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 percentage growth of the revenues o f the hotel industry in the given period?a)200%b)230%c)260%d)300%Correct answer is option 'A'. Can you explain this answer?

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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.

What will be the percentage growth of the revenues o f the hotel industry in the given period?

a)
200%
b)
230%
c)
260%
d)
300%

Correct answer is option 'A'. Can you explain this answer?

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Not surprisingly the growth of the hotel industry is driven by the inc...

Total revenue in 2004 = 50 billion

Total revenue in 2008 = 150 billion

∴ Growth in percentage =(150 - 50)/50*100=100/50=200%

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Not surprisingly the growth of the hotel industry is driven by the inc...

Percentage growth in hotel industry revenues:

Given data:
- In 2004, hotel revenues were Rs 50 billion.
- It is expected that by 2008, hotel revenues will expand to Rs 150 billion.

To calculate the percentage growth in revenues, we can use the following formula:

Percentage growth = [(New Value - Old Value) / Old Value] * 100

where,
- New Value = Rs 150 billion
- Old Value = Rs 50 billion

Calculating the percentage growth:

Percentage growth = [(150 - 50) / 50] * 100
Percentage growth = (100 / 50) * 100
Percentage growth = 200%

Therefore, the percentage growth in hotel industry revenues during the given period is 200%.

Explanation:

The question provides information about the growth of the hotel industry in India. It states that in 2004, there were 200 million hotel users, which accounted for about 20% of the population. The hotel revenues generated by these users were Rs 50 billion.

It is further mentioned that by 2008, the number of hotel users is expected to grow to over 560 million, which would be approximately half the population of India. Additionally, the industry revenues are projected to expand from Rs 50 billion to Rs 150 billion during the same period.

To calculate the percentage growth in hotel industry revenues, we can use the formula mentioned above. By substituting the given values, we find that the percentage growth is 200%.

This implies that the hotel industry revenues are expected to triple from Rs 50 billion to Rs 150 billion, reflecting a significant growth rate of 200% over the given period.

In conclusion, the hotel industry in India is projected to experience substantial revenue growth, with a percentage increase of 200% during the specified period.

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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 percentage growth of the revenues o f the hotel industry in the given period?a)200%b)230%c)260%d)300%Correct answer is option 'A'. Can you explain this answer? for LR 2024 is part of LR preparation. The Question and answers have been prepared according to the LR exam syllabus. Information about 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 percentage growth of the revenues o f the hotel industry in the given period?a)200%b)230%c)260%d)300%Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for LR 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 percentage growth of the revenues o f the hotel industry in the given period?a)200%b)230%c)260%d)300%Correct answer is option 'A'. Can you explain this answer?.

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