Question
Recently, the management of the Brugge Luxury hotel has projected that they can generate $150,000 and $152,000 in revenues in 2011 and 2012 respectively. However,
Recently, the management of the Brugge Luxury hotel has projected that they can generate $150,000 and $152,000 in revenues in 2011 and 2012 respectively. However, the total revenues were actually $155,000 and $160,000 in 2011 and 2012 respectively. If the management would like to sell 2,500 rooms in 2013, what is the forecasted ADR in 2013?
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Step: 1
To calculate the forecasted ADR Average Daily Rate for 2013 we need to use the given information abo...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
