Question
The Westgate Hotel has 700 rooms. Using the formulas that you learned in this module and the information provided, complete the calculations and fill in
The Westgate Hotel has 700 rooms. Using the formulas that you learned in this module and the information provided, complete the calculations and fill in the blanks.
Scenario 1 - March 16
If the occupancy is 85%, there were how many rooms sold? Answer: 595
If the average rate is $235, the revenue is $.... ? Answer $139825
Based on these numbers, the RevPar for March 16th is $.... ?
Scenario 2 - April 2
If 465 rooms sold, the occupancy would be ........... %. Answer 66.43%
If RevPar is $140.00, the hotel earned $...... in total revenue
With this information, the Average Rate for that night would be $.... .
Scenario 3 - Month of May (31 days)
If the Westgate had an average occupancy of 70% in the month of May, what was the total number of occupied rooms?
If the monthly revenue for May is $2.5 million, the average rate is $... ?
May's RevPar is $... ?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started