Strategic Lodging Investments has gathered data on two hotels, the Eastbrook Towers (ET) and the Westwood Inns
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Strategic Lodging Investments has gathered data on two hotels, the Eastbrook Towers (ET) and the Westwood Inns (WI). Both properties have 200 rooms and a daily occupancy rate of 72%. The ADRs by market segment are presented below:
Mix off Room sales ADR ET WI ET WI Commercial 35% 40% 76 78 Group 25% 20% 70 vas Transient 22% 24% 83 80 Tourist 18% 16% 75 Wen Required:
1. Calculate room revenue for each of the lodging properties for the year.
(Assume 365 days in a year.)
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Related Book For
Financial Management For The Hospitality Industry
ISBN: 9780131179097
1st Edition
Authors: William P Andrew, James W Damitio
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