Revenue Structure of Nikko Hanoi Hotel in 2011-2013

About 9%, business and commercial guests staying at Nikko Hanoi Hotel accounted for 89% and trips for other purposes were 2%.

Through the table of data on the hotel's guest sources and the hotel's guest classification, it can be seen that the hotel's target market is Japanese guests, the proportion of Japanese guests over the years has always accounted for a large number of guests coming to the hotel. And guests coming to the Nikko Hanoi Hotel Hanoi are mainly business and commercial guests. That is a good factor for the hotel to avoid the seasonality in business, the main source of guests is from companies and corporations with offices in Hanoi, and this source of guests is not affected by seasonality, it occurs according to work needs.

2.2.1.4. Hotel business performance

The Nikko Hanoi Hotel was completed and put into operation right at the time of the regional financial crisis, foreign investment suddenly decreased, causing a major impact on the number of international visitors to Vietnam. Moreover, at the same time in Vietnam, a series of other high-end hotels were also put into operation, which led to an imbalance between supply and demand.

However, with the investment in modern technical facilities, along with the hotel management experience of the leading Japanese hotel management company and a team of highly qualified and experienced workers, the hotel tries to exploit all potential capabilities. Currently, the hotel's business activities are still maintained and regularly operate effectively.

Hotel business activities in which room service business is the main activity. The business activities of the room department are evaluated according to the room usage capacity. The room usage capacity of Nikko Hanoi Hotel is often maintained relatively stable at about 50 - 60%. However, hotel business activities are seasonal and depend heavily on external objective conditions such as factors of the economic environment, culture, politics, legal system of the tourist destination, etc.

Factors to ensure the safety of property and human life, and epidemics. The number of visitors to Nikko Hanoi Hotel is increasing, and changes with the seasons. The number of visitors to Nikko Hanoi Hotel is highest in the first 3 months of the year and the last months of the year.

In 2011, Vietnam tourism faced a major difficulty, which was the global economic crisis, so the number of international tourists to Vietnam decreased. In 2012 and 2013, the economy initially stabilized and the number of guests at Nikko Hanoi Hotel also increased, and the room occupancy rate reached 100%. 2012 was a successful year for hotels in Vietnam, especially in the last months of the year, most hotels had no empty rooms. Nikko Hanoi Hotel also always achieved high room occupancy rates and often achieved 100% room occupancy rates.

The hotel always tries to find ways to promote the image of the hotel to customers. During its operation, the hotel has had ups and downs along with the hotel industry in Vietnam, affected by economic, political and social conditions, but the hotel always creates a beautiful image, good impression in the hearts of tourists with the quality services and reputation of the hotel.

Table 2.3. Revenue table of Nikko Hanoi Hotel



Spending

Year

2011

2012

2013

Amount(USD)

%

Amount (USD)

%

Amount (USD)

%

Chamber sales

8058787.55

53

8209860.78

49

9043868.72

49

Food and beverage business

5316000.18

35

6105000.23

36

7083868.35

38

Phone, Fax

239998.98

2

257076.34

2

269045.46

1

Laundry

214278.67

1

286460.09

2

292973.3

2

Trade Center

297730.35

2

364000.98

2

317632.77

2

Other income

1090020.76

7

1581000.45

9

1588018.99

9

Total revenue

15216816.49

1

16803398.87

1

18595407.59

1

Maybe you are interested!

Source: Accounting Department of Nikko Hanoi Hotel



Chart 2.1. Revenue structure of Nikko Hanoi Hotel in 2011-2013

Through the statistics table, 2013 is considered a prosperous year for the Hotel. It has the highest total revenue because both room and food revenue and other services have increased the most, especially food revenue has increased steadily compared to previous years and room revenue increased by 12.11% compared to 2011. On the other hand, we see that the Hotel's revenue depends mainly on the revenue of the room and food departments. That is very true because room business and food business are the two main business areas of the Hotel.

