You are the revenue manager for a hotel in Charlotte, NC with 4 0 0 rooms. You
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Question:
You are the revenue manager for a hotel in Charlotte, NC with rooms. Youve just received an RFP from a group asking for a block of rooms for a threeday meeting; specifically, they are asking for and rooms for nights to respectively. You anticipate your transient occupancy rates for those three nights as and for nights to respectively. For the transient guests, you anticipate an ADR of $ The group is requesting a $ room rate for each of the three nights. Focusing only on total room revenues, what is the net revenue change if you accept this group business?
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