book: The $1 per $1,000 rule. (basis for hotel room rates): An article from: Cornell Hotel & Restaurant ......

books:


	• The $1 per $1,000 rule. (basis for hotel room rates): An article from: Cornell Hotel & Restaurant ... Bjorn Hanson Cornell University, 1995 - 2 pages
	for more information click here

This digital document is an article from Cornell Hotel & Restaurant Administration Quarterly, published by Cornell University on August 1, 1995. The length of the article is 578 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Many hotel operators use a long-standing rule-of-thumb for determining room rates. The rule, which is called the $1 per $1,000 rule, states that the hotel rate is economically justified if the average daily rate for hotel rooms is $1 for every $1,000 of project cost. Louis Toth, a writer, speaker and professor of hotel accounting, began popularizing the $1 per $1,000 rule in 1947. His caveats to the rule are presented.

Citation Details
Title: The $1 per $1,000 rule. (basis for hotel room rates)
Author: Bjorn Hanson
Publication: Cornell Hotel & Restaurant Administration Quarterly (Refereed)
Date: August 1, 1995
Publisher: Cornell University
Volume: v36 Issue: n4 Page: p7(1)

Distributed by Thomson Gale

for more information click here