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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 $$\rightarrow$$
For Hilton Worldwide, considering 70% average occupancy rate for 365 days of operations and average room rent of 350 USD per day, the total number of rooms available (in 000's) in Hilton Worldwide per day approximately are:
From the graph, the total revenue of Hilton worldwide is 12 billion dollars.
We are told that the room rent per day = 365 USD
Let the total number of rooms available be 'T'. We are also told that occupancy is 70%. So, the occupied rooms on any day are $$\frac{70}{100}T$$
$$\frac{70}{100}T\times\ 365\times\ 350=12\times\ 10^9$$
Solving, we get T = 134,190
In thousands, it will be 134.
The closest option is option B. Hence, the answer is option B.
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