PACE Report Clearmont Hotel January 2004 Rooms Rooms Sold Total Rooms Sold Rooms Sold to Same Sold this Date this Month Last Last Year to Month Month Year Year Date 75 75 50 50 220 430 130 220 Mar 360 950 195 670 675 975 580 750 May 790 1,200 560 1,050 June 950 [aes 625 1,650 July 1,100 1,950 890 1,870 1,450 2,600 Welds 1,800 Sept 720 850 800 ie eu 400 150 750 1,200 Nov 650 950 300 520 350 800 195 500 ;

Required:

1. Calculate the rate of increase of sales for January 2004, compared to January of 2003.

2. Calculate the rate of increase of year to date sales for January 2004, compared to January of 2003.

3. Comment on the performance of the Clearmont Hotel.