REVENUE MANGEMENT FINAL
EXAM/ACTUAL EXAM QUESTIONS
WITH WELL DETAILED
ANSWERS/GRADE A+
ASSURED/NEWEST UPDATE
Save
Terms in this set (46)
,When yield a. forecasting; gives you an idea on
management where you are going to land on
was introduced, ADR, occupancy, and RevPAR
what type of
information was
crucial to its
success?
a. forecasting
b. destination
times
c. fuel prices
d. employee
wages
What are the Unpredictable demand, low variable
criteria a cost/high fix cost, and perishable
business or products
industry must
meet in order to
maximize the
potential of an
effective
revenue
management
strategy?
,What can be d. variable cost; will have to pay to
described as the clean each time the hotel room is
cost differential used
between an
occupied room
and a vacant
room?
a. uncontrollable
cost
b. controllable
cost
c. fixed cost
d. variable cost
In a hotel, why There is a limit on cutting costs but
does it make no limit on generating revenue
more sense to
improve
profitability by
raising revenue
rather than by
cutting costs?
, Room revenue a. average Daily Rate (ADR)
divided by the
number of room
nights sold
provides you
with what?
a. average daily
rate (ADR)
b. RevPAR
c. GoPAR
d. occupancy
rate
If a hotel has 700 78.57%
rooms, and if it
sold 3,850
rooms in a one-
week period,
what was its
occupancy
percentage?
RevPAR is a Dividing the total room revenue by
statistic that is the total number of rooms available
used to measure
the?
EXAM/ACTUAL EXAM QUESTIONS
WITH WELL DETAILED
ANSWERS/GRADE A+
ASSURED/NEWEST UPDATE
Save
Terms in this set (46)
,When yield a. forecasting; gives you an idea on
management where you are going to land on
was introduced, ADR, occupancy, and RevPAR
what type of
information was
crucial to its
success?
a. forecasting
b. destination
times
c. fuel prices
d. employee
wages
What are the Unpredictable demand, low variable
criteria a cost/high fix cost, and perishable
business or products
industry must
meet in order to
maximize the
potential of an
effective
revenue
management
strategy?
,What can be d. variable cost; will have to pay to
described as the clean each time the hotel room is
cost differential used
between an
occupied room
and a vacant
room?
a. uncontrollable
cost
b. controllable
cost
c. fixed cost
d. variable cost
In a hotel, why There is a limit on cutting costs but
does it make no limit on generating revenue
more sense to
improve
profitability by
raising revenue
rather than by
cutting costs?
, Room revenue a. average Daily Rate (ADR)
divided by the
number of room
nights sold
provides you
with what?
a. average daily
rate (ADR)
b. RevPAR
c. GoPAR
d. occupancy
rate
If a hotel has 700 78.57%
rooms, and if it
sold 3,850
rooms in a one-
week period,
what was its
occupancy
percentage?
RevPAR is a Dividing the total room revenue by
statistic that is the total number of rooms available
used to measure
the?
