What is the ADR for a four day period given the following information? Day 1: Revenue=$60,000;...
What is the ADR for a four day period given the following information?
Day 1: Revenue=$60,000; Rooms sold=200
Day 2: Revenue=$96,000; Rooms sold=300
Day 3: Revenue =$70,000; Room sold = 250
Day 4: Revenue =$75,000; Rooms sold = 250
a. $301.00
b. $310.00
c. $280.00
d. $320.00
Homework Answers
PLEASE RATE POSITIVE IF YOU LIKE MY ANSWER TO PROTECT MY EMPLOYMENT
Total revenue = $ 60,000 + 96000+70000+75000 = $301,000
Total rooms sold = 200+300+250+250 = 1,000
Therefore ADR = $301,000/1,000 = $301
Hence option(a) is the correct answer
Add Answer to:
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Given the information below, which was acquired from a hotel
property with 350 rooms, calculate seven-day ADR average.
a. $111
b. $123
c. $115
d. $119
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I input all the choices to give an idea of what they're asking
and have no idea if they are correct.
9. Application: Elasticity and hotel rooms The following graph input tool shows the daily demand for hotel rooms at the Peacock Hotel and Casino in Las Vegas, Nevada. To help the hotel management better understand the market, an economist identified three primary factors that affect the demand for rooms each night. These demand factors, along with the values corresponding...
27. Given the following information, what production levels are required during periods 1, 2, and 3 to maintain a finished inventory level of 250 units? Period Forecast 0 1 2 3 500 300 ? 750 Production ? Finished Inventory 150 (a) 500, 300, 750 (b) 550, 550, 550 (c) 600,300,750 250 250 250 (d) 300, 300, 300 (e) 600, 200, 700 28. A bank processed 2500 loan forms in 525 hours. The bank employee earns $18.00 per hour, and each...
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