Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lea Ray is the revenue manager at the 200-room Hilton Garden Inn. She tracks her occupancy and ADR on a daily basis. The following data

Lea Ray is the revenue manager at the 200-room Hilton Garden Inn. She tracks her occupancy and ADR on a daily basis. The following data represent her hotel's Thursday night performance for the past seven weeks.

Thursday

Week 1

Week 2

Week 3

Week 4

Week 5

Week 6

Week 7

Occ. %

69.5

73.5

66.5

72.0

72.5

69.0

77.0

ADR

$151.50

$145.95

$161.50

$178.50

$179.95

$129.95

$159.95

Using that historical data, calculate her Occupancy %, ADR, and RevPAR for these trailing periods:

Note:Roundeach number to thenearest tenth

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for creating and managing value

Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne

8th edition

9781760420413 , 978-1760420406

More Books

Students also viewed these Accounting questions

Question

Question 2 Answered: 1 week ago

Answered: 1 week ago

Question

How easy the information is to remember

Answered: 1 week ago

Question

The personal characteristics of the sender

Answered: 1 week ago

Question

The quality of the argumentation

Answered: 1 week ago