Question: Question A3 It is a common practice to calculate the occupancy rate and average daily rate for all types of hotels to evaluate their daily

Question A3 It is a common practice to calculate

Question A3 It is a common practice to calculate the occupancy rate and average daily rate for all types of hotels to evaluate their daily performance. Castle Hotel has 484 guestrooms. 328 rooms were occupied last night, which generated HK$238,000 in total. The occupancy rate of its competitor, 330-room Hotel Picasso, was 72.7% with HK$169,800 generated last night. (a) Calculate the occupancy rate and average daily rate (round up to one decimal place) for Castle Hotel last night with the corresponding calculation formula and steps. (6 marks) (b) Mr. Wilkinson, the General Manager of Castle Hotel would like to compare his hotel's last night performance with Hotel Picasso. Suggest a way to Mr. Wilkinson for making a comparison effectively. (1 mark) (c) Apply the suggestion you have made in Question A3(b) to both Castle Hotel and Hotel Picasso (round up to one decimal place) and indicate which hotel had a better performance last night

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