Based upon the following information, calculate the ideal room rate: The hotel has 150 rooms (75 kings at $90 single and $100 double, 50 deluxe kings at $110 single and $125 double, and 25 mini-suites at $150 single and $170 double) . The double occupancy rate is projected at 20%. What is the ideal rate?
A) $21.87
B) $109.00
C) $106.67
D) $164.33
E) None of the above are the correct answer
Correct Answer:
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