You are the Assistant Manager at the Blue Mist Hotel, a 425-room hotel in Phoenix, Arizona. The General
Manager has asked you to prepare a 700- to 825-word report on the financial status of the hotel for the month
of May.
Access the Blue Mist Hotel Financial Ratios sheet and calculate the remaining six financial ratios.
Use the ratio calculations to determine the financial status of the hotel for the month of May.
Explain different types of revenue streams in the hotel
Explain how the financial ratios are used to maximize profits
Describe the importance of demand forecasting
Describe the advantages and disadvantages of overbooking
Define how RevPAR is used in the revenue management strategy