A study done by the largest hotel in the village has shown that skiers spend on average
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A study done by the largest hotel in the village has shown that skiers spend on average $50 per person on the first day and $30 per person on each additional day in local restaurants. The study also forecasts that – due to increased hotel prices – the average length of stay for the 2014/2015 season will be reduced to five days. What will be the percentage change in revenues of local restaurants compared to last year (when skiers still stayed for 10 days)? Assume that hotels continue to be fully booked!
Related Book For
Matching Supply With Demand An Introduction To Operations Management
ISBN: 169608
5th Edition
Authors: Gerard Cachon, Christian Terwiesch
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