Considering the total revenue of the hotel industry in 2016 as 495.17 billion USD, what is the percentage contribution of revenue of select hotel chains to hotel industry revenue?
Explanation:
Total revenue of the select hotel chains
= 25 + 17 + 12 + 6 + 6 + 4 + 2 + 1 + 1 + 1
= 75 billion
Total revenue of hotel industry = 495.17 billion
∴ Required percentage
= (75/495.17) × 100 = 15.14%
The closest value is 15%.
Hence, option (c).
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