Jamie Lynn is the revenue manager at a 250room fullservice hotel property. Her comp set includes five full and limitedservice properties: The demand and revenue
Jamie Lynn is the revenue manager at a 250‐room full‐service hotel property. Her comp set includes five full‐ and limited‐service properties:
The demand and revenue performance of Jamie Lynn's hotel for the time period of January through May are listed below.
Assume there were no changes in the number of rooms offered by the comp set or by Jayme Lynn, during the period January to May.
What was Jayme Lynn's proportion of the comp set's supply?
In which months did Jamie Lynn's occupancy rate exceed that of her comp set? _________
In which months did Jamie Lynn's ADR exceed that of her comp set? _________
Based on Jamie Lynn's January results, what room rate‐related advice would you give her?
Based on Jamie Lynn's May results, what room rate‐related advice would you give her?
Property Sheraton Radisson Holiday Inn Crown Plaza Hyatt Place Clarion Jamie Lynn' Hotel Total Number of Rooms Supply % 235 15.67% 220 14.67% 271 18.07% 314 20.93% 210 14.00% 250 100%
Step by Step Solution
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Step: 1
SOLUTION To determine Jamie Lynns proportion of the comp sets supply we need to calculate her hotels number of rooms as a percentage of the total number of rooms in the comp set Total number of rooms ...See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
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