Joel is the RM for the City Center Plaza hotel. He knows that under his franchise agreement, he pays an 8 percent franchise fee and 3 percent marketing fee on all revenue generated from room sales. Additional fees for using the hotel’s CRS are $2.00 per each room reserved. Internet service provider (IDS) related charges paid by the hotel for rooms sold through Internet sites including uberhothotels.com are $10.00 per room sold. Given this information, help Joel complete the revenue estimate worksheet presented below. Net ADR Yield Estimate Worksheet: City Center Plaza Distribution Channel Group rooms Third-party merchant Rooms sold 80 100 Standard rate $185 $160 Gross revenue Franchise fee (8%) Franchise marketing fee (3%) Franchisor's CRS fee ($2 per room) IDS fee Net total revenue Net ADR yield
Joel is the RM for the City Center Plaza hotel. He knows that under his franchise agreement, he pays an 8 percent franchise fee and 3 percent marketing fee on all revenue generated from room sales. Additional fees for using the hotel’s CRS are $2.00 per each room reserved. Internet service provider (IDS) related charges paid by the hotel for rooms sold through Internet sites including uberhothotels.com are $10.00 per room sold. Given this information, help Joel complete the revenue estimate worksheet presented below.
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Net ADR Yield Estimate Worksheet: City Center Plaza |
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Distribution Channel |
Group rooms |
Third-party merchant |
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Rooms sold |
80 |
100 |
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Standard rate |
$185 |
$160 |
|
Gross revenue |
|
|
|
Franchise fee (8%) |
|
|
|
Franchise marketing fee (3%) |
|
|
|
Franchisor's CRS fee ($2 per room) |
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|
|
IDS fee |
|
|
|
Net total revenue |
|
|
|
Net ADR yield |
|
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