Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

Question

Question

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day ADR average.

Date Occupancy (%) Revenue 10/12/13 176 23674 10/13/13 58 24157 10/14/13 64 28896 10/15/13 66 29799 10/16/13 70 31605 10/17/1

a. $111

b. $123

c. $115

d. $119

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

a.$111.

date	occupancy	number of rooms sold	Revenue
10/12/13	76%	76%*350=>266	23,674
10/13/13	58%	58%*350=>203	24,157
10/14/13	64%	64%*350=>224	28,896
10/15/13	66%	66%*350=>231	29,799
10/16/13	70%	70%*350=>245	31,605
10/17/13	78%	78%*350=>273	27,027
10/18/13	88%	88%*350=>308	30,492
		Total rooms sold =1,750	$195,650

ADR = total revenue / total room sold

=>$195,650 / 1,750

=>$111.80

Add a comment

Answer 2

Similar Homework Help Questions

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day ADR average. Date Occupancy (%) Revenue 10/12/13 76 23674 10/13/13 58 24157 10/14/13 64 28896 10/15/13 66 29799 10/16/13 70 31605 10/17/13 78 27027 10/18/13 88 30492 $111 O $123 O $115 O $119
1. Forecast demand for Year 4. a. Explain what technique you utilized to forecast your demand....

1. Forecast demand for Year 4. a. Explain what technique you utilized to forecast your demand. b. Explain why you chose this technique over others. Year 3 Year 1 Year 2 Actual Actual Actual Forecast Forecast Forecast Demand Demand Demand Week 1 52 57 63 55 66 77 Week 2 49 58 68 69 75 65 Week 3 47 50 58 65 80 74 Week 4 60 53 58 55 78 67 57 Week 5 49 57 64 76 77...
The data from data421.dat contains information on 78 seventh-grade students. We want to know how well...

The data from data421.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want to know which of these explanatory variables predicts GPA better. Give numerical measures that answer these questions. (Round your answers to three decimal places.) find:(Regressor: IQ) R 2 find: (Regressor: Self-Concept) R 2 obs gpa iq gender concept 1 7.94 103 2 54 2 8.292 111 2 73 3...

The data from data349.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score a...

The data from data349.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want to know which of these explanatory variables predicts GPA better. Give numerical measures that answer these questions. (Round your answers to three decimal places.) (Regressor: IQ) R 2 (Regressor: Self-Concept) R 2 Which variable is the better predictor? IQ Self Concept obs gpa iq gender concept 1 7.94 112 ...
The data from data95.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want t...

The data from data95.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want to know which of these explanatory variables predicts GPA better. Give numerical measures that answer these questions. (Round your answers to three decimal places.) (Regressor: IQ) R 2 : (Regressor: Self-Concept) R 2 : Which variable is the better predictor? IQSelf Concept obs gpa iq gender concept 1 7.94...
Design Column B2: KL 30, Use an HSS section, Fy 46 ksi. pe 0.9 Use table 10.5 from handout Calcul...

Answer the following blanks for design column B2 Design Column B2: KL 30, Use an HSS section, Fy 46 ksi. pe 0.9 Use table 10.5 from handout Calculate the following: Column tributary area: Artb (At2) Total column load: Pu (kips)- Column nominal Load: Pr (Kkips)- Lightest Column Section: Column Selection Table Pu (kips)- BLE 10.5 Safe Factored Loads for Selected 46-ksi Yield Stress Tube Steel Columns Effective Length (KL) in feet Area (in.2) 06 8 10 12 14 16 18...

Game_Number Winner Loser Duration 1 Jens Sven 41 2 Sven Jens 76 3 Sven Jens 156...

Game_Number Winner Loser Duration 1 Jens Sven 41 2 Sven Jens 76 3 Sven Jens 156 4 Sven Jens 151 5 Sven Jens 105 6 Jens Sven 71 7 Sven Jens 123 8 Sven Jens 111 9 Sven Jens 164 10 Sven Jens 116 11 Jens Sven 46 12 Sven Jens 88 13 Jens Sven 59 14 Jens Sven 47 15 Jens Sven 57 16 Sven Jens 108 17 Sven Jens 78 18 Sven Jens 94 19 Jens Sven 86...
Bubba's Burgers - Statistics Question

Sampled StoreDessert Orders Per 1,000 TransactionsStore 1185Store 2226Store 3290Store 4226Store 5255Store 6293Store 7138Store 8203Store 9276Store 10173Store 11275Store 12199Store 13213Store 14321Store 1597Store 16152Store 17319Store 18193Store 19126Store 20215Store 21186Store 22289Store 23181Store 24196Store 25183Store 2690Store 27178Store 28103Store 29173Store 30231Store 31158Store 32202Store 33234Store 34273Store 35218Store 36247Store 37223Store 38108Store 39238Store 40143Store 41206Store 42300Store 4389Store 44202Store 45250Store 46210Store 47137Store 48215Store 49204Store 50188Store 51255Store 52196Store 53123Store 54189Store 55206Store 56146Store 57136Store 58211Store 59164Store 60246Store 61324Store 62125Store 63195Store 64173Store 65179Store 6676Store 67248Store 68199Store 69223Store 70240Store 71224Store 72215Store 73222Store 74170Store...
33 On May 6, Jim Ryan borrowed $14,000 from Lane Bank at 7 % interest. Jim...

33 On May 6, Jim Ryan borrowed $14,000 from Lane Bank at 7 % interest. Jim plans to repay the loan on March 11. Assume the loan is on ordinary interest. How much will Jim repay on March 11? (Use Days in a year table) (Round your answer to the nearest cent.) Jm repay etbook 7-1 TABLE Exact days-in-a-year calendar (excluding leap year)" Day of month 30 31 30 31 28 31 30 31 31 30 31 31 Dec Mar...

Forecasting labour costs is a key aspect of hotel revenue management that enables hoteliers to appropriately...

Forecasting labour costs is a key aspect of hotel revenue management that enables hoteliers to appropriately allocate hotel resources and fix pricing strategies. Mary, the President of Hellenic Hoteliers Federation (HHF) is interested in investigating how labour costs (variable L_COST) relate to the number of rooms in a hotel (variable Total_Rooms). Suppose that HHF has hired you as a business analyst to develop a linear model to predict hotel labour costs based on the total number of rooms per hotel...

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

Homework Answers

Add Answer to:
Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

Post as a guest

Earn Coins

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

1. Forecast demand for Year 4. a. Explain what technique you utilized to forecast your demand....

The data from data421.dat contains information on 78 seventh-grade students. We want to know how well...

The data from data349.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score a...

The data from data95.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want t...

Design Column B2: KL 30, Use an HSS section, Fy 46 ksi. pe 0.9 Use table 10.5 from handout Calcul...

Game_Number Winner Loser Duration 1 Jens Sven 41 2 Sven Jens 76 3 Sven Jens 156...

Bubba's Burgers - Statistics Question

33 On May 6, Jim Ryan borrowed $14,000 from Lane Bank at 7 % interest. Jim...

Forecasting labour costs is a key aspect of hotel revenue management that enables hoteliers to appropriately...

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

Homework Answers

Add Answer to: Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

Post as a guest

Earn Coins

Add Answer to:
Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...