1.

Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotel and the increase in per person use of the hotel.In 2004, it was expected that there will be 200 million hotel users in India or about 20% of the population will generate Rs. 50 billion in hotel revenues. Industry revenues should expand from Rs. 50 billion to Rs. 150 billion by 2008, while the number of users should grow to over 560 million or to about half the population of India in the same period.What was the percentage growth in the number of hotel users over the given period?1). 45%2). 100%3). 180%4). 90%

Answer»

According to the INFORMATION given in the problem,

Number of hotel users in India in 2004 = 200 million

Number of hotel users in India in 2008 = 560 million

∴ % GROWTH in the number of users over the given period $(= \FRAC{{560 - 200}}{{200}} \times 100)$

$(= \;\frac{{360}}{{200}} \times 100 = 180{\rm{\;}})$



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