The BestRate Hotel was recently constructed, and it cost $60,000,000 to build. The BestRate Hotel is open
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Question:
Answer the questions below, using two decimal places where necessary.
According to the rule of thousands, what is the required ADR?
What is the total number of room nights forecast to be sold in the upcoming year?
What is the required rooms revenue per day in the upcoming year?
How many square metres will be occupied per day?
What is the required revenue per square metre?
Based on the relative room size approach to rate setting, what is the required average rate for a deluxe room?
Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
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