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Suppose a hotel has 140 rooms, and the average daily rate (ADR) is $150. The hotel's historical data indicates an average occupancy rate of 80%.
Suppose a hotel has 140 rooms, and the average daily rate (ADR) is $150. The hotel's historical data indicates an average occupancy rate of 80%. Calculate the hotel's potential revenue for a given day. After calculating the potential revenue, discuss one factor that could influence the actual revenue achieved compared to the potential revenue
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Microeconomics and Behavior
Authors: Robert Frank
9th edition
9780077723750, 78021693, 77723759, 978-0078021695
