Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Occupancy Rate Jakes Cabins is a small motel chain with locations near the national parks of Utah, Wyoming, and Montana. The chain has a total
Occupancy Rate
Jakes Cabins is a small motel chain with locations near the national parks of Utah, Wyoming, and Montana. The chain has a total of 500 guest rooms. The following operating data are available for June:
Number of Guests | Nights per Visit | Guest Nights |
4,400 | 1 | 4,400 |
1,800 | 2 | 3,600 |
750 | 3 | 2,250 |
600 | 4 | 2,400 |
20 | 5 | 100 |
a. Determine the guest nights for June.
b. Determine the available room nights for June.
c. Determine the occupancy rate for June.
%
d. Assume that the occupancy rate for June of the prior year was 82%. Has the utilization rate for Jakes Cabins improved or declined?
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