Business Studies, asked by lheddens1, 9 months ago

Peter is a revenue manager of a 300-room hotel. Over this past weekend (including both Saturday and Friday evenings) he sold 450 of his guestrooms with an average daily rate (ADR) of $300.00. What was his hotel's RevPAR for the past weekend?

Answers

Answered by akifsiddique778

Answer:

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Answered by skyfall63

Explanation:

RevPAR is one of the most common metrics for hotels & represents "revenues per available room". It's a simple option to see the revenues generated at the destination of the hotel's "specific market segments". iIn short, this metric shows the "number of rooms sold"at a hotel & how much of income/ revenue from those reservations is generated. It enables one component of the overall "revenue management strategy" to be evaluated. RevPAR must be used to see the optimum way to maximise per room revenue. If the property's RevPAR increases, the average room rate/occupancy rate should increase – or both
Calculating RevPAR is pretty easy. Just increase your daily average (ADR) rate by your "occupancy rate". For example, if the hotel's ADR is 70 per cent, the RevPAR is $70. your hotel. The "other way" is by splitting the entire number and the "total revenue" from the night into the total no of rooms available at your hotel.
70 percent of the "occupancy in a hotel" with 300 rooms is equal to 210 rooms. More than 100, & your "total room revenue" will be $21,000. Split your room by $21000 by a total of 300 rooms & you will get your RevPAR of $70.
You can simply use your available room multiplied by ""365 days per year to calculate an "annual RevPAR" for your property. Thus, the annual room nights "available" with the above 300 room property are 109,500. That's many nights in the room to make and optimize!

To know more

How to calculate revpar in hotel in figures? - Brainly.in

brainly.in/question/1391862

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