Please enter the following details
Based on the information given below, answer the questions which follow.
The occupancy rate of a hotel is the share of available rooms that are occupied during a given time. Figure- I presents quarter wise average hotel occupancy in four regions (Asia-Pacific, America, Europe and Middle East & Africa) for the year 2016. Figure-2, shows the revenue of select hotel chains worldwide in 2016.
Figure-1: Region Wise Average Hotel Occupancy Rates
Occupancy rates
                              Regions $$\rightarrow$$
Considering the total revenue of the hotel industry in 2016 as 495.17 billion USD. what is the percentage contribution of revenue of select hotel chains to hotel industry revenue?
Required percentage =Â $$\ \ \ \frac{\ 24+16+12+6+6+4.5+2+0+0+0}{495.17}\times\ 100=\frac{70.5}{495.17}\times\ 100=14.23\%$$
The answer is option B.
Your Doubts
Drop Your File Here!
Ask Your Doubt
Drop Your File Here!
Create a FREE account and get:
- All Quant Formulas and shortcuts PDF
- 170+ previous papers with solutions PDF
- Top 5000+ MBA exam Solved Questions for Free
