TA What is the booking pattern? (0.5 p) Answer 1B What is the main micro of this hotel? (0.5) Answer 10 What is your highest ADR? (0.5 p) Answer 1D What is your highest occupancy%2.0.5 pt Answer TE What is your highest RevPAR? (0.5 t) Answer: 1F Which is/ are the popular day(s)? (0,5 g) Answer: 16 What other RM strategies will you use to further increase total revenue on the popular days as identified in 1F? Use proper terms only 1.5 pts) Answer Font Arves der Bewent7007200 Average mal duration is hours What is the average dinner ble tumover rate.pl TOTOOM 3 In early August, the Downtown Hotel is setting revenue management strategies for the month of November Given the forecast occupancy data for a 2.day Wine Convention starting Tuesday, what minimum length of stay restriction would be put on Tuesday (1.5 pts) Wine Convention M M Tu w TH LE Forecast 7096 90% 90 05% 65% Confirmed RSVN 50% 75% 00 35% 354 Room Rate $1150 $200 $180 $85 Highlight correct answer none B 2 days 3days D 4days 38 Must stay which other day(s)? What other strategy will you apply to max PRO? Answer Answer 4 Analy this table and answer the below questions Total 2) 4 Lead time and rooms booked Micro Jan Mor Nor X Rms booked 200 230 100 430 Rims booked 0 30 Feb My 4100 200 Forecast June 500 350 100 4A Just looking at the booking lead time and booking chart of rooms booked what type of guests Micro X? (050) Answer Micro Y? (0.500 Answer If today was May 1, do you need to worry about not reaching your June forecast for Micro Y? Why? Answer 5 Demand Tactics (2.5pts) Review each of the tacties below and indicate whether they are low-demand tactics or high demand tactics For each scenario (below listed), indicate with H for high demand for low demand A Collapse room types and rates B Implement Black Out dates for group bookings C. Remove stay restrictions D Closely monitor Washing E Selecting Closed-to-Arrival dates Answer Answer Answer Answer Answer 6 Hotel ABC currently operates at 74% occupancy for the year. Their rate averages about $92, and their current cost per occupied room is $18.40. Hotel Management knows that the market is very competitive and that an increase in the average rate may result in loss of occupancy If management increases the rate to $95, what equivalent occupancy must the hotel achieve in order to achieve a similar net rooms revenue for the hotel? (0.5 pts TA What is the booking pattern? (0.5 p) Answer 1B What is the main micro of this hotel? (0.5) Answer 10 What is your highest ADR? (0.5 p) Answer 1D What is your highest occupancy%2.0.5 pt Answer TE What is your highest RevPAR? (0.5 t) Answer: 1F Which is/ are the popular day(s)? (0,5 g) Answer: 16 What other RM strategies will you use to further increase total revenue on the popular days as identified in 1F? Use proper terms only 1.5 pts) Answer Font Arves der Bewent7007200 Average mal duration is hours What is the average dinner ble tumover rate.pl TOTOOM 3 In early August, the Downtown Hotel is setting revenue management strategies for the month of November Given the forecast occupancy data for a 2.day Wine Convention starting Tuesday, what minimum length of stay restriction would be put on Tuesday (1.5 pts) Wine Convention M M Tu w TH LE Forecast 7096 90% 90 05% 65% Confirmed RSVN 50% 75% 00 35% 354 Room Rate $1150 $200 $180 $85 Highlight correct answer none B 2 days 3days D 4days 38 Must stay which other day(s)? What other strategy will you apply to max PRO? Answer Answer 4 Analy this table and answer the below questions Total 2) 4 Lead time and rooms booked Micro Jan Mor Nor X Rms booked 200 230 100 430 Rims booked 0 30 Feb My 4100 200 Forecast June 500 350 100 4A Just looking at the booking lead time and booking chart of rooms booked what type of guests Micro X? (050) Answer Micro Y? (0.500 Answer If today was May 1, do you need to worry about not reaching your June forecast for Micro Y? Why? Answer 5 Demand Tactics (2.5pts) Review each of the tacties below and indicate whether they are low-demand tactics or high demand tactics For each scenario (below listed), indicate with H for high demand for low demand A Collapse room types and rates B Implement Black Out dates for group bookings C. Remove stay restrictions D Closely monitor Washing E Selecting Closed-to-Arrival dates Answer Answer Answer Answer Answer 6 Hotel ABC currently operates at 74% occupancy for the year. Their rate averages about $92, and their current cost per occupied room is $18.40. Hotel Management knows that the market is very competitive and that an increase in the average rate may result in loss of occupancy If management increases the rate to $95, what equivalent occupancy must the hotel achieve in order to achieve a similar net rooms revenue for the hotel? (0.5 pts