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I 6. You are the revenue manager of a 500-room hotel in Memphis. You are interested in calculating RevPAR for two scenarios: fixed pricing and

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I 6. You are the revenue manager of a 500-room hotel in Memphis. You are interested in calculating RevPAR for two scenarios: fixed pricing and differential pricing. Based on the information below, please calculate the RevPAR for each scenario. Based on your calculation, explain which strategy you would select and why. (Show your calculations) (25pts) Scenario one is that you used a fixed pricing strategy: at a selling pricing $150 per night your hotel would sell 240 rooms on a given day. Scenario two is that you implement a three-price strategy: low rate $100 per night, regular rate $150 per night, and high rate $200 per night. Your hotel would sell 100 low-priced rooms, 150 regular-priced rooms, and 25 high-priced rooms per day

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