The Evanstonian is an upscale independent hotel that caters to both business and leisure travelers. On aver-age,
Question:
a. On an average day, 135 guests check into The Evanstonian. On average, how many guests of each type are in the hotel on any given day?
b. How many times per month does the hotel turn over its inventory of guests (assume 30 days per month)?
c. The average business traveler pays a rate of $ 250 per night, while leisure travelers pay an average rate of $ 210 per night. What is the average revenue The Evanstonian receives per night per occupied room?
Fantastic news! We've located the answer you've been seeking!
Step by Step Answer:
Related Book For
Managing Business Process Flows Principles of Operations Management
ISBN: 978-0136036371
3rd edition
Authors: Ravi Anupindi, Sunil Chopra, Sudhakar Deshmukh, Jan Van Mieg
Question Posted: