The basic ratios and statistics that the industry uses are calculated daily during the night audit andreconfirmed by the day (or income) audit.

Question

Quizplus · Accepted Answer

The night audit process in the hospitality industry involves calculating basic ratios and statistics, such as occupancy rates and average room rates, which are then typically reviewed or reconfirmed during the day audit to ensure accuracy and completeness of financial records.

The Basic Ratios and Statistics That the Industry Uses Are