The manager of the Hospitality Inn has developed regression analysis equations for forecasting the hotels dining room
Question:
The manager of the Hospitality Inn has developed regression analysis equations for forecasting the hotel’s dining room sales volume based on the hotel’s anticipated guest night count. The monthly equations (where y equals the forecast number of meals to be served, and x equals the number of hotel guests) are:
The hotel has 100 rooms. Its occupancy in November is expected to be 70 percent, and its double occupancy rate is 40 percent.
The average meal checks are
Calculate the dining room’s forecast meal period sales, both in number of guests and revenue dollars, for the month of November.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Hospitality Management Accounting
ISBN: 9780471092223
8th Edition
Authors: Martin G Jagels, Michael M Coltman
Question Posted: