Stay-4-Ever is a small motel chain with locations in the northeastern United States. The chain has a total of 200 rooms. The following operating data are available for July: Number of Guests. Nights per Visit Guest Nights 1,600 1 1,600 750 2 1,500 275 3 825 80 4 320 19 5 95 Determine the guest nights for July. Determine the available room nights for July. Determine the occupancy rate for July. Assume that the occupancy rate for July of the prior year was 75%. Has the utilization rate for Stay-4-Ever improved or declined?
Stay-4-Ever is a small motel chain with locations in the northeastern United States. The chain has a total of 200 rooms. The following operating data are available for July: Number of Guests. Nights per Visit Guest Nights 1,600 1 1,600 750 2 1,500 275 3 825 80 4 320 19 5 95 Determine the guest nights for July. Determine the available room nights for July. Determine the occupancy rate for July. Assume that the occupancy rate for July of the prior year was 75%. Has the utilization rate for Stay-4-Ever improved or declined?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Stay-4-Ever is a small motel chain with locations in the northeastern United States. The chain has a total of 200 rooms. The following operating data are available for July:
Number of Guests. Nights per Visit Guest Nights
1,600 1 1,600
750 2 1,500
275 3 825
80 4 320
19 5 95
- Determine the guest nights for July.
- Determine the available room nights for July.
- Determine the occupancy rate for July.
- Assume that the occupancy rate for July of the prior year was 75%. Has the utilization rate for Stay-4-Ever improved or declined?
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