
Hotel Room Pricing Quiz
Quiz
•
Specialty
•
University
•
Hard
Jen Richrdson
FREE Resource
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three popular approaches to pricing rooms?
The Market Condition Approach, The Rule-of-thumb approach, The Hubbard Formula
The Market Condition Approach, The Rule-of-thumb approach, The Eugene Formula
The Market Condition Approach, The Rule-of-thumb approach, The Eugene Formula
The Market Condition Approach, The Rule-of-thumb approach, The Win Formula
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Rule-of-Thumb approach set the rate of a room at?
$120 for each $1,000 of construction and furnishings cost per room
$80 for each $1,000 of construction and furnishings cost per room
$100 for each $1,000 of construction and furnishings cost per room
$50 for each $1,000 of construction and furnishings cost per room
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Hubbard Formula approach consider?
Imagine Lily and Rohan are planning to open a hotel. What factors does the Hubbard Formula take into account?
Desired profits only
Operating costs, desired profits, and expected number of rooms sold
Expected number of rooms sold only
Only operating costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Abigail, Olivia, and Aria are planning a fun hotel staycation! How can they calculate the Occupancy Percentage?
Number of Single Rooms Occupied / Total Number of Single Rooms Available For Sale * 100
Number of Rooms Occupied / Total Number of Rooms Available For Sale * 100
Number of Double Rooms Occupied / Total Number of Double Rooms Available for Sale * 100
Number of Rooms Occupied by More Than One Guest / Total Number of Rooms Occupied * 100
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does RevPAR stand for?
Revenue Per Occupied Room
Revenue Per Room
Revenue Per Average Room
Revenue Per Available Room
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Average Rate per Guest (ARG) formula?
Total Room Revenue / Number of Guests
Total Room Revenue / Total Number of Rooms Sold
Actual Room Revenue / Number of Guests
Actual Room Revenue / Total Number of Rooms Sold
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Average Daily Rate formula?
Total Room Revenue / Number of Guests
Actual Room Revenue / Number of Guests
Total Room Revenue / Total Number of Rooms Sold
Actual Room Revenue / Total Number of Rooms Sold
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