Currently in Hanoi, up to now, we have 15 rooms of 5-star hotels, and by September 2014, another 5-star hotel will be opened. This also affects the hotel's business activities. One of the factors that causes difficulties and requires businesses to apply many strategies to ensure revenue and profit is due to the appearance of many hotels, leading to customers having many choices, and the competition between businesses is becoming increasingly fierce. Another reason that also affects the business situation is that some hotels are affected because in recent years, some countries have been affected by the economic downturn. However, in the hotel business in Vietnam during this period, businesses still have the ability to attract customers because the market is

Thailand's tourist market is affected by the political security situation in that country.

2.2.1.5 Situation of food and beverage service business at the hotel

- Hotel food service business system

Nikko Hanoi Hotel is an address serving a rich menu of world-famous dishes with international standard restaurants. Food quality is the top priority here.

European restaurant “La Brasserie” is a restaurant that always introduces dishes

rich French, American, Austrian, German and Vietnamese cuisine with a menu that changes daily. The restaurant is located on the first floor of the hotel and serves breakfast, lunch and dinner.

The Chinese restaurant “Tao-Li” is famous for its Northern dishes.

Kinh, Sichuan, Guangdong, Hainan...Dim Sum buffet

Japanese restaurant “Ben-Kay” is rated by many customers as number 1 in Vietnam. Most of the ingredients used to prepare the dishes are imported. Sushi and Sashimi (raw fish) are the main dishes in the restaurant’s menu, plus the unique traditional decoration makes the restaurant famous.

The “Portraits Bar” with its unique and cozy architecture, offers a wide range of drinks from whiskey, cognac, sake… to draft beer, fruit juice and mixed cocktails. Guests can still order snacks here and especially in the evening, enjoy live music performed according to their preferences.

The Cakeshop sells all kinds of French and European bread and pastries, and you can also drink coffee here.

Nikko Hanoi Hotel is currently one of 13 large five-star hotels in Hanoi, located in the center of the capital, convenient for transportation. Hotel

always focuses on diversifying all of its products to better meet the needs of customers, in which the food and beverage business is still a very interested field due to the significant profits that the food and beverage business department brings.

To understand the role of food and beverage business in the overall business activities of Nikko Hanoi Hotel, first consider the revenue statement from food and beverage services.

Table 2.4. Comparison table of food service revenue compared to total revenue

Unit: USD


TT

Year

Revenue from services

food service

Total revenue

Proportion (%)

1

2011

5316000.18

15216816.49

35

2

2012

6105000.23

16803398.87

36

3

2013

7083868.35

18595407.59

38

(Source: Hotel Sales Department)


Looking at the table above, we can see that the revenue from food and beverage services of NIKKO HANOI hotel accounts for 35% to 38% of the total revenue of the hotel and has been increasing in recent years. Currently, hotels are tending to increase revenue from food and beverage services and some additional services in the market. One of the factors that helps increase food and beverage revenue is due to the increasing demand for food and beverage and high service requirements of guests. The target audience not only attracts international guests but also local guests, especially on weekends or important events. Some 5-star hotels are currently attracting wedding parties, organizing conferences and seminars, also attracting a large workforce with seasonal labor regimes for this group.

2.2.2 Sofitel Metropole Hotel

2.2.2.1 General introduction

Sofitel Metropole Hotel, full name Sofitel Legend Metropole Ha Noi Hotel, is proud to be the oldest hotel in Hanoi with nearly 100 years of history. In the summer of 1901, the "Grand Metropole Palace" hotel officially opened to welcome guests in the capital Hanoi. The real estate company named Societe Francaise Immobiliere, founded by two French investors Gustave - Emile Dumoutier and Andre Ducamp, carried out this project. At that time, the hotel was considered the most massive hotel in Indochina.

The Sofitel Metropole Hotel quickly became a destination for the upper class in the first half of the 90th century. In the same year 1954, the hotel became the property of the Vietnamese government and was the place to welcome the government's distinguished guests. Initially, the hotel was under the Ministry of Internal Trade, then the Ministry of Interior, then the General Department of Tourism and finally the Hanoi Tourism Company. The Sofitel Metropole Hotel was renamed the Thong Nhat Hotel.

