2023 Results Rooms Available Occupancy Rooms Sold Average Daily Rate Revenue ROOMS AVAILABLE
2023 Results Rooms Available Occupancy Rooms Sold Average Daily Rate Revenue ROOMS AVAILABLE
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:The Crowne Plaza in Kitchener has 238 rooms and achieved an occupancy of 68% for 2023 with an average daily rate of $158.76. They anticipate growth of 8% in
occupancy for 2024 with no change in their ADR. Using this information, calculate their rooms sold and occupancy for 2024:
2023 Results
Rooms Available
Occupancy
Rooms Sold
Average Daily Rate
Revenue
ROOMS
AVAILABLE
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