Question

The growth of the hotel industry is driven by the increase in the number of people using hotels and an increase in the per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in the US, or 20% of the population, which will generate 50 billion in hotel revenues. This revenue should expand from 50 billion to 150 billion by 2008, and the number of the user grow to 560 million or half of the population of the US in the same year i.e., 2008. What is the estimated population of the US in 2004?​

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This discussion on Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotels and the increase in per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in India, or about 20 p er cent o f the population will generate Rs 50 billion in hotel revenues. Industry revenues should expand from Rs 50 billion to Rs 150 billion by 2008, w hile the number of users should grow to over 560 million or to about half the population of India in the same period.Q.What will be the simple average growth rate of population of India in the given period 2004-2008?a)2%b)3%c)4%d)4.5%Correct answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by LR Students. The Questions and Answers of Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotels and the increase in per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in India, or about 20 p er cent o f the population will generate Rs 50 billion in hotel revenues. Industry revenues should expand from Rs 50 billion to Rs 150 billion by 2008, w hile the number of users should grow to over 560 million or to about half the population of India in the same period.Q.What will be the simple average growth rate of population of India in the given period 2004-2008?a)2%b)3%c)4%d)4.5%Correct answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of LR, which is also the largest student community of LR. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for LR on EduRev and even discuss your questions like Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotels and the increase in per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in India, or about 20 p er cent o f the population will generate Rs 50 billion in hotel revenues. Industry revenues should expand from Rs 50 billion to Rs 150 billion by 2008, w hile the number of users should grow to over 560 million or to about half the population of India in the same period.Q.What will be the simple average growth rate of population of India in the given period 2004-2008?a)2%b)3%c)4%d)4.5%Correct answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest LR community, EduRev has the largest solved Question bank for LR.