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What is Definition marginal rate of substitution?
marginal rate of substitution
What is the operational definition of the rate of transpiration?
The rate of transpiration is the position of air bubble
What is the definition of IRR?
internal rate of return
What is the origin of the phrase 'rack rate'?
Before computers and electronic displays were up, and before the hotel industry talked about revenue management, hotels were operating with only one rate. Hotels used to print their house rates on brochures which are then placed on a brochure rack. These rates are usually the highest, as innkeeper's friends will have gotten a discount off the usual rates. Thus, if a guest checks-in without any prior reservation, he will be shown the rate on the brochure on the rack (i.e. not a preferential rate). Thus the advent of the term "Rack Rate"
What is the definition of the term interest rate derivatives?
A derivative has as a security the ability to pay or receive an amount at a given interest rate. Interest rate derivatives are the most popular and include rate swaps and forex swaps.
What is ARP in hotel industry?
Average rate per pax
How do calculate A R R in hotel industry?
how to calculate the Average rate room in the hotel
What do you mean by ADR in hotel industry?
ADR = Average Daily Rate
What do you mean by arp in hotel industry?
ARP means the average rate per pax.
What is the average hotel room rate in the area?
The average hotel room rate in the area is 150 per night.
What do you mean by ARR in hotel industry?
Average Room Rate also means arrival time.
How would the inflation rate affect the hotel and restaurant industry in the Philippines?
The behavior (rise or fall) of the inflation rate directly affects consumer spending, and indirectly the hotel and restaurant industry.
How can I find ADR (average daily rate) for a hotel or accommodation?
To find the ADR for a hotel or accommodation, you can divide the total revenue earned from room bookings by the number of rooms sold. This will give you the average daily rate, which is a key metric in the hospitality industry for measuring the average price guests pay per room per day.
What is revenue management?
It is a revenue enhancing technique which is used in the hotel industry to increase the Average room rate even in low occupancy. It is also referred as Yield Management
What is the average rate of a Staybridge hotel room?
The average rate of a Staybridge Suites hotel room is $108.89. This rate is an excellent value when compared to similar hotels for extended stay like Homewood Suites.
In the hotel industry what are two reasons for a rate index decline?
Sinse rate index is a benchmark for interest rates on following products. The hotel industry would utilize interest to apply to?æservices offered. Such as rooms, gratuities, ?æand transportation.?æ
What is the average rate for Perth hotels?
The average rate for a hotel in Perth is $154. This is a good 21% more than the national Australian average for hotels.
