Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Hotel Room Pricing A hotel has 500 rooms.
If the hotel posts three rates: a mid-week rate, a weekend rate, and a weekly rate, what are the revenue-maximizing prices? What is the occupancy rate? What is the revenue gain? Overbooking
Show more You have 100 hotel room/nights to sell at $300 each. The no-show rate for bookings is 10%. The cost of looking after a customer with a reservation whom you cannot provide with a room is $1,000. How many reservations should you accept?
