Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that Mantine Hotel has 200 rooms with 80% occupancy on daily basis. The ADR of this hotel is $70.00 and it operates every day

Assume that Mantine Hotel has 200 rooms with 80% occupancy on daily basis. The ADR of this hotel is $70.00 and it operates every day in a certain year. Also, this hotel has $2 million annual F&B revenue. On daily basis, the total number of guests stayed at Mantine is 80. Based on the information given, calculate the revenue per available customer (assume that total number of guests stay constant through the year and there are 365 days in a year).

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

Multivariate Methods And Forecasting With IBM SPSS Statistics

Authors: Abdulkader Aljandali

1st Edition

3319564803,3319564811

More Books

Students also viewed these Finance questions