Question

figure 9.2 chapter 9 revenue management for hospitality trying to figure out the red squares how to do the formula in order to figure out those calculations there's nine red squares on figure 9.2

24 A Chapter 9 Apply What You Know-S 1 2 3 9.1 4 Hawthorne Suites May Performance 5 Statistics 6 Occupancy % 7 Rooms sold 8 ADR This May Last May 75% 4185 S 129.99 116.99 $544,008 $97.49 85% Rooms sold for the 4743<- Total Revenue for e $554,884 $99.44 9 Rooms revenue 10 RevPAR Controllable operating $294,066--Total COC for the s $255,285 11 costs $260,818 $288,723 12 Gross operating profit 13 GOPPAR 14 15 9.2 16 City Center Novotel Performance: 17 Occupancy % 18 This month 19 Last 3 months Novotel 57.2 Index 98.45% 95.49% 92.27% Comp Set 58.1 57.7 55.6 55.1 20 Last 12 months 51.3 21 ADR 22 This month 23 Last 3 months 24 Last 12 months 266.57 270.15 269.69 268.95 98.67% 90.81% 86.06% 244.91 231 45 25 RevPAR 26 This month 27 Last 3 months 28 Last 12 months 29 30 9.3 Property 31 Number of Roome Supply

Answer 1

Revenue per available room (RevPAR) is a performance metric used in the hotel industry. It is calculated by multiplying a hotel's average daily room rate (ADR) by its occupancy rate

Revenue per available room (RevPAR)=ADR*Occpancy %

City Center Novotel Performance:
Occupancy %	Novotel	Comp set	Index
This Month	57.2	58.1	98.45%
Last 3 months	55.1	57.7	95.49%
Last 12 months	51.3	55.6	92.27%
ADR
This Month	266.57	270.15	98.67%
Last 3 months	244.91	269.69	90.81%
Last 12 months	231.45	268.95	86.06%
RevPAR
This Month	15247.8	15695.72	97.15%
Last 3 months	13494.54	15561.11	86.72%
Last 12 months	11873.39	14953.62	79.40%