The Westgate Hotel has 700 rooms. Using the formulas that you learned in this module and the
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 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 $... ?