Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Utilization Rate Stop-N-Stay and Paradise Inn operate motels across the northwest. Operating data for each chain are as follows: Hotels Rooms Per Hotel Toal Rooms
Utilization Rate
Stop-N-Stay and Paradise Inn operate motels across the northwest. Operating data for each chain are as follows:
Hotels | Rooms Per Hotel | Toal Rooms | |
Stop-N-Stay | 50 | 180 | 9,000 |
Paradise Inn | 60 | 175 | 10,500 |
Room Nights Occupied | Average Daily Room Rates | |
Stop-N-Stay | 239,940 | $125 |
Paradise Inn | 292,950 | $95 |
Determine the occupancy Rate for Stop-N-Stay for August ______%
Determine the occupancy rate for Paradise Inn for August______%
Determine the total room revenue for each chain for August.
Stop-N-Stay $_____
Paradise Inn $_____
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