The Royce Lodge, a 300-room hotel, has provided you with the following data for the months of January and February.

January February Single rooms sold 2,500 2,480 Double rooms sold 4,400 4,200 Complimentary rooms* 100 90 Room revenue $425,000 $410,000 Number of paid guests 11,500 11,030

*Assume that all complimentary rooms are occupied by single guests.

Required:

1. Compute the following for January and February:

Paid occupancy percentage Complimentary occupancy Multiple occupancy percentage Number of guests per occupied room Monthly average room rate mono op Monthly REVPAR 2. Was the financial performance of the Royce Lodge better in January or February? Assume that fixed costs were constant and that the variable costs per room sold remained constant. Support your answer with de- tailed discussion.