Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.Given the following data, forecast annual rooms revenue: Total Rooms: 90,500 Rooms Available for sale: 90,000 Occupancy percentage: 85% Reservations: 65,000 Average Daily Rate: $125

image text in transcribed

image text in transcribedimage text in transcribed
1.Given the following data, forecast annual rooms revenue: Total Rooms: 90,500 Rooms Available for sale: 90,000 Occupancy percentage: 85% Reservations: 65,000 Average Daily Rate: $125 The Convention hotel has 900 rooms. At 85 Percent Occupancy, 525 ofthe 765 rooms sold are normally occupied by more than one person. The multiple occupancy percentage would be _ percent 2. The hotel has three types ofsingle rooms: there are 150 Type-A rooms with a rack rate of $120; 200 type B rooms with a rack rate of $140: 100 Type C rooms with a rack rate of $175: What is the potential average single rate for the hotel? 3. Given the following revenue management data, calculate the room rate achievement factor: Occupancy Percentage: 82% Actual Average Rate: $289 Potential Average Rate: $329 Rate Spread: $45 4. Given the following revenue management data, calculate RevPAR: Actual Room Revenue: $155,000 Number of Available Rooms: 550 Occupancy Percentage: 78% Average Daily Rate: $361.31 5.. Given the following revenue management data, calculate RevPAR Actual Room Revenue: $225,000 Number of Available rooms: 625 Occupancy Percentage: 85% Average Daily Rate: $265 Number of guests: 1,175

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Managerial Accounting

Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

5th Canadian edition

77429494, 1259105709, 1260480798, 978-1259105708

More Books

Students also viewed these Accounting questions

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago

Question

7. How can the models we use have a detrimental effect on others?

Answered: 1 week ago