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?

Occupancy Index=111

Step-by-step explanation:

-Occupancy rate INDEX is defined as the ratio between the percentage occupancy of your property to the percentage occupancy of the competitive set times 100%

-Given that your property's occupancy rate is 85%. The occupancy rate of the competitive set is:

-The Occupancy Index is then calculated as follows:

Hence, the approximate occupancy index for the hotel is 111

y + 11 = (1/4)(x + 16)

step-by-step explanation: