What would be the occupancy rate for a hotel that has 200 rooms on a day in january in which it sold 100 rooms and received total rooms revenue of $17,000?

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06-09-2022
Business

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What would be the occupancy rate for a hotel that has 200 rooms on a day in january in which it sold 100 rooms and received total rooms revenue of $17,000?

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tutorconsortium344 tutorconsortium344 · Answer 1 · 2022-09-08T12:25:08-04:00

The occupancy rate is 50%.

What is revenue?

In the context of accounting, revenue refers to the total income from sales of products and services that are directly related to the company's core operations. Sales or turnover are two other terms for commercial revenue. Interest, royalties, and other fees are sources of income for some businesses.

Revenue is the entire amount of money made through the sale of products or services related to a business's core operations. Because it appears at the top of the income statement, revenue, also known as gross sales, is frequently called the "top line."

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