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

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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