Date for applications: Wednesday 6th December 2017
Working in partnership with arena4|finance and HOTS, the Business Game Competition Final will take place alongside the Debating Competition Final on 12th March 2018.
As in previous years the competition is open to both students studying on hospitality programmes and industry professionals. Participants must be individual members of the Institute of Hospitality or, if you are a student, must be studying at an educational institution that is registered with the Institute of Hospitality’s Education Membership Scheme.
Passion 4 Hospitality (P4H) was developed by the Institute of Hospitality as part of its drive towards engagement with its Education Membership Scheme (EMS) members. The event was developed to bring students, academia, and industry together, with the Institute acting as the catalyst to facilitate this initiative.
The Institute of Hospitality is the professional body for individual managers and aspiring managers working and studying in the hospitality, leisure and tourism industry. It has been the industry’s leading network for more than 75 years. The Institute promotes the highest professional standards of management and education and its membership spans more than 100 countries worldwide. www.instituteofhospitality.org
HOTS stands for Hotel, Operations, Tactics and Strategy and is a web-based business management simulation that challenges participants to manage a large hotel during a series of online heats, culminating in the final.
Arena4finance offer a range of courses using the HOTS simulation for both industry participants and for universities and colleges. Our experienced educators have successfully tailored the courses to meet the learning outcomes on finance and revenue management modules on undergraduate degree programmes in hospitality. The simulation enables participants to have the opportunity to:
- Identify the current problems in the hotel and devise strategies to tackle them
- Develop and implement a business plan to achieve the targets set for the hotel
- Set policies and allocate resources on a monthly basis to ensure that the hotel’s targets and goals are met
- React appropriately to events in the market place
Extensive market research, as well as sales and financial reports passed on by the previous management, are available within the simulation to help participants in their decision-making and to provide an idea of the patterns of trade the hotel has recently experienced.