Homework SourseThe following information is for the month of June The downt
The following information is for the month of June. The downtown hotel has a total of 105 guest rooms. Three rooms have been under repair for the entire month of June. Total room revenue was $811,611 and a total of 2,858 room nights were sold.
What was the average daily rate?
What was the RevPAR?
What was the occupancy rate?
ADR = $283.93
RevPAR = $273.27
Occupancy% = 96.73%
ADR = $283.98
RevPAR = $262.66
Occupancy% = 92.5%
ADR = $265.23
RevPAR = $257.65
Occupancy% = 93.40%
ADR = $283.93
RevPAR = $265.23
Occupancy% = 90.73%
The following information is for the month of June. The downtown hotel has a total of 105 guest rooms. Three rooms have been under repair for the entire month of June. Total room revenue was $811,611 and a total of 2,858 room nights were sold.
What was the average daily rate?
What was the RevPAR?
What was the occupancy rate?
ADR = $283.93
RevPAR = $273.27
Occupancy% = 96.73%
ADR = $283.98
RevPAR = $262.66
Occupancy% = 92.5%
ADR = $265.23
RevPAR = $257.65
Occupancy% = 93.40%
ADR = $283.93
RevPAR = $265.23
Occupancy% = 90.73%
The following information is for the month of June. The downtown hotel has a total of 105 guest rooms. Three rooms have been under repair for the entire month of June. Total room revenue was $811,611 and a total of 2,858 room nights were sold.
What was the average daily rate?
What was the RevPAR?
What was the occupancy rate?
ADR = $283.93
RevPAR = $273.27
Occupancy% = 96.73%
ADR = $283.98
RevPAR = $262.66
Occupancy% = 92.5%
ADR = $265.23
RevPAR = $257.65
Occupancy% = 93.40%
ADR = $283.93
RevPAR = $265.23
Occupancy% = 90.73%
Solution
Average Daily Rate = Total Room Revenue/Total room nights sold
= 811611/2858 = $283.98
RevPAR (Revenue per available room):-
Total Revenue/Total room nights available
Total room nights available = 105 rooms * 30 days = 3150
= 811611/3150 = $257.65
Occupancy Rate = Total room nights sold/ Total room nights available
= 2858/3150 = 90.73 %
