Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Name NAME OF THE PROPERTY Gull & Swallow Inn Kaitlin's Cabins Candlewood Duck & Pelican Inn Mercier Manor Le Bolduc Manning Manor Timmons Lodge Bellavista
Name NAME OF THE PROPERTY Gull & Swallow Inn Kaitlin's Cabins Candlewood Duck & Pelican Inn Mercier Manor Le Bolduc Manning Manor Timmons Lodge Bellavista Alexandra's Abbey O'HallorInns Harris Hotel Totals New Hotel New Totals Quiz House DAILY ROOMS 154 71 111 126 105 Harris Hotel is running a 57% occupancy 111 200 136 130 77 109 150 DAYS OPEN 300 365 365 300 365 365 290 365 215 365 365 AVAILABLE ANNUAL ROOMS 3) How does the new property impact the market in all aspects? Include market occupancy, ADR, REVPAR etc.... 46,200 % OF OCCUPANCY 73.0% 66.0% 65.0% 78.0% 82.0% 75.0% 72.0% 87.0% 86.0% 61.0% 94.0% Index OCCUPIED ROOMS All blanks should have a number inserted. AVERAGE ROOM RATE This also requires some thoughtful explanation. 108 107 117 104 94 98 108 107 109 111 134 1) Fill in the attached table and complete the totals row. 50 points 2) A new hotel enters the market. The new hotel has 272 rooms and is open year round. The projected occupancy of the hotel is 79 percent with an average rate of $. C Notes: The average rates of the segments are $99.00 commercial, $100.00 groups and $131.00 tourists. You need to calc 103 Index ANNU ROOD REVE 25 pts for 2,3
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started