BUSINESS ADMINISTRATION
OFFICE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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forecasting
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guessing
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occupancy
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sleeping rooms
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Detailed explanation-1: -You can determine your occupancy rate by dividing the number of booked rooms by the total rooms. So 400-room hotel with 300 rooms booked has an occupancy rate of 0.75 or 75%.
Detailed explanation-2: -Step 1: Calculate the estimated rooms sold by multiplying the number of rooms available Step 2: Input the estimated ADR from the instructions, be sure to calculate the 25% increase for the weekend. Step 3: Calculate the daily total revenue using the estimated rooms sold multiplied by the estimated average daily rate.
Detailed explanation-3: -Forecasting models to use at your property A simple forecasting model that your hotel can get started on is to use purely historical data to predict future outcomes. For example, you could single out a particular month and look at: How many room nights were sold. Your occupancy rate.