Lea Ray is the revenue manager at the 200-room Hilton Garden Inn. She tracks her occupancy and ADR on a daily basis. The following data represent her hotel’s Thursday night performance for the past seven weeks. ThursdayWeek 1Week 2Week 3Week 4Week 5Week 6Week 7 Occ. %69.573.566.572.072.569.077.0 ADR$151.50$145.95$161.50$178.50$179.95$129.95$159.95 Using that historical data, calculate her Occupancy %, ADR, and RevPAR for these trailing periods:Note: Round each number to the nearest tenth

Occupancy rate can be termed as the percentage or proportion of the rooms which are occupied in the…

Answered: Lea Ray is the revenue manager at the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Lea Ray is the revenue manager at the 200-room Hilton Garden Inn. She tracks her occupancy and ADR on a daily basis. The following data represent her hotel’s Thursday night performance for the past seven weeks.

Thursday	Week 1	Week 2	Week 3	Week 4	Week 5	Week 6	Week 7
Occ. %	69.5	73.5	66.5	72.0	72.5	69.0	77.0
ADR	$151.50	$145.95	$161.50	$178.50	$179.95	$129.95	$159.95

Using that historical data, calculate her Occupancy %, ADR, and RevPAR for these trailing periods:

Note: Round each number to the nearest tenth

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