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 Total Rooms Stop-N-Stay 50 180 9,000 Paradise Inn 60 175 10,500 For August, each chain reported the following: Room Nights Average Daily Occupied Room Rate Stop-N-Stay 239,940 $125 Paradise Inn 292,950 $ 95 1. Determine the occupancy rate for Stop-N-Stay for August. % 2. Determine the occupancy rate for Paradise Inn for August. % 3. Determine the total room revenue for each chain for August. Stop-N-Stay $ Paradise Inn $ 4. Compare and comment on the operating results for each chain. a higher occupancy rate. has a higher average daily room rate. higher daily room rate offsets the effects of the lower occupancy rate