115 10.441 82.137 7% 2% 7% 5% 0% 2% 3% 27% 21.049 2.154 18.622 18.623 0 2.423 7.510 70.381 7% 1% 6% 6% 0% 1% 2% 23% HOUSE PROFIT 45.164 20% 119.308 39% -28.356 -9% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 114.594 4.779 384 1.380 121.137 37% 2% 0% 0% 40% 12 Estado de Resultados - Agosto: ago-14 Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR 1984 1658 147,78 83,57% 50,42% 123,50 ago-13 % 1984 1480 173,24 74,60% 74,60% 129,2 % 1984 1137 140,11 57,31% 57,31% 80,3 ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 245.014 4.952 30.212 2.572 282.750 87% 2% 11% 1% 100% 256.389 5.550 24.050 2.055 288.044 89% 2% 8% 1% 100% 159.300 5.505 2.052 3.677 170.534 55% 2% 1% 1% 59% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 76.115 4.450 22.596 488 103.649 31% 90% 75% 19% 37% 75.672 6.747 19.753 536 102.708 30% 122% 82% 26% 36% 84.895 7.989 8.084 264 101.232 53% 145% 394% 7% 35% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 168.899 502 7.616 2.084 179.101 69% 10% 25% 81% 63% 180.717 -1.197 4.297 1.519 185.336 70% -22% 18% 74% 64% 74.405 -2.484 -6.032 3.413 69.302 47% -45% -294% 93% 24% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 25.026 6.212 28.165 12.812 0 8.483 5.587 86.285 9% 2,2% 10% 5% 0% 3% 2% 31% 20.262 6.900 22.007 15.391 0 5.750 10.034 80.344 7% 2% 8% 5% 0% 2% 3% 28% 17.735 3.287 13.617 16.362 0 3.415 7.597 62.013 6% 1% 5% 6% 0% 1% 3% 22% HOUSE PROFIT 92.816 33% 104.992 36% 7.289 3% 13 sep-14 Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 1920 1028 134,8 53,54% 57,03% 72,17 sep-13 % 1920 1282 162,25 66,77% 66,77% 108,3 % 1920 995 118,75 51,82% 61,20% 61,5 138.572 4.402 19.481 2.029 164.484 84% 3% 12% 1% 100% 208.011 4.808 20.833 1.808 235.460 88% 2% 9% 1% 100% 118.152 3.758 1.201 1.552 124.663 50% 2% 1% 1% 53% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 69.121 4.933 19.329 781 94.164 50% 112% 99% 38% 57% 70.207 6.354 17.743 536 94.840 34% 132% 85% 30% 40% 77.472 6.033 4.685 13 88.203 66% 161% 390% 1% 37% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 69.451 -531 152 1.248 70.320 50% -12% 1% 62% 43% 137.804 -1.546 3.090 1.272 140.620 66% -32% 15% 70% 60% 40.680 -2.275 -3.484 1.539 36.460 34% -61% -290% 99% 15% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 24.477 4.446 20.380 18.547 4.893 4.924 8.662 86.329 15% 2,7% 12% 11% 3% 3% 5% 52% 21.304 5.638 26.879 15.351 0 4.698 8.692 82.562 9% 2% 11% 7% 0% 2% 4% 35% 22.687 3.815 24.246 12.491 10.852 2.493 6.080 82.664 10% 2% 10% 5% 5% 1% 3% 35% HOUSE PROFIT INSURANCE TAXES -16.009 4.833 16.503 -10% 2,9% 10,0% 58.058 7.040 8.642 25% 3,0% 3,7% -46.204 4.833 16.503 -20% 3,9% 13,2% NET OPERATING INCOME -37.345 -23% 42.376 18% -67.540 -54% 27.585 16,8% 28.548 12,1% 28.548 22,9% -64.930 -39% 13.828 6% -96.088 -77% INTEREST NET INCOME 14 oct-14 Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 1984 1163 183,6 58,62% 62,20% 107,62 oct-13 % 1984 1436 