Question

The CITY HOTEL in Miami, Florida has 115 guestrooms. On Saturday night during the
past weekend, the hotel sold 90 of its rooms. What was the approximate occupancy rate on that
Saturday night?​

Answer 1

Answer:

78.26%

Step-by-step explanation:

-Occupancy rate is a key performance indicator which is essentially the number of occupied rooms divided by the total number of rooms available.

-Given that 90 out of 115 rooms were sold, the occupancy rate would be:

$Occupancy\ Rate= \frac{Rooms \ Occupied}{Total \ Available}\\\\=\frac{90}{115}\\\\=0.7826\\\\=78.26\%$

Hence, the occupancy rate is approximately 78.26%