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Notifications U My solutions Expert Q&A Home Chegg Time Left: 00:09:08 Student question The table below summarizes September 20223 financial performance by two market segments. The dates highlighted in orange indicate occupancy higher than 90%. Please find the correct statement about the data analysis based on the table. Market segment 1 shows pattern of peak on Weekdays. Market segment 2 shows a pattern of peak on Weekends. Based on the demand pattern, Market Segment 2 could be leisure travelers. Most guests in the market segment 2 are less price sensitive than those in the market segment 1 Market Segment 1 Room Revenue Segment 2 Room Revenu Room Sold Fri 9/1/23 93% 297.6 84,504 16 297.4 89 216 Sat apm 167 97% 309.4 89,738 10 3% 299 A 2.99 300 100% 309.1 92.733 Sun 223 18 6% 198.4 3,571 64,400 218 73% 311.8 67971 Mon 9/4/23 10 S 267.8 2,678 255 266.5 67,946 9521 65 3% 397.8 3,580 300 hand 386.1 115,819 AKA 2 345.1 690 300 100% 292.4 87.706 som 1 333.3 11,333 288 N 322.8 92,969 vam 524 359.7 99,637 295 98% 359.0 105,910 Sat 9/9/23 B Met 397.9 118,176 2 1% 355.1 710 200 100% 397.6 118,887 Sun 9000 08 My 197.8 189 63% 326.0 61.614 6006 315.4 64,977 Man 9/11/23 211.0 351.0 90,909 sow 2468 92,597 O Market segment 1 shows pattern of peak on Weekdays. O Market segment 2 shows a pattern of peak on Weekends. O Based on the demand pattern, Market Segment 2 could be leisure travelers. O Most guests in the market segment 2 are less price sensitive than those in the market segment 1. Exit Start Solving Skip question 3 K

Notifications U My solutions Expert Q&A Home Chegg Time Left: 00:09:08 Student question The table below summarizes September 20223 financial performance by two market segments. The dates highlighted in orange indicate occupancy higher than 90%. Please find the correct statement about the data analysis based on the table. Market segment 1 shows pattern of peak on Weekdays. Market segment 2 shows a pattern of peak on Weekends. Based on the demand pattern, Market Segment 2 could be leisure travelers. Most guests in the market segment 2 are less price sensitive than those in the market segment 1 Market Segment 1 Room Revenue Segment 2 Room Revenu Room Sold Fri 9/1/23 93% 297.6 84,504 16 297.4 89 216 Sat apm 167 97% 309.4 89,738 10 3% 299 A 2.99 300 100% 309.1 92.733 Sun 223 18 6% 198.4 3,571 64,400 218 73% 311.8 67971 Mon 9/4/23 10 S 267.8 2,678 255 266.5 67,946 9521 65 3% 397.8 3,580 300 hand 386.1 115,819 AKA 2 345.1 690 300 100% 292.4 87.706 som 1 333.3 11,333 288 N 322.8 92,969 vam 524 359.7 99,637 295 98% 359.0 105,910 Sat 9/9/23 B Met 397.9 118,176 2 1% 355.1 710 200 100% 397.6 118,887 Sun 9000 08 My 197.8 189 63% 326.0 61.614 6006 315.4 64,977 Man 9/11/23 211.0 351.0 90,909 sow 2468 92,597 O Market segment 1 shows pattern of peak on Weekdays. O Market segment 2 shows a pattern of peak on Weekends. O Based on the demand pattern, Market Segment 2 could be leisure travelers. O Most guests in the market segment 2 are less price sensitive than those in the market segment 1. Exit Start Solving Skip question 3 K

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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The table below summarizes September 20223 financial performance by two market segments. The dates highlighted in orange indicate occupancy higher than 90% Please find the correct statement about the data analysis based on the table. Market segment 1 shows pattern of peak on Weekdays. Market segment 2 shows a pattern of peak on Weekends. Based on the demand pattern, Market Segment 2 could be leisure travelers. Most guests in the market segment 2 are less price sensitive than those in the market segment 1. 

