Question

Problem 1 (THINK) A hotel has 140 rooms. Average room rate is $80.00. Total room revenue for the month of September is $240,000. Calculate: 1. Occupancy rate for September 2. Average room revenue for occupied room per day 3. Average number of rooms occupied per day 4. Average room revenue for total number of rooms per day

Answer 1

Statement showing Computations
Particulars	Amount
Total room revenue	240,000.00
Room Rate	80.00
No of room occupancy days= 240,000/80	3,000.00
Total room days in the period = 140*30	4,200.00
1) Occupancy rate = 3000/4200	71.43%
2) Average room revenue for occupied room per day = 240,000/30	8,000.00
3) average no of rooms occupied per day = 3000/30	100.00
4) Average room revenue for total number of rooms per day = 140*80	11,200.00