Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please provide details solution Task 3: Apply a yield management techniques to a following hotels scenarios Here is an example of the Intercontinental and Sheraton

please provide details solution

image text in transcribed

Task 3: Apply a yield management techniques to a following hotels scenarios Here is an example of the Intercontinental and Sheraton hotels achieving the same occupancy rate. The number of rooms in both hotels is 500. The number of rooms sold in the Sheraton is 200 at a price of 80 Jordanian dinars and 200 rooms at a price of 95 Jordanian dinars, while in the Intercontinental hotel the number of rooms sold is 100 rooms at a price of 80 Jordanian dinars and 300 rooms at a price of 95 Jordanian dinars. Note: The Rack Rate for the two hotels is 95 JD. ARR Yield RevPAR Occupancy Income Rate No. Rooms Sold No. Rooms available Hotel 80 200 ?? ?? ?? ?? 500 ?? ?? ?? ?? 95 80 95 200 100 Sheraton (02/2019) InterContinental (02-2019) ?? ?? ?? ?? 500 300

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

FINANCIAL & MANAGERIAL ACCOUNTING FOR DECISION MAKERS

Authors: Dyckman, Hanlon, Magee, Pfeiffer, Hartgraves, Morse

3rd Edition

1618532340, 9781618532343

More Books

Students also viewed these Accounting questions

Question

Over what timescale should the project be undertaken?

Answered: 1 week ago