A Hotel Will Achieve an 80% Net ADR Yield on a Reservation

question 3

Multiple Choice

A hotel will achieve an 80% Net ADR yield on a reservation supplied by one of its distribution channels.The room was reserved at a room rate of $180 per night.What is the amount of per night reservation generation fees the hotel will pay for this reservation?

• A) $16.00
• B) $26.00
• C) $36.00
• D) $46.00

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Definitions:

Financing Statement

A document filed to give public notice of a secured party's interest in the debtor's collateral under the Uniform Commercial Code.

Luxury Goods

High-quality and often expensive products that are not essential but perceived as highly desirable within a specific culture or society.

Termination Statement

An amendment to a financing statement which states that the debtor has no obligation to the secured party.

Financing Statement

A Financing Statement is a document filed to give public notice of a secured party's interest in the personal property of a debtor, used mainly in secured transactions.