Last month, Ginger's hotel ran an occupancy rate of 85%. Her competitive set had 150,000 room nights included within it that were available for sale during that month. During that month, the competitive set sold a total of 115,000 rooms. What was the approximate occupancy rate INDEX last month for Ginger's hotel? Group of answer choices

111

Step-by-step explanation:

-The occupancy rate index is calculated using the following formula:

-The Hotel OCC is the property's occupancy rate given as 85%

-The Competitive OCC, is the competitive set's occupancy rate calculated as;

-We then substitute to solve for the occupancy rate index:

Hence, the occupancy rate index is 111

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step-by-step explanation:

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