Question
Q1. The Blackstone Hotel has 200 rooms and a rack rate of $ 90. (For simplicitys sake, assume that this rack rate is applicable to
Q1. The Blackstone Hotel has 200 rooms and a rack rate of $ 90. (For simplicitys sake, assume that this rack rate is applicable to both single and double room occupancies.)
1. 90 rooms were sold at varying rates
2. 80 rooms were occupied by guests. (Rooms sold does not equal rooms occupied by guests, because, on this particular day, single guests occupied two rooms at a complimentary room rate, thereby generating no room revenue. Note that the handling of complimentary rooms may differ among hotel properties.)
3. 20 rooms were occupied by two guests; therefore, a total of 75 guests were in occupancy.
4. $60,690 in rooms revenue was generated
5. $78,633.57 in total revenue was generated, including rooms, F&B, telecommunications and other charges.
Find out (5x 2 = 10 points)
1. Occupancy Percentage
2. Multiple Occupancy Percentage
3. Average Daily Rate (ADR)
4. Revenue per available room (RevPAR)
5. Yield Statistic
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