Use the following information to calculate an Ideal Average Room Rate Formula: The New York Metropolis Lodge has 350 rooms. There are three categories of rooms; 200 are standard rooms that sell for $80 (and $90 double occupancy) ; 100 are city deluxe rooms that sell for $110 (and $125 double occupancy) ; 50 are executive parlors that sell for $145 (and $165 double occupancy) . Calculate the rate assuming a 30 percent double occupancy rate:
A) $85.00
B) $105.56
C) $101.71
D) $97.86
E) None of the above.
Correct Answer:
Verified
Q33: A given hotel has 150 rooms. Operating
Q34: Using the traditional or building cost rate
Q35: Based upon the following information, calculate the
Q36: In regards to room rates which of
Q37: In using the ideal room rate method,
Q38: Use the following information to calculate a
Q40: All else being equal, a reservationist should
Q41: Suggesting the guest might prefer to pay
Q42: The Hubbart Room Rate Formula:
A) Erects the
Q43: Use the following data, some of which
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents