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The Grand Upscale Hotel has the below stats for last night 110 total rooms 88 occupied rooms $13,000 in revenue Answer each part and label
The Grand Upscale Hotel has the below stats for last night 110 total rooms 88 occupied rooms $13,000 in revenue Answer each part and label each (Example: a. 10% occ, b. $2ADR, c. $1 RevPAR) a. What is the occupancy percentage? b. What is the Average Daily Rate (ADR)? c. What is the RevPAR? Last year you had $500 worth of inventory and this year you have $1000 worth of inventory. Did this result in an increase or decrease in cash, and by how much
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