After 90 years of proud operation in ancient Hanoi, the hotel has temporarily closed for renovation and upgrading (the result of a joint venture between Hanoi tourism & Unimex Hanoi and Cociete Development Metropole (SDM) and AAPC (Accor Asia Pacific Corporation), Federal Investments Elysce and SEM in which the Vietnamese side holds 70% of the capital).

In March 1992, the first renovation and upgrading phase ended, the hotel reopened as Dullman Metropole, later becoming the Sofitel Legend Metropole Hanoi hotel with 109 rooms and quickly became a charming oasis in the heart of Hanoi capital.

Phase 2 of the project began construction in 1994 with the Opera Wing building consisting of 3 floors with 135 rooms and above that 4 floors for office leasing which opened in September 1996. In 1997 the hotel

Sofitel Legend Metropole Hanoi is officially recognized as the first 5-star hotel in Vietnam.

Currently with 364 modernly equipped rooms, 2 restaurants, 3 bars, 1 outdoor swimming pool, 1 gym, Sofitel Legend Metropole Hanoi Hotel is a familiar address for businessmen, political activists, government delegations from many countries around the world. Sofitel Legend Metropole Hanoi Hotel was built in Hanoi in 1901. Sofitel Legend Metropole Hanoi Hotel belongs to the Accor group, has a long history and is a luxurious place for many prestigious events.

Sofitel Legend Metropole Hanoi Hotel is one of the first joint ventures in the hotel business in Hanoi. This is a 5-star hotel managed by the ACCOR Group and is currently the highest international standard hotel in Hanoi. After a long period of operation, Sofitel Legend Metropole Hanoi Hotel has affirmed its position in the Hanoi market as well as the whole country. And the characteristics of technical facilities, characteristics of customer sources, and business results have proven this.

2.2.2.2. Technical infrastructure system

Sofitel Legend Metropole Hanoi Hotel has French colonial architecture. The hotel is located in the heart of Hanoi, a few minutes walk from Hoan Kiem Lake and the magnificent Opera House. The hotel has a system of 364 comfortable and modern rooms.

The hotel has 364 rooms and suites, while the original grandeur is retained in the classic Metropole wing, the Opera wing offers a neoclassical luxury look. All rooms are equipped with Sofitel's MyBed, broadband internet, LCD screens and DVD players.

The restaurant system has a classic and sophisticated space with beautiful decoration, serving diners traditional and modern Vietnamese dishes. From home

Guests can admire the hotel's beautiful garden. The interior has an ancient flavor through rattan chairs and ceiling fans. Unique function rooms with perfect facilities can serve up to 180 people, meeting all the needs of organizing conferences or international parties.

Clark Hatch Spa Center: equipped with international standard exercise machines and fitness equipment. At the center, you will also receive support from fitness experts and massage specialists. In addition, the center also has a sauna, baths and an outdoor swimming pool.

Technical facilities are one of the important factors that make up the hotel's products, or more specifically, it is an important indicator to evaluate the quality of service. Investing in and perfecting technical facilities is a necessary requirement when the hotel wants to improve its competitiveness in the market through improving the quality of service. It can be affirmed that Sofitel Legend Metropole Hanoi Hotel has a fairly complete system of facilities and is demonstrated through its departments.

2.2.2.3 Characteristics of customer market

The guest market is an extremely important factor: From the characteristics of the guest market, the hotel will have a business strategy to meet the maximum needs of the guest market. Like all hotel businesses, Sofitel Legend Metropole Hanoi Hotel has researched the market to choose a target guest market. Due to the unique characteristics of the hotel, it has brought about the characteristics of the guest market. The characteristics of the guest market are shown through the criteria: structure of guest sources, consumption characteristics as well as product distribution channels.

Hotel guest structure

Tourists coming to the hotel are mostly international guests. This is understandable, because Sofitel Legend Metropole Hanoi is a 5-star hotel.

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