HTM 181 Exam Questions With Complete Answers (Graded A+)

The use of computer algorithms to set room prices over time for various market segments (business, leisure, individual, group, etc.) is called _____________, fill in the blank, pricing. - ANSWER-a)Static b)Periodic c)Pulse d)Dynamic - correct Which metric is determined by dividing total room revenue by the number of rooms available to sell? - ANSWER-a)Revenue per available room (RevPAR) - correct b)Return on investment c)Internal rate of return d)Cost-benefit analysis The Incredible Inn (with 120 rooms) is located in Hoboken, New Jersey. On September 1, 2017, the hotel sold 60 rooms, collecting revenue of $5,400. What was the Incredible Inn's occupancy rate? - ANSWER-a)50 percent- correct b)60 percent c)20 percent d)200 percent