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Determine the occupancy rate for july

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Reference no: EM132713945

Problem - Occupancy rate - Stay-4-Ever is a small motel chain with locations in the northeastern United States. The chain has a total of 200 rooms. The following operating data are available for July:

Number of Guests

Nights per Visit

Guest Nights

1,600

1

1,600

750

2

1,500

275

3

825

80

4

320

19

5

95

Required -

a. Determine the guest nights for July.

b. Determine the available room nights for July.

c. Determine the occupancy rate for July.

d. Assume that the occupancy rate for July of the prior year was 75%. Has the utilization rate for Stay-4-Ever improved or declined?

Reference no: EM132713945

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