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Question - A resort hotel has a dining room that has no business from street traffic; it is dependent solely on the occupancy of its rooms for its sales revenues. It has 150 rooms. During the month of June it expects 80% occupancy of those rooms. Because the resort caters to families, there is on average three people per occupied room per night. From past experience, management knows that 95% of the people occupying a room eat breakfast, 25% eat lunch, and 75% eat dinner in the hotel's dining room. The dining room is open seven days a week for all three meals. Its average meal prices are:
Breakfast: $ 4.50
Lunch: $ 7.50
Dinner: $12.60
Calculate the budgeted dining room revenue for the month of June.
Hint: You need to calculate number of estimated guests to calculate the revenue figures. First figure out volumes and then figure out guests based on the information provided.
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