Solution-Calculate the individual adrs for single and

Calculate the individual adrs for single and double rooms

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Reference no: EM132537240

The management of 50-room Gordion Hotel, which has single and double rooms only, has acquired the following internal financial data:

Occupancy of 65.00%
Projected after-tax average ADR of $54.00
25.00% of double room occupancy
A price difference of $15.00 more for double rooms than the singles

Question 1: Based on the financial information given, calculate the individual ADRs for single and double rooms for Gordion.

Group of answer choices

Option 1: $46.78 for singles and $58.31 for doubles

Option 2: $54.10 for singles and $70.67 for doubles

Option 3: $50.36 for singles and $65.36 for doubles

Option 4: $33.24 for singles and $49.12 for doubles

Reference no: EM132537240

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Calculate the individual adrs for single and double rooms

Reference no: EM132537240

Reference no: EM132537240

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