Stop-N-Stay and Paradise Inn operate motels across the northwest. Operating data for each chain are as follows:
Question:
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For August, each chain reported the following:
__________________ Room Nights ________ Average Daily
____________________ Occupied __________ Room Rate
Stop - N - Stay ............... 239,940 ................. $125
Paradise Inn .................... 292,950 ................ $95
1. Determine the occupancy rate for Stop-N-Stay for August.
2. Determine the occupancy rate for Paradise Inn for August.
3. Determine the total room revenue for each chain for August.
4. Compare and comment on the operating results for each chain?
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1 StopNStay Occupancy Rate Room Nights Occupied Available Room Nights 239940 ...View the full answer
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