Question
please let me know how to process... please not only aswer... i need to know how to caculate... 1. Given the following data, forecast annual
please let me know how to process... please not only aswer... i need to know how to caculate...
1. Given the following data, forecast annual rooms revenue: Total Rooms 50,500 Rooms available for sale 50,000 Occupancy percentage 75% Reservations 22,500 Average daily rate $80 A. $1,800,000 B. $3,000,000 C. $3,030,000 D. cannot be determined from data
2. Given the following revenue management data, calculate the room rate achievement factor: Occupancy Percentage 74% Actual Average Rate $90 Potential Average Rate $125 Rate Spread $12 A. 90% B. 74% C. 139% D. 72%
3. The Kapi`olani Hotel has three types of single rooms. There are 100 type A rooms with a rack rate of $80; 150 type B rooms with a rack rate of $90; and 150 type C rooms with a rack rate of $100. What is the potential average single rate for the hotel? A. $95.00 B. $89.95 C. $91.25 D. $93.75
4. At the Kapiolani Hotel, construction and furnishing costs per room average $95,000. Using the rule-of-thumb approach to pricing, the minimum average room rate would be __________. A. $95 B. $85 C. $75 D. $105
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