Question: Q9. 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

Q9. 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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