Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements is NOT true? A hotel owner can use ADR to price rooms daily, or set the price out for a

Which of the following statements is NOT true?
A hotel owner can use ADR to price rooms daily, or set the price out for a week, a weekend, a month, based on projections and revenue
ADR is very useful when using to compare to previous months, periods, seasons, or years to identify performance
The equation for ADR is rooms sold / rooms revenue.
ADR is one of the most useful KPIs.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Strategies For Business Decisions

Authors: Ronald Hilton, Michael Maher, Frank Selto

4th Edition

0073526800, 9780073526805

More Books

Students also viewed these General Management questions

Question

Which of the following strait separate north america from Asia ?

Answered: 1 week ago

Question

Highest peak as well as active volcano of North America?

Answered: 1 week ago

Question

Which is the largest fresh water leak in the world?

Answered: 1 week ago

Question

Which north american country known as the sugar bowl of the world?

Answered: 1 week ago