June 29, 2020
###### In your reading response, describe exactly how the innovator was creative. Analyze how they… 1 answer below »
June 30, 2020

1 What is the total franchise fee 1) on a per available room basis and 2) as a percentage of rooms revenue for a 300-room hotel that recorded an occupancy percentage of 75% with a \$9500 average room rate? The franchise fee for the hotel was based on the following fee structure The initial fee is based on a minimum fee of \$25,000 plus \$150 per room in excess of 100 rooms The hotel is required to pay a 3% of rooms revenue royalty fee, a 2% of rooms revenue reservation fee, a marketing fee of \$050 per available room per day, and a \$300 per occupied room frequent traveler fee (frequent travelers represent 15% of total rooms occupied)

2 A 220-room independent hotel recorded an occupancy percentage of 662% and an average room rate of \$13375 The hotel’s rooms revenue ratio to total revenue was 565%, and GOP was 324% What is the management fee for the hotel based on a structure that required the owner to pay the managing company 16% of gross revenue and 8% of GOP? Compute the management fee both 1) as a percentage of total revenue and 2) on a per occupied room basis

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1 What is the total franchise fee 1) on a per available room basis and 2) as a percentage of rooms r 1 answer below » was first posted on June 29, 2020 at 11:28 pm.