Question

The bocker hotel has three types of single rooms. there are 80 type a rooms with a rack rate of $75; 90 type b rooms with a rack rate of $80; and 100 type c rooms with a rack rate of $90. what is the potential average single rate for the hotel?

Answer 1

To get the average of all the single rooms in the hotel:
80 * 75 + 90* 80 + 100* 90/ 80 + 90 + 100 = 6000 + 7200 + 9000/270
22200/270 = 82. 22
Thus, the average potential average single rate for the hotel is $82.22.