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Utilization Rate Stop-N-Stay and Paradise Inn operate motels across the northwest. Operating data for each chain are as follows: Hotels Rooms per Hotel Total Rooms 9,000 Stop-N-Stay 50 Paradise Inn 60 180 175 For August, each chain reported the following: Room Nights Average Daily Occupied Room Rate Stop-N-Stay 239,940 Paradise Inn 292,950 % $125 $95 1. Determine the occupancy rate for Stop-N-Stay for August. % 10,500 2. Determine the occupancy rate for Paradise Inn for August. 3. Determine the total room revenue for each chain for August. Stop-N-Stay $ Paradise Inn $ 4. Compare and comment on the operating results for each chain. a higher occupancy rate. has a higher average daily room rate. higher daily room rate offsets the effects of the lower occupancy rate

Utilization Rate Stop-N-Stay and Paradise Inn operate motels across the northwest. Operating data for each chain are as follows: Hotels Rooms per Hotel Total Rooms 9,000 Stop-N-Stay 50 Paradise Inn 60 180 175 For August, each chain reported the following: Room Nights Average Daily Occupied Room Rate Stop-N-Stay 239,940 Paradise Inn 292,950 % $125 $95 1. Determine the occupancy rate for Stop-N-Stay for August. % 10,500 2. Determine the occupancy rate for Paradise Inn for August. 3. Determine the total room revenue for each chain for August. Stop-N-Stay $ Paradise Inn $ 4. Compare and comment on the operating results for each chain. a higher occupancy rate. has a higher average daily room rate. higher daily room rate offsets the effects of the lower occupancy rate

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Print Item Question Content Area Utilization Rate Stop-N-Stay and Paradise Inn operate motels across the northwest. Operating data for each chain are as follows: Hotels Rooms per Hotel Total Rooms Stop-N-Stay 50 180 9,000 Paradise Inn 60 175 10,500 For August, each chain reported the following: Room Nights Occupied Average Daily Room Rate Stop-N-Stay 239,940 $125 Paradise Inn 292,950 $ 95 1. Determine the occupancy rate for Stop-N-Stay for August. fill in the blank 1 % 2. Determine the occupancy rate for Paradise Inn for August. fill in the blank 2 % 3. Determine the total room revenue for each chain for August. Stop-N-Stay $fill in the blank 3 Paradise Inn $fill in the blank 4 4. Compare and comment on the operating results for each chain. a higher occupancy rate. has a higher average daily room rate. higher daily room rate offsets the effects of the lower occupancy rate
Utilization Rate Stop-N-Stay and Paradise Inn operate motels across the northwest. Operating data for each chain are as follows: Stop-N-Stay 50 Paradise Inn 60 Hotels Rooms per Hotel Total Rooms Stop-N-Stay Paradise Inn For August, each chain reported the following: Room Nights Average Daily Occupied Room Rate 239,940 292,950 180 % 175 % $125 $ 95 9,000 10,500 1. Determine the occupancy rate for Stop-N-Stay for August. 2. Determine the occupancy rate for Paradise Inn for August. 3. Determine the total room revenue for each chain for August. Stop-N-Stay $ Paradise Inn $ 4. Compare and comment on the operating results for each chain. a higher occupancy rate. has a higher average daily room rate. higher daily room rate offsets the effects of the lower occupancy rate
Transcribed Image Text:Utilization Rate Stop-N-Stay and Paradise Inn operate motels across the northwest. Operating data for each chain are as follows: Stop-N-Stay 50 Paradise Inn 60 Hotels Rooms per Hotel Total Rooms Stop-N-Stay Paradise Inn For August, each chain reported the following: Room Nights Average Daily Occupied Room Rate 239,940 292,950 180 % 175 % $125 $ 95 9,000 10,500 1. Determine the occupancy rate for Stop-N-Stay for August. 2. Determine the occupancy rate for Paradise Inn for August. 3. Determine the total room revenue for each chain for August. Stop-N-Stay $ Paradise Inn $ 4. Compare and comment on the operating results for each chain. a higher occupancy rate. has a higher average daily room rate. higher daily room rate offsets the effects of the lower occupancy rate
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