Asume for that prefforts will be both the annual changer in cent years and the...
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Asume for that prefforts will be both the annual changer in cent years and the change in awe size of party. Further sales for the first quarter of 20X5. His 200-room hotel's sales during January-March of 2XA Brent Smithson, owner of the Lakeland Hotel, requests your assistance with forecasting menship in 2017 will ince by en members from 20x and that the avete 2 If the revenue per the 20X7 forecast (required 11) was to be achieved metal 178 Chapter price will increase by $1.00 Required 1. Determine the forecasted dinner revenue for February 20x7. over 20X6 dinner revenues, what would be the percentage increase? Problem 25 were as follows: ADR $150 148 152 Room Sales $744,000 669,552 763,344 Number of Days Pd. Occ. % 80 31 January February 29 78 March 31 81 the ADR should increase by $2 over the rate achieved in 20X4. Assume that total revenue Brent believes that room sales will increase by one percentage point in each month and that consists of room sales and miscellaneous income. Again work through the steps. 1. Find the new occupancy percentage 2. Find the new ADR 3. Find the room sales for each month. Do not worry about #3
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