When a hotels room revenue forecasts are consistently and unrealistically too low they a. Result in under-aggressive
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When a hotel’s room revenue forecasts are consistently and unrealistically too low they
a. Result in under-aggressive room rate determinations and rates that are set too low.
b. Cause unrealistic high profit expectations by the hotel’s owners
c. Produce budgeting/ spending errors by overstating anticipated revenues.
d. Result in over-aggressive room rate determinations and rates that are set too high.
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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