Mikel Nordsem is the front office manager at the Plaza Hotel. The hotel has 850 rooms and
Question:
Mikel Nordsem is the front office manager at the Plaza Hotel. The hotel has 850 rooms and its market consists primarily of business travelers. Mikel has determined to doa better job forecasting the number of rooms he will sell and occupancy % he will have each day. With a better forecast, he reasons, he can have the appropriate number of staff on hand to quickly serve all the guests who arrive.
Complete the following forecast, and then answer Mikel’s important questions.
—s 1 Date: May 1 Day: Wednesday Total rooms available 850 Out-of-order rooms 10 Net Availability Stayovers 104 Reservations (Arrivals) 376 Rooms Sold or Reserved pee Forecasted Adjustments:
No-shows 25 Early departures 12 Overstays 15 Total Forecast Sold or Reserved After Adjustments Occupancy Forecast
a. What is Mikel’s net availability for rooms on May 1?
b. How many rooms sold or reserved will Mikel have?
c. After he makes adjustments for no-shows, early departures, and overstays, what will be Mikel’s total forecast in rooms?
d. Based on his calculations, what is Mikel’s occupancy forecast for May 1?
Step by Step Answer:
Managerial Accounting For The Hospitality Industry
ISBN: 9780471723370
1st Edition
Authors: Lea R Dopson, David K Hayes