178,14 72,38% 72,38% 128,9 % 1984 1316 136,26 66,33% 71,20% 90,4 213.525 5.217 22.390 2.848 243.980 88% 2% 9% 1% 100% 255.810 5.385 23.335 2.000 286.530 89% 2% 8% 1% 100% 179.323 5.309 1.908 2.051 188.591 63% 2% 1% 1% 66% 73.169 4.516 16.719 311 94.715 34% 87% 75% 11% 39% 80.603 8.829 19.332 536 109.300 32% 164% 83% 27% 38% 84.494 6.383 4.925 71 95.873 47% 120% 258% 3% 33% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 140.356 701 5.671 2.537 149.265 66% 13% 25% 89% 61% 175.207 -3.444 4.003 1.464 177.230 68% -64% 17% 73% 62% 94.829 -1.074 -3.017 1.980 92.718 53% -20% -158% 97% 32% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 21.566 7.074 20.773 13.831 30.351 7.318 5.334 106.247 9% 2,9% 9% 6% 12% 3% 2% 44% 22.394 6.864 21.997 16.185 0 5.720 9.736 82.896 8% 2% 8% 6% 0% 2% 3% 29% 20.555 1.977 20.207 13.481 682 3.764 7.169 67.835 7% 1% 7% 5% 0% 1% 3% 24% HOUSE PROFIT INSURANCE TAXES 43.018 4.833 16.503 18% 2,0% 6,8% 94.334 7.040 8.642 33% 2,5% 3,0% 24.883 4.833 16.503 9% 2,6% 8,8% NET OPERATING INCOME 21.682 761% 78.652 27% 3.547 2% INTEREST 24.603 10,1% 28.548 10,0% 28.548 15,1% NET INCOME -2.921 -1% 50.104 17% -25.001 -13% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES 15 nov-14 Budget % ROOMS AVAILABLE REVENUE ROOMS OCCUPIED AVERAGE DAILY RATE REVENUE OCC % TOTAL OCCUPANCY % REVPAR ROOMS BEVERAGE OTHER OPERATED DEPARTMENTS RENTALS & OTHER INCOME TOTAL REVENUES 1920 1257 203,99 65,47% 69,74% 133,55 nov-13 % 1920 1481 173,56 77,14% 77,14% 133,9 % 1920 1392 149,82 72,50% 75,31% 108,6 256.415 6.696 21.416 3.034 287.561 89% 2% 7% 1% 100% 257.044 5.554 24.066 2.056 288.720 89% 2% 8% 1% 100% 208.549 6.091 1.737 3.282 219.659 72% 2% 1% 1% 76% 63.179 8.486 19.528 192 91.385 25% 127% 91% 6% 32% 75.037 6.595 19.629 536 101.797 29% 119% 82% 26% 35% 86.093 5.622 6.155 407 98.277 41% 92% 354% 12% 34% ROOMS PROFIT BEVERAGE PROFIT OTHER OPERATED DEPTS PROFIT RENTALS & OTHER INCOME PROFIT TOTAL DEPARTMENT PROFITS 193.236 -1.790 1.888 2.842 196.176 75% -27% 9% 94% 68% 182.007 -1.041 4.437 1.520 186.923 71% -19% 18% 74% 65% 122.456 469 -4.418 2.875 121.382 59% 8% -254% 88% 42% ADMINISTRATIVE AND GENERAL CREDIT CARD COMMISSIONS SALES AND MARKETING REPAIRS AND MAINTENANCE OTHER EXPENSES OPERATION FEES ENERGY EXPENSE TOTAL DEDUCTIONS FROM INCOME 24.943 8.091 18.785 15.587 4.494 8.627 6.667 87.194 9% 2,8% 7% 5% 2% 3% 2% 30% 20.921 6.916 22.202 17.122 0 5.764 10.041 82.966 7% 2% 8% 6% 0% 2% 3% 29% 23.236 6.008 24.408 16.761 1.041 4.404 4.198 80.056 8% 2% 8% 6% 0% 2% 1% 28% 108.982 4.833 16.503 38% 1,7% 5,7% 103.957 7.040 8.642 36% 2,4% 3,0% 41.326 4.833 16.503 14% 2,2% 7,5% NET OPERATING INCOME 87.646 2889% 88.275 31% 19.990 9% INTEREST 24.603 8,6% 28.548 9,9% 28.548 13,0% NET INCOME 63.043 22% 59.727 21% -8.558 -4% ROOMS EXPENSE BEVERAGE EXPENSES OTHER OPERATED DEPTS EXPENSE RENTALS & OTHER INCOME EXPENSE TOTAL DEPARTMENT EXPENSES HOUSE PROFIT INSURANCE TAXES 16