Traditional methods for establishing room rates include the Hubbart formula. This method uses $2 of room rate for each $1000 of construction costs.

Name: Traditional methods for establishing room rates include the Hubbart formula. This method uses $2 of room rate for each $1000 of construction costs.
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The Hubbart Formula is a method used to establish room rates based on desired profits, expenses, and expected number of rooms sold, rather than a fixed rate of room rate increase per construction cost.

Traditional Methods for Establishing Room Rates Include the Hubbart Formula