Jace's Luxury Resort is a 140 room property. Last month the hotel recorded an average rate of $55 and incurred labor costs of 40% of total room sales. The management of the hotel is estimating that the occupancy percentage for next month (30 days) will be 75%. The average room rate and the labor cost percentage will both remain unchanged. Use this information to solve the following: What is the forecasted DAILY rooms sold for the next month?

Answer rating: 100% (QA)

To calculate the forecasted daily rooms sold for the next month we need to consider the following ... View the full answer