Hotel Sport is in the suburb of large metropolitan area near a sports complex that has a stadium suitable for baseball and soccer games The 250 room independent hotel is a select service property in the mid range category Its rate structure is simple Rack $190 Weekend $159 Low season Government $140 Groups (of 15 ) $130 Best available rate $120 Late August is traditionally a slow season in the hotel and business picks up in September after area businesses and government offices are back in full gear The sell rate in late August is the $140 low season rate For the weekend of August 20 to 22 the forecasted occupancy is around 130 rooms The reservations on the book are 90 guaranteed and 25 non guaranteed reservations The hotel expects 15 walk ins Questions It is July 29 What rate should the revenue manager approve to quote for reservation inquiries for the weekend of August 2022 Now it is July 30 One day later The Major League Soccer Franchise of the city had just clinched a spot in the playoffs and the first game in the elimination round will be against a team from California, the L A Galaxy They have the worlds most famous superstar, David Beckham, in its lineup on August 21 All the hotels in the city are filling up fast and phones with reservation inquiries are ringing off the hook at the Sport What rate should the revenue manager approve to quote now for group reservation inquiries for the weekend of August 2022 Are there any stay control measures that should be considered

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 15, 2024

Hotel Sport is in the suburb of large metropolitan area near a sports complex that has a stadium suitable for baseball and soccer games. The

Hotel Sport is in the suburb of large metropolitan area near a sports complex that has a stadium suitable for baseball and soccer games. The 250-room independent hotel is a select-service property in the mid-range category. Its rate structure is simple:

Rack $190

Weekend $159

Low season/Government $140

Groups (of 15+) $130

Best available rate $120

Late August is traditionally a slow season in the hotel and business picks up in September after area businesses and government offices are back in full gear. The sell rate in late August is the $140 low season rate. For the weekend of August 20 to 22 the forecasted occupancy is around 130 rooms. The reservations on the book are 90 guaranteed and 25 non-guaranteed reservations. The hotel expects 15 walk-ins.

Questions

It is July 29. What rate should the revenue manager approve to quote for reservation inquiries for the weekend of August 2022?

Now it is July 30. One day later: The Major League Soccer Franchise of the city had just clinched a spot in the playoffs and the first game in the elimination round will be against a team from California, the L. A. Galaxy. They have the worlds most famous superstar, David Beckham, in its lineup on August 21. All the hotels in the city are filling up fast and phones with reservation inquiries are ringing off the hook at the Sport.

What rate should the revenue manager approve to quote now for group reservation inquiries for the weekend of August 2022? Are there any stay control measures that should be considered?