You are the general manager of the 400 room Historia hotel in downtown Toronto. Arriving to your office on the morning of August 31,2021, you notice last night’s operations reports. The hotel is a midscale facility with an average rack rate of $199. As you look through the reports you notice that 280 rooms were sold last night (Aug 30th) with room revenues of $41,216 and food & beverage revenues $3,750. When looking over the numbers you recall that the approved budget for the month of August was based on a 54% occupancy rate with expected room revenues for the month to be $974,628. As of this morning your month to date (MTD) room revenues are $965,500 (includes room revenues from the night of August 30th) these revenues represent 6,650 rooms sold in those 30 nights.

Determine the following:1.Occupancy for last night?

2.ADR for last night?

3.How many room nights are forecasted (in the budget) for the month of August?

4.What was the budgeted ADR for August?

5.What is the % change between rooms budgeted and rooms sold for August as of the 31st?

6.What is the % change between budgeted and actual ADR for August as of the 31st?

7.What is the % change between budgeted and actual room revenues for August as of the 31st?For tonight (August 31st) I am forecasting 78% occupancy with a forecasted ADR of $148.50. Taking that into account ....

8.What is the expected % change between rooms budgeted and rooms sold for the entire month of August?

9.What is the expected % change between budgeted and actual ADR for August?

10.What is the expected % change between budgeted and actual room revenues for August

Answer rating: 100% (QA)

1The occupancy for last night was 80 The occupancy for last night was 80 because 280 rooms were sold out of 350 available rooms 2The ADR for last nigh... View the full answer