Which of the following will increase revenue per available room? Select one: a. Decrease of the...
Homework Answers
Option B------- Increase of ADR when demand for rooms is high
Revenue per available room will increase with the increase of ADR ( Average Daily Rate of room)when demand for rooms is high .
Rooms Revenue Earned= ADR* Number of rooms sold
ADR is directly proportional to Rooms revenue earned, as ADR increases, Rooms revenue increases.Number of Rooms sold is high when demand is high.
Add Answer to:
Which of the following will increase revenue per available
room?
Select one:
a. Decrease of the...
a. When a hotel's room revenue forecasts are consistently and unrealistically too low they... A. cause...
a. When a hotel's room revenue forecasts are consistently and unrealistically too low they... A. cause unrealistic high profit expectations by the hotel's owners. B. result in over-aggressive room rate determinations and rates that are set too high. C. result in under-aggressive room rate determinations and rates that are set too low. D. produce budgeting / spending errors by overstating anticipated revenues. b. A restaurant manager served 3,000 guests last January. For this coming January, they predict a decrease in...
Shawn, a Revenue Manager of 500-room Hotel CUHK, would like to compare two approaches (single vs....
Shawn, a Revenue Manager of 500-room Hotel CUHK, would like to compare two approaches (single vs. three-price) of hotel room pricing. ADR RexPAR GOPPAR Room Sold 200 Room Revenue Pricing Price Level Strategy Single HK$4,000 Price Three Low - HK$2000 Price Regular - HK$4,000 High - HK$5,000 (Total) % change between the two approaches (use Single-Price Approach as the base) 100 100 | 100 300 a) Assume management controllable expense is HK$150 per room and non-rooms operating revenue is HK$500...
If an 8% decrease in price leads to a 4% increase in the quantity demanded of...
If an 8% decrease in price leads to a 4% increase in the quantity demanded of the good, as a result of the price change, the total revenue for this product will: a) decrease b) increase c) not change d) double If a 12% increase in price leads to a 6% decrease in quantity demanded of the good, as a result of the price change, the total revenue for the product will: a) not change b) decrease c) increase d)...
a. When an operation's total fixed and variable costs... A. are greater than its revenue, the...
a. When an operation's total fixed and variable costs... A. are greater than its revenue, the breakeven point has been reached. B. are less than its revenue, the breakeven point has been reached. C. equal to its opportunity costs, the breakeven point has been reached. D. equal its revenue, the breakeven point has been reached/ b. A regional director of marketing allocated their $12,000 per month salary to three properties that they are responsible for. The allocation is based upon...
1. A hotel in Mission Bay charges $275 per room in during the summer tourist season...
1. A hotel in Mission Bay charges $275 per room in during the summer tourist season and $89 during the winter months. The number of rooms and operating costs for the hotel don’t change, whether it is summer or winter. This increase in price indicates a. a rightward shift in the demand in the summer. b. a rightward shift in demand in the winter. c. a leftward shift in the supply curve in the summer. d. a leftward shift in...
1. A hotel in Mission Bay charges $275 per room in during the summer tourist season...
1. A hotel in Mission Bay charges $275 per room in during the summer tourist season and $89 during the winter months. The number of rooms and operating costs for the hotel don't change, whether it is summer or winter. This increase in price indicates a. a rightward shift in the demand in the summer. b. a rightward shift in demand in the winter. c. a leftward shift in the supply curve in the summer. d. a leftward shift in...
Q1. Sarah has decided to spend always $200 on clothing per month. Which one of the...
Q1. Sarah has decided to spend always $200 on clothing
per month. Which one of the statements below is true?
A. Sarah’s price elasticity of demand is one because she is
maintaining her clothing expenditures as a constant fraction of the
price.
B. Sarah’s income elasticity of demand is equal to zero because her
clothing expenditure does not depend on the price.
C. Sarah’s income elasticity of demand is infinite because she is
willing to spend a huge amount of...
Which of the following bond option positions increase in value when interest rates decrease? Select one:...
Which of the following bond option positions increase in value when interest rates decrease? Select one: O a. Long call; written put O b. Long put; written call O c. Written put; written call O d. Long put; long call
Which of the following actions will increase the energy of an object? Select one: a. Lifting...
Which of the following actions will increase the energy of an object? Select one: a. Lifting it from the ground and placing it on a shelf b. Increasing its velocity by throwing it across the room c. Stretching or compressing the object d. All of these actions will increase the energy of an object
sticity of demand for its ). What happens to Steven's Soup it increases the price of...
sticity of demand for its ). What happens to Steven's Soup it increases the price of its canned soup? b. It falls by 162 percent. es by 1.62 percent. d. It rises. reduce your daily rates by 20 percent. However, y at you own a small boutique hotel. In an attempt to raise revenue you this indicate about the demand for your boutique hotel rooms y rates by 20 percent. However, your revenue falls. What does a. The demand curve...
Shawn, a Revenue Manager of 500-room Hotel CUHK, would like to compare two approaches (single vs. three-price) of hotel room pricing. ADR RexPAR GOPPAR Room Sold 200 Room Revenue Pricing Price Level Strategy Single HK$4,000 Price Three Low - HK$2000 Price Regular - HK$4,000 High - HK$5,000 (Total) % change between the two approaches (use Single-Price Approach as the base) 100 100 | 100 300 a) Assume management controllable expense is HK$150 per room and non-rooms operating revenue is HK$500...
1. A hotel in Mission Bay charges $275 per room in during the summer tourist season and $89 during the winter months. The number of rooms and operating costs for the hotel don't change, whether it is summer or winter. This increase in price indicates a. a rightward shift in the demand in the summer. b. a rightward shift in demand in the winter. c. a leftward shift in the supply curve in the summer. d. a leftward shift in...
Q1. Sarah has decided to spend always $200 on clothing
per month. Which one of the statements below is true?
A. Sarah’s price elasticity of demand is one because she is
maintaining her clothing expenditures as a constant fraction of the
price.
B. Sarah’s income elasticity of demand is equal to zero because her
clothing expenditure does not depend on the price.
C. Sarah’s income elasticity of demand is infinite because she is
willing to spend a huge amount of...
Which of the following bond option positions increase in value when interest rates decrease? Select one: O a. Long call; written put O b. Long put; written call O c. Written put; written call O d. Long put; long call
sticity of demand for its ). What happens to Steven's Soup it increases the price of its canned soup? b. It falls by 162 percent. es by 1.62 percent. d. It rises. reduce your daily rates by 20 percent. However, y at you own a small boutique hotel. In an attempt to raise revenue you this indicate about the demand for your boutique hotel rooms y rates by 20 percent. However, your revenue falls. What does a. The demand curve...
Most questions answered within 3 hours.
-
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 9 minutes ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 33 minutes ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 1 hour ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 2 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 2 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 2 hours ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 3 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 4 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 5 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 5 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 5 hours ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 5 hours ago