Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Assume that, as a 200-room hotel's Revenue Manager, you are approached by a tour operator with a request of 100 rooms @ $119.00 per
1. Assume that, as a 200-room hotel's Revenue Manager, you are approached by a tour operator with a request of 100 rooms @ $119.00 per room for the Monday night that is three months from now. Average Occ. % ADR RevPAR 3133555 Last 8 Mon 88% $168.5 $149.70 Last 8 Tues 91% $188.75 $171.76 Last 8 Wed 78% $148.75 $116.03 Last 8 Thurs 67% $138.75 $92.96 Last 8 Fri 45% $155.75 $70.09 Last 8 Sat 51% $159.75 $81.47 Last 8 Sun 29% $129.75 $37.63 1) Based on the historical data shown in the above table ALONE, do you recommend that the hotel fill this tour operator's request to reserve 100 rooms on the Monday night that is three months from now? Round your answers to the two decimal places. (3 marks) 2) In addition to the historical data, what other factors should be considered before a proper recommendation to accept or reject the tour operator's proposal could be made
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started