What was the revpar for last night

Assignment Help Management Theories

Reference no: EM133671495

Occupancy rate -the number of occupied rental units at a given time, compared to the total number of available rental units at that time. Occupancy rate = Rooms sold / Room available

Q1 - Hotel Trinity has 162 rooms. Last night, we sold 94 rooms. What was the occupancy percentage for last night?

Q2- Last Thursday, we sold 152 rooms What was the occupancy percentage?

Q3- Tomorrow, we have already sold 101 rooms What is the current occupancy?

Activity

Average daily rate (ADR) - this rate is applied to a room's average rental income during a certain period of time. It's compared to hotel's historical ADR or competitors' metrics.

Q1 - Last night, we sold 94 rooms The room revenue total for last night was £6,967.28 What was the ADR for last night?

Q2--Last Thursday, we sold 152 rooms The room revenue total was £10,506.24 What was the ADR for last Thursday?

Activity

Revenue per available room (RevPAR)- a KPI that assess financial and business performance of a hotel. RevPAR measures ability of a property to fill all the rooms and define the best price for them. There are two ways to calculate it: RevPAR = Average daily rate *

Occupancy rate RevPAR = Rooms revenue / Rooms available

Q1- What was the RevPAR for last night?

Q2- What was the RevPAR for lastThursday?

Reference no: EM133671495

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