Question
Netflix is coming to town for a national sales meeting. They plan on having 250 rooms arriving on a Sunday through Wednesday. They will have
Netflix is coming to town for a national sales meeting. They plan on having 250 rooms arriving on a Sunday through Wednesday. They will have 50 rooms on the shoulder night (Thursday). The hotel has 35 contract rooms per night and 400 total rooms.
Complete the week of rooms
Group Rate: $179
Transient Rate: $209
Contract Rate: $99
Comp Set Occ%: 82%
Comp Set ADR: $188.50
Transient Rooms:
Sunday: 100
Monday: 115
Tuesday: 115
Wednesday: 105
Thursday: 200
Friday: 350
Saturday: 350
Figure out what the ADR, OCC%, RevPar, & RevPar Index are.
It says ADR is $186.76, Occ% is 93.9%, RevPar is $175.39, RevPar Index is 113.5%. How did they get these answers?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
