A hotel achieved an occupancy rate of 80% this month.This month the hotel's competitive set achieved an occupancy rate of 64%.What is the hotel's occupancy index for this month?

Question

Quizplus · Accepted Answer

The hotel's occupancy index is calculated by dividing the hotel's occupancy rate by its competitive set's occupancy rate and then multiplying by 100. So, $ \frac{80}{64} \times 100 = 125 $.

A Hotel Achieved an Occupancy Rate of 80% This Month