Joel is the RM for the City Center Plaza hotel. He knows that under his...
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Joel is the RM for the City Center Plaza hotel. He knows that under his franchise agreement, he pays an 8 percent franchise fee and 3 percent marketing fee on all revenue generated from room sales. Additional fees for using the hotels CRS are $2.00 per each room reserved. Internet service provider (IDS) related charges paid by the hotel for rooms sold through Internet sites including uberhothotels.com are $10.00 per room sold. Given this information, help Joel complete the revenue estimate worksheet presented below.
| Net ADR Yield Estimate Worksheet: City Center Plaza | ||
| Distribution Channel | Group rooms | Third-party merchant |
| Rooms sold | 80 | 100 |
| Standard rate | $185 | $160 |
| Gross revenue |
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| Franchise fee (8%) |
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| Franchise marketing fee (3%) |
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| Franchisor's CRS fee ($2 per room) |
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| IDS fee |
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| Net total revenue |
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| Net ADR yield |
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