Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 8, Question 5 Makayla Jennings is the general manager at the Hampworth Inn. Le'Veon is the property's ont ofce manager (POM) and Latisha is

image text in transcribed
Chapter 8, Question 5 Makayla Jennings is the general manager at the Hampworth Inn. Le'Veon is the property's ont ofce manager (POM) and Latisha is the hotel's Director of Sales and Marketing (DOSM). All three serve on the hotel's RM committee. The hotel has 195 rooms available for sale. Next month, the hotel will serve as the headquarter hotel for the Retired Fireghters Association. The Association originally blocked 100 rooms per night for Thursday, Friday, and Saturday nights at a rate of $1 19.00 per night. The hotel accommodated their request and all the rooms in their block have been picked up. Now, the group has requested that Latisha add 30 rooms each night to their block at the originally contracted rate of $1 19.00. They state that they will use all of the 30 additional rooms if they are made available, but if not they will move their remaining 30 attendees down the street to the Comfort Inn. Latisha is in favor of increasing the block and keeping the group together. The current rooms availability forecast for the three days of the meeting is as follows: Current Rooms Sales n_m-m- m Le'Veon 1s sed. Rather than increase the room block of the Fireghters, he is convinced that he can sell additional rooms at an ADR of $1619. 00 as indicated in the following forecast he has prepared: Le'Veon' s Forecast ADRtS) Thursday Fday Additional rooms to be sold at rack rate 169.00 Under Le'Veon's plan, he states, \"the hotel can maximize its ADR.\" Based on Latisha's and Le'Veon's estimates, Makayla knows the hotel would maximize its occupancy percentage if she takes Latisha's advice, 195 total but would command a higher ADR if she follows Le'Veon's advice. Help Makayla analyze the data she needs to answer the questions that follow by filling in the chart: _

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

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

8th Edition

1259116832, 9781259116834

More Books

Students also viewed these Accounting questions

Question

The number of people commenting on the statement

Answered: 1 week ago

Question

Peoples understanding of what is being said

Answered: 1 week ago