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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
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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 300Step by Step Solution
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