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PB.1 A motel has 80 rooms. During June average room rate is $120, occupancy is 70%. In July room rates increase by 10% and occupancy
PB.1 A motel has 80 rooms. During June average room rate is $120, occupancy is 70%. In July room rates increase by 10% and occupancy is 86%. In August rates are the same as July but occupancy is 90%. Calculate revenue each month.
Number of units | |
Average room rate June | $120.00 |
Days in June | |
Occupancy rate June | |
Estimated revenue June | |
Average room rate July | |
Days in July | |
Occupancy rate July | |
Estimated revenue July | |
Average room rate August | |
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