Question
Q1: In the short run, when room supply is held constant... A. changes in room demand will not affect the selling prices of rooms. B.
Q1:
In the short run, when room supply is held constant...
A. | changes in room demand will not affect the selling prices of rooms. | |
B. | an increase in demand for rooms typically leads to a decreased selling price. | |
C. | a decrease in demand for rooms typically leads to a decreased selling price. | |
D. | a decrease in demand for rooms typically leads to an increase in selling price. |
Q2:
What is subtracted from the numerator when calculating Net ADR Yield?
A. | ADR | |
B. | The hotel's yield percentage | |
C. | Average cost per occupied room | |
D. | Reservation generation fees |
Q3:
Which of the following formulas is used to calculate RevPAR?
A. | GOPPAR x Occupancy % | |
B. | ADR / Occupancy % | |
C. | ADR x Occupancy % | |
D. | GOPPAR / Occupancy % |
Q4:
Which is NOT an example of ancillary revenue in a hotel?
A. | Roll away bed rentals | |
B. | Golf fees | |
C. | Parking fees | |
D. | Interest income |
Q5:
Which formula is used to calculate flow-through?
A. | (GOP this period - GOP last period) / (Total revenue this period - Total revenue last period) | |
B. | (GOP this period + GOP last period) / (Total revenue this period - Total revenue last period) | |
C. | (GOP this period - GOP last period) / (Total revenue this period + Total revenue last period) | |
D. | (GOP this period + GOP last period) / (Total revenue this period + Total revenue last period) |
Q6:
A rack rate is best understood as the price of a hotel's...
A. | rooms when discounts are offered. | |
B. | most expensive room types. | |
C. | least expensive room types. | |
D. | rooms when no discount is offered. |
Q7:
GOPPAR is best defined as hotel's...
A. | ADR x RevPAR x Occupancy % | |
B. | revenue less management controllable costs per available room. | |
C. | ADR x RevPAR | |
D. | revenue less management controllable costs per sold room. |
Q8:
In the select (limited) service segment of the hotel industry, non-room revenue typically accounts for what percentage of total revenue?
A. | More than 50% | |
B. | 5-20% | |
C. | 20-50% | |
D. | Less than 5% |
*Please explain answers & show work for calculations*
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