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Read the scenario attached and I only need these two questions answered. Questio

by | Oct 22, 2021 | Other | 0 comments

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Read the scenario attached and I only need these two questions answered. Question 1: You are to assemble a bundled pricing program for the amenities of the hotel. The goal is to combine any three of the amenities that you feel would be the best combination. Your desire is to establish a pricing mechanism for the bundle that would allow you to maintain a 25% profit margin for the hotel. Explain your pricing system, your final price you would offer, and how you determined that price.
Question 2: Hotel management wants you to develop a package or set of packages to offer to non-hotel residents. They would like to see the profit margin for this package be approximately 40%. The additional profit margin is to cover the additional costs related to outsiders using the facilities. Identify the primary target market for this project. What would you offer and why? Explain the pricing approach and final price you would use for the bundle(s).

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