HTM 381-EXAM 2 QUSTIONS AND ANSWERS

HTM 381-EXAM 2 QUSTIONS AND ANSWERS




overbooking ratio - correct answer-walk cost /
(walk cost + (ADR - variable cost per room))

channel production - correct answer-number of
room nights = # of room x # of night

channel contribution - correct answer-channel
revenue / channel production

Channel contribution % - correct answer-revenue
from the channel of interest / revenue from all
channels

Net ADR Yield - correct answer-Net Room Rate /
Standard ADR(Net Room Rate = Standard ADR -
Distribution Channel Costs)

Revenue - correct answer-Price * Quantity

, Room-night - correct answer-number of room *
number of night

occupancy percentage - correct answer-Total
rooms sold / Total rooms available for sale

ADR - correct answer-Total room revenue / Total
rooms sold

RevRAR (Revenue per available room) - correct
answer-Total 'room' revenue / Total rooms
available for sale= ADR * Occupancy Percentage

GOPPAR (Gross operation profit per available
room) - correct answer-(Total 'room & non-room'
revenue - Cost) / Total rooms available for sale

5 basic steps to conduct forecasting - correct
answer-1. collection of data
2. cleaning of data
3. estimation of forecasting model from data
4. generation of forecast for each product
category/rate class
5. evaluation of the accuracy of forecast/providing
feedback to users