what do you mean by positional average
Answers
Answer:
One of the main computation involved in the front office or revenue management is to calculate the hotel's yield statistics. Potential Average Rate provides the amount of revenue that would have been generated if all the rooms were sold at their published or rack rate.
For hotels where their single rate and double rate for all room types are same then the PAR for Single & Double will be same as their Rack rate
Explanation:
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Answer:
Positional average refers to the average which are taken out through observation from the series where a particular value from the series is picked up which represents the whole series. In median, the middle most value of the series is taken as the representative value. Therefore, median is a positional average.
Explanation:
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