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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 $$\rightarrow$$
If the number of available rooms in each of the four regions (Asia-Pacific, America, Europe and Middle East & Africa) are in the ratio 1:2:5:4, the average occupancy rate for Quarter-1 are:
Let the rooms available in different regions be x, 2x, 5x and 4x. The occupancy rates in the 4 different regions in the Quarter 1 are given as 67, 60, 61 and 64. The average occupancy rate can be calculated as,
Average occupancy rate = $$\ \ \dfrac{\ 67\left(x\right)+60\left(2x\right)+61\left(5x\right)+64\left(4x\right)}{x\ +\ 2x\ +\ 5x\ +\ 4x}=\dfrac{748x}{12x}=62.3$$
The answer is option A.
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