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Assume that Mantine Hotel has 200 rooms with 80% occupancy on daily basis. The average daily rate (ADR) of this hotel is $70.00 and it
Assume that Mantine Hotel has 200 rooms with 80% occupancy on daily basis. The average daily rate (ADR) of this hotel is $70.00 and it operates every day in a certain year. Also, this hotel has $2 million annual food and beverage (F&B) revenue. On daily basis, the total number of guests stay-ing 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)
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