Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

2-1 (2 point) What is the conversion rate? 2-2 (3 points) Please calculate the following three step-to-step micro-conversions 1. Rates & Availability Review Itinerary (1

image text in transcribed

2-1 (2 point) What is the conversion rate? 2-2 (3 points) Please calculate the following three step-to-step micro-conversions 1. Rates \& Availability Review Itinerary (1 point) 2. Review Itinerary Guest Info (1 point) 3. Guest Info Confirmation (1 point) 2-3 (5 points) You believe that if you offered a 10% discount on all bookings, the conversion rate would increase to 5.5%. Would this increase or decrease revenue? How much? This would (increase/decrease) revenue New expected revenue =( ) 2-4 (5 points) You believe that if you offered a 15% discount on all bookings, the conversion rate would increase to 7%. Would this be a profitable action if the gross margin on booking (before the 10% discount) is 50% ? (show your works) 2-1 (2 point) What is the conversion rate? 2-2 (3 points) Please calculate the following three step-to-step micro-conversions 1. Rates \& Availability Review Itinerary (1 point) 2. Review Itinerary Guest Info (1 point) 3. Guest Info Confirmation (1 point) 2-3 (5 points) You believe that if you offered a 10% discount on all bookings, the conversion rate would increase to 5.5%. Would this increase or decrease revenue? How much? This would (increase/decrease) revenue New expected revenue =( ) 2-4 (5 points) You believe that if you offered a 15% discount on all bookings, the conversion rate would increase to 7%. Would this be a profitable action if the gross margin on booking (before the 10% discount) is 50% ? (show your works)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions