Question

Last month, George's hotel ran an occupancy rate of 78.0%. His competitive set had 160,000 room nights available for sales and sold 125,000 of its available rooms. What was George's Occupancy Index last month?

Answer 1

Answer:

Occupancy Index = 99.84 % (Approx)

Explanation:

Given:

Occupancy rate = 78%

Total available room = 160,000

Total sold room = 125,000

Find:

Occupancy Index

Computation:

Occupancy Index = 78(160,000/125,000)

Occupancy Index = 99.84 % (Approx)