Question: QUESTION 3 What does average daily rate ( ADR ) reflect in hotel revenue management? The total number of rooms sold The average revenue earned

QUESTION 3
What does "average daily rate" (ADR) reflect in hotel revenue management?
The total number of rooms sold
The average revenue earned per occupied room per day
The total operational costs
The guest satisfaction level
QUESTION 3 What does "average daily rate" ( ADR )

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The following are the sales indicators to determine the hotel's success. Calculate the following: 1. Occupancy Percentage a. If a hotel sold 350 of its 790 rooms, what is its hotel occupancy...

Q:

Profit Maximization: TR - TC $1,800 1,700 Break-even point 1.600 Total revenue (normal profit) $ 1.500 (TR) 1.400 MR= ML 21.300 Total cost 2 1,200 Maximum 1,100 economic (FC) 61,000 profit 900 $299...

Q:

U . S . Hotel Industry Performance Learning Outcomes: Working on the case study will assist students in developing the following student learning outcomes. 1 . Name key hotel performance metrics; 2 ....

Q:

Create an introduction as well as a conclusion for the following below Purpose of motivation in the workplace The concept of motivation has a central position across the field of psychology....

Q:

Please read the case and answer the following questions for this case: Briefly analyze each of the business models for the industry analysis (Porter's 5 Forces, the 4'p of marketing, the PLC model,...

Q:

Basis below case , kindly answer ; Question to be Answered : What will be the best exit option for Nigel and Tammy if they decide to do so? Should We Stay or Should We Go? The Case of the Adventure...

Q:

Lone Star Lodging INTRODUCTION Sitting at his desk reviewing the results of the last year, Jack Smith reflected on his second year as General Manager of the Lone Star Motel. Next week is the Regional...

Q:

first five picture are material for solution. rest of are budget questions... B D 1 2 Crown Hotel Operating Budget for Quarter ending on September 30, 2020 3 4. Aug Sep 5 6 7 Sales Rooms: Days...

Q:

Lone Star Lodging INTRODUCTION Sitting at his desk reviewing the results of the last year, Jack Smith reflected on his second year as General Manager of the Lone Star Motel. Next week is the Regional...

Q:

Refer to the USCA. What is the definition of a "digital audio recording device" under the copyright law?

Q:

Agee Corp. acquired a 25% interest in Trent Co. on January 1, 2010, for $500,000. At that time, Trent had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2010, Trent paid...

Q:

6 1 . What statement is correct about cash bonds and surety bonds? a ) Surety bonds are equivalent to cash bonds b ) A cash bond is paid by money order or cash equivalent and a surety bond is...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....