You are the revenue manager for a hotel in Charlotte, NC with 400 rooms. You've just...

 

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You are the revenue manager for a hotel in Charlotte, NC with 400 rooms. You've just received an RFP from a group asking for a block of rooms for a three-day meeting; specifically, they are asking for 285, 305, and 225 rooms for nights 1 to 3, respectively. You anticipate your transient occupancy rates for those three nights as 75%, 79%, and 82% for nights 1 to 3, respectively. For the transient guests, you anticipate an ADR of $255. The group is requesting a $180 room rate for all three nights. Focusing only on total room revenues, what is the net revenue change if you business? accept this group a) 4255 b) 4455 c) 4355 d) 4155 You are the revenue manager for a hotel in Charlotte, NC with 400 rooms. You've just received an RFP from a group asking for a block of rooms for a three-day meeting; specifically, they are asking for 285, 305, and 225 rooms for nights 1 to 3, respectively. You anticipate your transient occupancy rates for those three nights as 75%, 79%, and 82% for nights 1 to 3, respectively. For the transient guests, you anticipate an ADR of $255. The group is requesting a $180 room rate for all three nights. Focusing only on total room revenues, what is the net revenue change if you business? accept this group a) 4255 b) 4455 c) 4355 d) 4155

Answer rating: 100% (QA)

Heres how to calculate the net revenue change Without the group transient guests only Revenue fr... View the full answer