The following is a set of operational information about a local motel during the past years....

 

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The following is a set of operational information about a local motel during the past years. The motel has 200 rooms in its property. It operates 365 days every year. (Ignore the leap year in calculation process.) Please be advised that the Year "n" is the most recent year. Year n-5 n-4 n-3 n-2 n-1 n n+ 1 n+ 2 Occupancy Rate 70% 72% 69% 70% 68% 72% ADR $120 $130 $170 $168 $174 $180 Using the method of 3-Year Moving Average, project the occupancy rate of the motel in next year (Year "n + 1"). Please provide just the number with NO "%" or "" for your answer. If necessary, round your answer to the nearest integer of percent. For example, if your answer is 87.65%; then put just 88. Please keep in mind that your answer must be in percent (%). If you put your answer as 0.88, Canvas takes it as 0.88% (which is 0.0088). The following is a set of operational information about a local motel during the past years. The motel has 200 rooms in its property. It operates 365 days every year. (Ignore the leap year in calculation process.) Please be advised that the Year "n" is the most recent year. Year n-5 n-4 n-3 n-2 n-1 n n+ 1 n+ 2 Occupancy Rate 70% 72% 69% 70% 68% 72% ADR $120 $130 $170 $168 $174 $180 Using the method of 3-Year Moving Average, project the occupancy rate of the motel in next year (Year "n + 1"). Please provide just the number with NO "%" or "" for your answer. If necessary, round your answer to the nearest integer of percent. For example, if your answer is 87.65%; then put just 88. Please keep in mind that your answer must be in percent (%). If you put your answer as 0.88, Canvas takes it as 0.88% (which is 0.0088).

Answer rating: 100% (QA)

To calculate the projected occupancy rate for the next year Year n1 using the 3Year Moving Average ... View the full answer