Casa Vana Inn has 500 guest rooms, has an ADR of $110 per room, and is currently operating at an 80% average occupancy. The hotel offers 200 one-bed and 300 two-bed guestrooms. Management has established single and double rack rates for each room type. Any one-bed room as a single at $100; as a double, it sells for $120. Any two-bedroom sold as a single is priced at $115; as a double sell for $ 130. Hint:(Assume Casa Vana 210 of 400 rooms sold at 70% occupancy) 1. Potential Average Single Rate 2. Potential Average Double Rate 3. Multiple Occupancy Percentage 4. Rate Spread 5. Potential Avg. Rate 6. Room rate achievement factor 7. Yield Statistic
Casa Vana Inn has 500 guest rooms, has an ADR of $110 per room, and is currently operating at an 80% average occupancy. The hotel offers 200 one-bed and 300 two-bed guestrooms. Management has established single and double rack rates for each room type. Any one-bed room as a single at $100; as a double, it sells for $120. Any two-bedroom sold as a single is priced at $115; as a double sell for $ 130.
Hint:(Assume Casa Vana 210 of 400 rooms sold at 70% occupancy)
1. Potential Average Single Rate
2. Potential Average Double Rate
3. Multiple Occupancy Percentage
4. Rate Spread
5. Potential Avg. Rate
6. Room rate achievement factor
7. Yield Statistic
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