The competition will take place on 12th October 2018
To register visit www.tuco.ac.uk
Entry to the HOTS Business Challenge is open to all TUCO member Universities and Colleges. There is no limit to the number of entries per member institution.
arena4finance is pleased to work with TUCO, the leading professional membership body for ‘in house’ caterers operating in the higher and further education sector. TUCO are committed to advancing the learning and developing of catering and hospitality teams, and work to provide quality standards, advice and information to those working in the sector.
TUCO is committed to driving the health and well-being agenda on behalf of its members, and is at the fore of sustainability best practice. The procurement team work to secure the best possible value in all framework agreements, demonstrated by purchasing volumes in excess of £100m per annum. For more information visit here.
This competition has a team working together to run a simulated hotel business.
HOTS stands for Hotel, Operations, Tactics and Strategy and is a web-based business management simulation that challenges participants to redevelop and manage a large hotel.
Working in teams, entrants are required to take over the management of a 125-bedroom virtual hotel for a simulated two-year period with each team managing an identical hotel. Over the course of two days during the 2018 Competitions the teams will be working against each other to improve the overall performance of their hotel on a simulated month by month basis.
The judges will be evaluating the performance of each hotel over the full two years in terms of the sustainable improvement in:
• Hotel revenues
• Average spends
• Return on capital
• Guest satisfaction
• Employee satisfaction
Each team will comprise of four participants and places are limited to a maximum of 8 teams.
This competition is ideal for all those seeking to gain a better understanding of business decision making and the resulting impact on profit and cash flow.
All entries are taken as individual, but if an institution enters four competitors these will automatically joined together in a team. All other single entries will be joined into teams, with the team mates released shortly before the competition.