Shared Flashcard Set

Details

Test 1
Terms and formulas for test 1
18
Other
Undergraduate 4
02/06/2012

Additional Other Flashcards

 


 

Cards

Term
Annual Rooms available
Definition
= Hotel size x 365 (days)
Term
Occupancy %
Definition
# of rooms occupied (annually or daily) / # of rooms available (annually or daily)
Term
Rooms occupied (using Occ %)
Definition
Occupany % x # of rooms available
Term
Rooms available (using Occ %)
Definition
# of rooms occupied / Occ %
Term
Multiple occupancy %
Definition
(# of guests - # of rooms occupied) / # of rooms occupied
Term
ADR (average daily rate)
Definition
Room revenue (daily) / # rooms occupied (daily)
Term
Rooms revenue (using ADR) (daily)
Definition
ADR x # of rooms occupied
Term
Rooms occupied (using ADR)
Definition
Rooms revenue / ADR
Term
Average Rate per guest
Definition
Room revenue / # of guests
Term
Total rooms revenue (using average rate per guest)
Definition
Average Rate per Guest x number of guests
Term
number of guests (using average rate per guest)
Definition
Rooms revenue / average rate per guest
Term
RevPAR (using revenue)
Definition
Rooms revenue / rooms available
Term
Rooms revenue (using RevPAR)
Definition
RevPAR x rooms available
Term
Rooms available (using RevPAR)
Definition
Rooms revenue / RevPAR
Term
Total RevPAR
Definition
Total Revenue / size of hotel
Term
Total revenue (using RevPAR)
Definition
Total RevPAR x size of hotel
Term
GOPAR
Definition
GOP / size of hotel
Term
GOP (using GOPAR)
Definition
GOPAR x size of hotel
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