Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Paige Vincent is the RM at the City Center Novotel. For over 12 months, she has been working hard to improve the performance of her

image text in transcribed
Paige Vincent is the RM at the City Center Novotel. For over 12 months, she has been working hard to improve the performance of her hotel. Paige just received the following performance data. Help her understand the revenue optimization trends for her property by completing the chart and then answering the questions that follow: Occupancy % Novotel Comp Set Index This month 57.2 58.1 98.45% Last 3 months 55.1 57.7 95.49% Last 12 months 51.3 55.6 92.27% ADR This month $266.57 $270.15 98.67% Last 3 months $244.91 $269.69 90.81% Last 12 months $231.45 $268.95 86.06% RevPAR This month $ 152.48 $ 156.96 Last 3 months $ 134.95 $ 155.61 Last 12 months $ 118.73 $ 149.54 A. What was Paige's occupancy index this month? B. What was Paige's ADR index for the last three months? C. What was Paige's RevPAR index this month? D. What was Paige's RevPAR for the last 12 months? E. Compare Paige's property performance for the past 12 months to that of her competitive set. How effective do you believe Paige has been in devising and implementing her revenue optimization strategy

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

Step: 3

blur-text-image

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

Project management the managerial process

Authors: Eric W Larson, Clifford F. Gray

5th edition

73403342, 978-0073403342

More Books

Students also viewed these General Management questions