Question

The Bide-A-While Hotel manager is evaluated on the basis of the occupancy rate of the hotel, that is, the average daily percent of the available rooms that were 117, 122, 105, 96, 84, 107, 114 . If the hotel has 140 rooms available each night, what was the occupancy rate for that week?

Answer 1

occupancy rate = 76%

Step-by-step explanation:

Revenue per available room = Average of the daily room rate × occupancy rate

Average of the daily room rate:

`\begin{gathered} \text{Average = }\frac{s\text{ u m of total}}{nu\text{mber of items}} \\ \text{Average of the daily room rate =}(117+122+105+96+84+107+114)/(7) \end{gathered}`
`\begin{gathered} \text{Average of the daily room rate }=\text{ }(745)/(7) \\ \text{Average of the daily room rate }=\text{ 106.4286} \end{gathered}`

Number of rooms = 140

`\begin{gathered} \text{average of daily room rate = number of rooms }*\text{ occupancy rate } \\ 106.4286\text{ = 140 }*\text{ occupancy rate } \\ \text{occupancy rate =}\frac{\text{ }106.428}{140} \\ \text{occupancy rate = 0.7602} \end{gathered}`
`\begin{gathered} In\text{ percentage:} \\ \text{occupancy rate = 0.7602 }*\text{ 100} \\ \text{occupancy rate = 76.0\%} \end{gathered}`