Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bolufsen Resort has 40,000 rooms available each year. Operational figures for the years between 2000 and 2003 are shown in the table below: Based on
Bolufsen Resort has 40,000 rooms available each year. Operational figures for the years between 2000 and 2003 are shown in the table below: Based on the operational data above, calculate the room revenue for Bolufsen Resort for 2004.
$3,143,000
$2,830,680
$1,912,450
$2,380,000
Years 2000 2001 2002 2003 #of Rooms Sold 26,400 26,000 27,200 26,800 Occupancy Percent (Occ.%) 66.00 65.00 68.00 67.00 Average Daily Rate (ADR) ($) 80.00 82.00 90.00 88.00 Room Revenue ($) 2,112,000 2,132,000 2,448,000 2,358,400Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started