Revenue Management

“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?

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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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