Revenue management has taken on a critical role in the hospitality industry.

You are required to use the appropriate formula to calculate the correct revenue management information. Show all your workings.

Formulas: (the four formulas below are NOT in any given order)

Actual rooms revenue

Number of available rooms

Rooms sold x Selling price

Number of rooms occupied

Number of rooms available

Rooms Revenue

Number of rooms sold

1. Calculate the total revenue for the night. Use the following information- on the 5^thJanuary 2021, a hotel with 360 rooms had an occupancy of 85%. The rooms were sold at an average of $270 (2 Marks).

2. Calculate the occupancy percentage. Use the following information - The Central Hotel has 250 rooms available to sell on any given day. 225 rooms were sold on the 4^thJanuary 2021 (2 marks).

3. Calculate the Average Daily Rate (ADR). Use the following information - The room revenue for the Central Hotel for the 6^thJanuary 2021 was $78,950 and 258 rooms were sold on the night (2 marks).

4. Calculate the revenue per available room (RevPAR) to the nearest whole number. Use the following information - On the 7^thJanuary 2021, the total revenue from the sale of 285 available rooms was $84,000 (2 marks).

5. Is your hotel under-performing, achieving fair share or over-performing if your hotel has a RevPAR Index of 104%? Justify your answer (2 marks).