The ABC is an upscale independent hotel that caters to both business and leisure travelers. On...
The ABC is an upscale independent hotel that caters to both
business and leisure travelers. On average, one-third of the guests
checking in each day are leisure travelers. Leisure travelers
generally stay for 6 nights, while business customers generally
stay for 2 nights. On an average day, 150 guests check into the ABC
hotel. The average business traveler pays a rate of $200 per night,
while leisure traveler pays an average of $160 per night. Assume 30
days per month.
On average, how many guests of leisure type are in the hotel on any
given day?
On average, how many guests of business type are in the hotel on any given day?
How many times per month does the hotel turn over its inventory of leisure type customers?
How many times per month does the hotel turn over its inventory of business type customers?
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