1. When looking at time series data and wanting to forecast demand for a Friday night, one would look at the data from previous______________
A- Number of check-outs on Fridays
B -Year
C -Entire month
D -Fridays
2. What are the two main levers of revenue management?
a. Money spent and Price
b. Duration and Price
c. Number of Guests and Price
d. Time of Booking and Price
3. Last month Carl’s hotel supplied 10.8% of the rooms in his comp set. It attracted 11.6% of all the rooms sold (demand) and generated 9.1% of the total revenue achieved by the comp set. What is true about Carl’s hotel?
a. Its rates are high relative to the comp. set’s and the hotel has an occupancy index above 100%.
b. Its rates are high relative to the comp. set’s and the hotel has an occupancy index less than 100%.
c. Its rates are low relative to the comp. set’s and the hotel has an occupancy index less than 100
d. Its rates are low relative to the comp. set’s and the hotel has an occupancy index above 100%.