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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).
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