As of November, your hotel is going through a typical low se…

As of November, your hotel is going through a typical low season. Thus, GM is considering to drive room night demand by lowering current ADR and asking you to perform a Price Elasticity of Demand analysis so that he/she can make an informed decision. Build a spreadsheet that shows the results of Price Elasticity of Demand based on the information provided below. To better assist with the GM to make an optimal decision for projected higher bottom line, Expected GOP should be determined along with Estimated Rooms Revenue and Total Direct Expenses. Assume that your Direct Expenses Per Occupied Room is $19. 23. Based on the results, draft a short passage highlighting the results. *** *** Your work of calculations on the spreadsheet should be made with MS Excel formulas and corresponding cells. Any changes made in prediction should be reflected on the results. Please be noted that simply typing numbers as text won’t be awarded any points.   Old ADR Demand New ADR Being Considered Expected Demand $123 190 $96 234

Student Code of Academic Integrity:All students must adhere…

Student Code of Academic Integrity:All students must adhere to a standard of academic conduct, demonstrating respect for themselves, their fellow students, and the educational mission of the University. As a student of this university: I will not represent someone else’s work as my own I will not cheat, nor will I aid in another’s cheating I will be honest in my academic endeavors I understand that if I am found responsible for academic misconduct, I will be subject to the academic misconduct procedures and sanctions as outlined in the Student Handbook By clicking ‘I agree” you are acknowledging that you have read this statement, agree with and accept its content.

Student Code of Academic Integrity:Every student must respec…

Student Code of Academic Integrity:Every student must respect the right of all to have an equitable opportunity to learn and honestly demonstrate the quality of their learning. As a student who is taking an exam earlier than others,  I will not share Exam questions and my answers with others.  I understand that if I am found responsible for academic misconduct, I will be subject to the academic misconduct procedures and sanctions as outlined in the Student Handbook By clicking ‘I agree” you are acknowledging that you have read this statement, agree with and accept its content.