1. The Holiday Inn is a limited-service hotel with 200 rooms. Last month, it achieved a RevPAR of $40. The following options represent different combinations in which the $40 RevPAR could have been achieved. Which of these options is the most profitable for the Holiday Inn?

1. ADR = $80; Occupancy = 50%

2. ADR = $200; Occupancy = 20%

3. ADR = $50; Occupancy = 80%

4. ADR = $100; Occupancy = 40%