As of November, your hotel is going through a typical low season. Thus, GM is considering to drive room night demand by lowering current ADR and asking you to perform a Price Elasticity of Demand analysis so that he/she can make an informed decision. Build a spreadsheet that shows the results of Price Elasticity of Demand based on the information provided below. To better assist with the GM to make an optimal decision for projected higher bottom line, Expected GOP should be determined along with Estimated Rooms Revenue and Total Direct Expenses. Assume that your Direct Expenses Per Occupied Room is $17. 85. Based on the results, draft a short passage highlighting the results. *** Your work of calculations on the spreadsheet should be made with MS Excel formulas and corresponding cells. Any changes made in prediction should be reflected on the results. Please be noted that simply typing numbers as text won’t be awarded any points. Current ADR Demand New ADR Being Considered Historical Demand $115 178 $85 250
Knowing how sales behave is essential to developing operatin…
Knowing how sales behave is essential to developing operating budgets
Which of the following liver abnormalities is commonly assoc…
Which of the following liver abnormalities is commonly associated with the vessels within the structure indicated by the white arrow?
A 68-year-old man presents with anorexia and weight loss. Mo…
A 68-year-old man presents with anorexia and weight loss. Most probably the metastasis is from?
Which of the following is the most likely clinical finding o…
Which of the following is the most likely clinical finding of adenomyomatosis?
Tumefactive sludge can resemble the sonographic appearance o…
Tumefactive sludge can resemble the sonographic appearance of:
Which of the following is associated with sonographic Murphy…
Which of the following is associated with sonographic Murphy’s sign?
A mass that presents with a bull’s eye appearance within the…
A mass that presents with a bull’s eye appearance within the liver tissue is most likely __________________.
A two-year-old boy with elevated alpha-fetoprotein presented…
A two-year-old boy with elevated alpha-fetoprotein presented with a history of jaundice, Beckwith Wiedemann syndrome and distension of the abdomen. Most probably the abnormality is:
The ultrasound findings of Kaltskin tumor includes demonstr…
The ultrasound findings of Kaltskin tumor includes demonstration of normal CHD & CBD.