question 10 of 10: in your latest research, you calculate that your comp set has an adr of $210. last night…

question 10 of 10: in your latest research, you calculate that your comp set has an adr of $210. last night, your room revenue was $88,625 and 385 were occupied. is your adr higher or lower than your comp set? a) higher b) lower

question 10 of 10: in your latest research, you calculate that your comp set has an adr of $210. last night, your room revenue was $88,625 and 385 were occupied. is your adr higher or lower than your comp set? a) higher b) lower

Answer

Explanation:

Step1: Calculate your ADR

ADR (Average Daily Rate) is calculated by dividing total room - revenue by the number of occupied rooms. Given room revenue = $88,625 and number of occupied rooms = 385. So, $ADR=\frac{88625}{385}$. $ADR = 230$

Step2: Compare ADRs

We compare our calculated ADR ($230$) with the comp - set ADR ($210$). Since $230>210$.

Answer:

a) Higher