Question: 09. Answer the question based on the following information A 250-room hotel is predicted to generate room revenue of 175.5 per available room for the

09. Answer the question based on the following

09. Answer the question based on the following information A 250-room hotel is predicted to generate room revenue of 175.5 per available room for the following year. Assume the occupancy is 80%. There are single rooms and double rooms in this hotel and hotel is predicting that the double occupancy will reach 40% and price spread between single rate and double rate is $5. What is the predicted double room rate for the following year

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