Question
A 500-room property has recorded the following data from the previous day: Total rooms occupied: 423 Total room revenue: $64,452.51 There are two groups in-house:
A 500-room property has recorded the following data from the previous day:
Total rooms occupied: 423
Total room revenue: $64,452.51
There are two groups in-house:
- The Smith Data Corp group held 56 percent of all the group rooms and 48 percent of all the group revenue.
- Power and Light Group was the second group staying in the hotel on that day.
As revenue management team, using these data, answer the following questions:
1. What is the overall occupancy percentage? Show the calculation.
2. What is the ADR for all rooms sold (Average Daily Rate)? Show the calculation rounded to two decimal places.
3. What is the RevPar (Revenue per Available Room?) Show the calculation rounded to two decimal places.
4. Which group was more profitable? Just explain in one sentence.
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