Jamie Lynn is the revenue manager at a 250room fullservice hotel property. Her comp set includes five
Question:
Jamie Lynn is the revenue manager at a 250‐room full‐service hotel property. Her comp set includes five full‐ and limited‐service properties:
The demand and revenue performance of Jamie Lynn's hotel for the time period of January through May are listed below.
Assume there were no changes in the number of rooms offered by the comp set or by Jayme Lynn, during the period January to May.
What was Jayme Lynn's proportion of the comp set's supply?
In which months did Jamie Lynn's occupancy rate exceed that of her comp set? _________
In which months did Jamie Lynn's ADR exceed that of her comp set? _________
Based on Jamie Lynn's January results, what room rate‐related advice would you give her?
Based on Jamie Lynn's May results, what room rate‐related advice would you give her?
Expert Answer:
SOLUTION To determine Jamie Lynns proportion of the comp sets supply we need to calculate her hotels number of rooms as a percentage of the total number of rooms in the comp set Total number of rooms ... View the full answer
