Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. "the role of the room rate" analyze the hotel mark

"The Role of the Room Rate" Analyze the hotel market in your state and determine if...

80.2K

Verified Solution

Question

General Management

"The Role of the Room Rate" Analyze the hotel market in yourstate and determine if the room rates for the majority of hotels iselastic or inelastic. Explain your rationale and identifycontributing factors (e.g., tax rates, competition, etc.). Imagineopening a small hotel in the town in which you attend class,Briefly describe the hotel and determine how you would determinethe proper room rate.

Answer & Explanation Solved by verified expert
4.4 Ratings (700 Votes)
In my state hotel room rates are elastic As my state concludes with many tourist spots prices of the rooms changes according to the season and availability of the tourist are my state This type of changing room rates is    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

No calculator Which of the ordered pairs below represents a solution to the system of...

Algebra
1.2K views

Solve the following formula for the specified variable.C=(1/4)e .p for ee=

Advance Math
1.2K views

(1 point) Use the method of undetermined coefficients to find a solution of y′′−4y′+33y=64e2tcos(5t)+64e2tsin(5t)+2e1t.y″−4y′+33y=64e2tcos⁡(5t)+64e2tsin⁡(5t)+2e1t. Use a and b...

Civil Engineering
1.2K views

Determine the nominal concrete cover for a simply supported beam with exposure condition XC4. The concrete...

Medical Sciences
1.2K views

1) Outline the primary mechanism of control of the thyroid gland via the hypothalamus and anterior...

Physics
1.2K views

What is reaction rate and calculate the reaction rate for the fusion of proton and deuteron...

Physics
1.2K views

The following fusion reaction akes place H H2H 6 m 3 27Mer 2 If 2...

Physics
1.2K views

29 A tank used for filling helium balloons has a volume of 0 300m and...

Basic Math
1.2K views

Two siblings, Alex and Brian, play a game three times in which each has an...

Accounting
1.2K views

Following IPSAS 9 'Revenue from Exchange Transactions', which of the following criteria must be satisfied...

Accounting
1.2K views

Concord Cocrporation issued $416000, 5% 30 year bonds on January 1, 2022 at 103. Interest...

Accounting
1.2K views

UP Saved 1 The Cheyenne Hotel in Big Sky, Montana, has occumulated records of the...