A hotel recorded the following room sales over the 5-year period. At the same time,...
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A hotel recorded the following room sales over the 5-year period. At the same time, the average cost per room has changed due to increases in maintenance costs. Year Annul Sales Average Cost per Room 1 $352,000 $41.00 $384,000 $43.00 N 3 $396,000 $47.00 4. $402,000 $48.00 $49.50 5 $390,000 a) From the average cost per room, create a 5-year cost index (8pts) b) Using the cost index from a), covert the historical sales figures into current dollars. What is your conclusion on sales trend after the analysis (8 pts)? UTMI Editor
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