66 6:20 6.20 ... Notifications & Expert Q&A My solutions Home Chegg Time Left: 00:09:08 Student question The table below summarizes September 20223 financial performance by two market segments. The dates highlighted in orange indicate occupancy higher than 90%. Please find the correct statement about the data analysis based on the table. Market segment 1 shows pattern of peak on Weekdays. Market segment 2 shows a pattern of peak on Weekends. Based on the demand pattern, Market Segment 2 could be leisure travelers. Most guests in the market segment 2 are less price sensitive than those in the market segment 1. 29 Room Sold Occupancy ARR Market Segment 1 Room Revenue Room Sold Occupancy ADR Market Segment 2 Room Revenue Total Room Sold Occupancy ADR Room Revenue Fri 9/1/23 284 95% 297.6 84,504 16 5% 294.5 4,712 300 100% 297.4 89,216 Sat 9/2/23 290 97% 309.4 89,738 10 3% 299.4 2,994 300 100% 309.1 92.732 Sun 9/3/23 18 6% 198.4 3,571 200 67% 322.0 64,400 218 73% 311.8 67,971 Mon 9/4/23 10 3% 267.8 2,678 245 82% 266.4 65,268 255 85% 266.5 67,946 Tue 9/5/23 9 3% 397.8 3,580 291 97% 385.7 112,239 300 100% 386.1 115,819 Wed 9/6/23 2 1% 345.1 690 298 99% 292.0 87,016 300 100% 292.4 87.706 Thu 9/7/23 34 11% 333.3 11,333 254 85% 321.4 81,636 96% 322.8 92.969 Fri 9/8/23 277 92% 359.7 99,637 18 6% 348.5 6.273 295 98% 359.0 105.910 Sat 9/9/23 297 99% 397.9 118.176 2 1% 355.1 710 299 100% 397.6 118.887 Sun 9/10/23 17 %69 197.8 3,363 189 63% 326.0 61,614 206 69% 64,977 Man 9/11/23 3% 211.0 1,688 259 86% 351.0 90,909 267 89% 346.8 92,597 O Market segment 1 shows pattern of peak on Weekdays. O Market segment 2 shows a pattern of peak on Weekends. Based on the demand pattern, Market Segment 2 could be leisure travelers. Most guests in the market segment 2 are less price sensitive than those in the market segment 1. Exit Start Solving (Skip question G |||
Transcribed Image Text:66 6:20 6.20 ... Notifications & Expert Q&A My solutions Home Chegg Time Left: 00:09:08 Student question The table below summarizes September 20223 financial performance by two market segments. The dates highlighted in orange indicate occupancy higher than 90%. Please find the correct statement about the data analysis based on the table. Market segment 1 shows pattern of peak on Weekdays. Market segment 2 shows a pattern of peak on Weekends. Based on the demand pattern, Market Segment 2 could be leisure travelers. Most guests in the market segment 2 are less price sensitive than those in the market segment 1. 29 Room Sold Occupancy ARR Market Segment 1 Room Revenue Room Sold Occupancy ADR Market Segment 2 Room Revenue Total Room Sold Occupancy ADR Room Revenue Fri 9/1/23 284 95% 297.6 84,504 16 5% 294.5 4,712 300 100% 297.4 89,216 Sat 9/2/23 290 97% 309.4 89,738 10 3% 299.4 2,994 300 100% 309.1 92.732 Sun 9/3/23 18 6% 198.4 3,571 200 67% 322.0 64,400 218 73% 311.8 67,971 Mon 9/4/23 10 3% 267.8 2,678 245 82% 266.4 65,268 255 85% 266.5 67,946 Tue 9/5/23 9 3% 397.8 3,580 291 97% 385.7 112,239 300 100% 386.1 115,819 Wed 9/6/23 2 1% 345.1 690 298 99% 292.0 87,016 300 100% 292.4 87.706 Thu 9/7/23 34 11% 333.3 11,333 254 85% 321.4 81,636 96% 322.8 92.969 Fri 9/8/23 277 92% 359.7 99,637 18 6% 348.5 6.273 295 98% 359.0 105.910 Sat 9/9/23 297 99% 397.9 118.176 2 1% 355.1 710 299 100% 397.6 118.887 Sun 9/10/23 17 %69 197.8 3,363 189 63% 326.0 61,614 206 69% 64,977 Man 9/11/23 3% 211.0 1,688 259 86% 351.0 90,909 267 89% 346.8 92,597 O Market segment 1 shows pattern of peak on Weekdays. O Market segment 2 shows a pattern of peak on Weekends. Based on the demand pattern, Market Segment 2 could be leisure travelers. Most guests in the market segment 2 are less price sensitive than those in the market segment 1. Exit Start Solving (Skip question G |||
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