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Posted: March 4th, 2021
Estimation Assignment | Homework For You
Question 9.45
The Dorquay Hotel has twenty rooms available for rent. During the month of December its average room rate is expected to be $180 and its room occupancy 90 per cent. Due to the holiday season in January, the room rate is to be increased by 10 per cent, and the occupancy is expected to be 95 per cent. In February, no further room rate increase is planned and occupancy is expected to be 85 per cent.
Required (group)
Calculate the budgeted room revenue for each of the three months (December, January & February).
Required (your individual response)
Discuss how the management of the Dorquay Hotel could have estimated the occupancy rate. Finance homework help
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