Question
The Resturant of a 165-room year round resort hotel depends entirely on its guests for its revenue. Average annual room occupancy is 77% . On
The Resturant of a 165-room year round resort hotel depends entirely on its guests for its revenue. Average annual room occupancy is 77% . On average 3.6 people occupy each room in use.
From the past experience 82% of the guests will eat breakfast, 27% will eat lunch, and 55% will eat dinner in the resort's dinning room.
The average checks per meal are:
Breakfast - $8.50
Lunch - $12.25
Dinner - $19.87
The Resturant is open every day of the year.
Calculate the annual(for 365 days) food revenue for a non-leap year, showing the calculations.
***ensure all calculations are rounded to two decimal places to arrive at the correct answer.
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