Holiday Inn Express is proposing to place a bid to sell 125 rooms for a Tuesday night next month at a rate of $109.00 per room. Chuck believes that if the hotel wins this group bid, the transient room sales for that day will ensure a sell-out at the rate of $141.50. All questions will be based on this scenario. To better answer the questions, prepare a form similar to this: Rooms sold ADR Total Revenue Total variable cost Net Revenue Without group With group 125 TOTAL Now answer A. What would be the total amount of revenue the hotel will achieve if it makes the group sale and sells out (at the ADR rate)? QUESTION 2 What would be the total amount of revenue the hotel will achieve if it does not make the group sale? QUESTION 3 What would be the total amount of net revenue (after-variable costs room's revenue) the hotel will achieve if it wins the group rooms contract and sells out that day? Holiday Inn Express is proposing to place a bid to sell 125 rooms for a Tuesday night next month at a rate of $109.00 per room. Chuck believes that if the hotel wins this group bid, the transient room sales for that day will ensure a sell-out at the rate of $141.50. All questions will be based on this scenario. To better answer the questions, prepare a form similar to this: Rooms sold ADR Total Revenue Total variable cost Net Revenue Without group With group 125 TOTAL Now answer A. What would be the total amount of revenue the hotel will achieve if it makes the group sale and sells out (at the ADR rate)? QUESTION 2 What would be the total amount of revenue the hotel will achieve if it does not make the group sale? QUESTION 3 What would be the total amount of net revenue (after-variable costs room's revenue) the hotel will achieve if it wins the group rooms contract and sells out that day