SOLVED QUESTIONS GRADED A+
◉ Census database. Answer: 150,000+ hotels around the world
◉ Hotel database (STR Receives performance data from..). Answer:
30,000 hotels
◉ ___% of chain hotels that are on the hotel database. Answer: 95
◉ ___ independents are on the hotel database. Answer: 2,000
◉ Supply is also known as.... Answer: Total rooms available
◉ Demand is also known as.... Answer: Total rooms sold
◉ Occupancy. Answer: Rooms sold/Rooms Available
◉ ADR. Answer: Room revenue / rooms sold
◉ Data is submitted in these two ways. Answer: Monthly or daily
, ◉ Guest segmentation. Answer: Transient, group, contract
◉ Group business requires how many rooms?. Answer: 10+ rooms
◉ An example of Contract business:. Answer: Airline crews
◉ Transient rates include. Answer: Rack rate, corporate rate, packages,
government
◉ How do you calculate Supply (aka:rooms available). Answer: # of
rooms in a hotel x days of the month
◉ How do you calculate Demand (aka: Rooms sold). Answer: #of rooms
sold - does not include comps or no shows
◉ When we talk about "revenue" in terms of the hotel industry, what are
we referring to?. Answer: Total room revenue generated from the sales
of rooms not including taxes
◉ Daily data. Answer: Daily % changes are not based on exact dates,
but on comparable days. Same day of the week last year.