Use the rule of thumb method to find out what the average room rate should be for a 300-room hotel, costing $25 million. Once you find the average room rate, assume that an occupancy of 78% is expected and double occupancy rate is 44% with a price difference between singles and doubles of $15 (the hotel has 150 double rooms and 150 single rooms), find the rate for double rooms and the rate for single rooms
Use the rule of thumb method to find out what the average room rate should be for a 300-room hotel, costing $25 million. Once you find the average room rate, assume that an occupancy of 78% is expected and double occupancy rate is 44% with a price difference between singles and doubles of $15 (the hotel has 150 double rooms and 150 single rooms), find the rate for double rooms and the rate for single rooms
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter12: Quadratic Functions
Section12.8: Joint And Combined Variation
Problem 11P
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Use the rule of thumb method to find out what the average room rate should be for a 300-room hotel, costing $25 million. Once you find the average room rate, assume that an occupancy of 78% is expected and double occupancy rate is 44% with a price difference between singles and doubles of $15 (the hotel has 150 double rooms and 150 single rooms), find the rate for double rooms and the rate for single rooms.
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