Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cockatoo Resort is a 150-room property in Osoyoos, Okanagan Valley. Caroline Flint, the resort's revenue manager, has to decide whether to sell to a group.
Cockatoo Resort is a 150-room property in Osoyoos, Okanagan Valley. Caroline Flint, the resort's revenue manager, has to decide whether to sell to a group. Transient ADR on the day she is considering will be $140.00; however, the group wants to book 30 rooms at $109.00, and she needs to know: 1) How much revenue will be generated if she sells 30 rooms to the group and all remaining rooms to transient guests without any additional discounts? Please calculate and show teh full calculation in the space below: 2) How much revenue will be generated if she does not make the group sale and sells only 80% of rooms to transient guests? Please calculate and show teh full calculation in the space below: 3) Which choice above is better from the revenue management point of view? Answer this question in one short sentence in teh space provided below: Answer text Rich text editor
Step 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