I’m working on a hospitality question and need an explanation to help me understand better.
“describe what a comp set is and how it is established.
what is meant by “running 3 month” or “running 12 month” on the str report?
a hotel has an adr of $125, and the market has an adr of $135. what is the adr index of the hotel? (show your work).
describe the mathematical concept of “fair market share)
a hotel has an occupancy percent of 87%, and the market has an occupancy of 81%. what is the occupancy index of the hotel? (show your work).
is fair market share an acceptable achievement for a hotel?
a hotel has an occupancy percent of 78%, and the market has an occupancy of 82%. what is the occupancy index of the hotel? (show your work).
describe the information contained on the “response” tab of the str trend report.
a hotel has an adr of $209 and the market has an adr of $209. what is the adr index of the hotel? (show your work).”
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