QUESTION 17 Correct all answers to the nearest whole number; no need to write down the...

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QUESTION 17 Correct all answers to the nearest whole number; no need to write down the $ sign and the thousand separator. e.g. if your answer is $1,999.5, write down 2000 in the answer box. A resort hotel has 300 deluxe rooms and 150 suites. November is usually a busy month of the year. You are facing with 2 alternatives: Alternative 1: You charge $80 for the deluxe rooms and $150 for the suite, you will have 95% occupancy for the whole month for each type of room. What would be the total room revenue for the month? Alternative 2: If you increase your room rates by 20%, occupancy for each type of room will be 80% for the whole month. What would be the total room revenue for the month? Assume there is no change to all costs. Which alternative should you choose? If you choose alternative 1, write 1 in the answer box; if you choose alternative 2, write 2 in the answer box? QUESTION 17 Correct all answers to the nearest whole number; no need to write down the $ sign and the thousand separator. e.g. if your answer is $1,999.5, write down 2000 in the answer box. A resort hotel has 300 deluxe rooms and 150 suites. November is usually a busy month of the year. You are facing with 2 alternatives: Alternative 1: You charge $80 for the deluxe rooms and $150 for the suite, you will have 95% occupancy for the whole month for each type of room. What would be the total room revenue for the month? Alternative 2: If you increase your room rates by 20%, occupancy for each type of room will be 80% for the whole month. What would be the total room revenue for the month? Assume there is no change to all costs. Which alternative should you choose? If you choose alternative 1, write 1 in the answer box; if you choose alternative 2, write 2 in the answer box?

Answer rating: 100% (QA)

ANSWER Lets calculate the total room revenue for each alternative Alternat... View the full answer