Determine the average revenue

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Reference no: EM13956309

The Stars is an upscale independent hotel that caters to both business and leisure travelers. On average, one-third of the guests checking in each day are leisure travelers. Leisure travelers generally stay for, on average 4.2 nights - three times as long as the average business customer. a) On an average day, 160 guests check into The Stars. On average, how many guests of each type are in the hotel on any given day? b) How many of time per month does the hotel turn over its inventory of guests (assume 30 days per month)?c) The average business traveler pays a rate of $280 per night, while leisure travelers pay an average of rate of $200. Determine the average revenue The Starts receives per night per occupied room.

Reference no: EM13956309

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