Wk 8:Quiz Chapter 8, Question 4

a. The total revenue of Oct. 2009 is $545000 and total revenue of Oct. 2010 is $583000

b.  THe GOP of Oct. 2009and 2010 are $16200 ('09) and $184550 ('10).

c.    The GOP percentage for OCt. 2009 and 2010 are 26.72% ('09) and 31.66% ('10).

d.  The flow through of Santi's hotel is 59.34% this indecates an effeciency in managment.

average cost per key, which is simply the average purchase price of a hotel’s guest room expressed in thousands of dollars.

 As a result of the Internet, consumers can easily compare prices, but so can a hotel’s major competitors. Gone are the times when night auditors or others on the front office staff conducted the nightly call-around to ask other hotels’ night auditors what their hotels were charging for rooms and then used that information (often of questionable accuracy) to make decisions about what their own hotel’s rate offerings should be.

Despite the advent of the Internet, modern hotel pricing techniques cannot involve purely subjective approaches.