The design of the next hotel in our chain will depend on maximizing the revenue for one night while meeting certain market realities. Three types of rooms will be offered (suite, kitchenette, and standard). The various rates and range for the number of rooms are giv below Your answer will be the number of Standard rooms in the new hotel. Use Scenario 4. Suite - max Suite - min Kitchenette - max Kitchenette - min Standard - max Standard - min Max number of total rooms Revenue per Suite Revenue per Kitchenette Revenue per Standard Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 4 12 18 25 2 4 2 6 12 6 6 0 4 80 155 60 140 95 155 $140 $149 $119 $139 $89 $109 1 10 5 60 40 55 $135 $109 $89 O 80 70 99 $135 $119 $89 O 40 20 40 40 65 $119 $109 $85
The design of the next hotel in our chain will depend on maximizing the revenue for one night while meeting certain market realities. Three types of rooms will be offered (suite, kitchenette, and standard). The various rates and range for the number of rooms are giv below Your answer will be the number of Standard rooms in the new hotel. Use Scenario 4. Suite - max Suite - min Kitchenette - max Kitchenette - min Standard - max Standard - min Max number of total rooms Revenue per Suite Revenue per Kitchenette Revenue per Standard Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 4 12 18 25 2 4 2 6 12 6 6 0 4 80 155 60 140 95 155 $140 $149 $119 $139 $89 $109 1 10 5 60 40 55 $135 $109 $89 O 80 70 99 $135 $119 $89 O 40 20 40 40 65 $119 $109 $85
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
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Transcribed Image Text:The design of the next hotel in our chain will depend on maximizing the revenue for one
night while meeting certain market realities. Three types of rooms will be offered (suite,
kitchenette, and standard). The various rates and range for the number of rooms are given
below
Your answer will be the number of Standard rooms in the new hotel.
Use Scenario 4.
Suite - max
Suite - min
Kitchenette - max
Kitchenette - min
Standard - max
Standard - min
Max number of total rooms
Revenue per Suite
Revenue per Kitchenette
Revenue per Standard
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5
4
12
18
25
2
4
2
6
0
12
6
6
40
0
0
4
20
80
80
155
40
60
70
140
40
95
99
155
65
$140
$135
$149
$119
$119
$139
$89
$89
$109
1
10
5
60
40
55
$135
$109
$89
$119
$109
$85
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