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Business
Operations Management
Occupancy Percentage   ADR (Average Daily Rate)   RevPAR (Revenue per Available Room)

Occupancy Percentage   ADR (Average Daily Rate)   RevPAR (Revenue per Available Room)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The Quality Hotel has 309 rooms. On December 10th they sold 265 rooms.  In addition, they had 1 comp.  Total room revenue for the day was $50,080.  On this day there were 4 rooms out of inventory (OOI) due to renovations.  Calculate the following for December 10th, carrying your final answers out to the 100th place:

 

Occupancy Percentage

 

ADR (Average Daily Rate)

 

RevPAR (Revenue per Available Room)

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