|Revenue Management Formulas||
It is a Hotel KPI calculation that shows the percentage of available rooms or beds being sold for a certain period of time.
How do you calculate Occupancy?
ADR stands for: Average Daily Rate.
It is one of the most common financial indicators to measure how successful the performance of the hotel is against other hotels that have similar characteristics such as size, clientele and location and/or its own previous figures.
How do you calculate ADR?
RevPAR stands for: Revenue Per Available Room.
When an analysis is carried out, RevPar figures can be compared to RevPar of the hotel during the same time frame of the previous years or to its compset.
With RevPAR you can only evaluate your income as a percentage of room sales, not including any other factors that also take account into making profitability (like toursales, room service, and spa bookings).
How do you calculate Revpar?
GopPAR stands for: Gross Operating Profit Per Available Room
GopPAR is a KPI that allows hotels to apply the laws of economics to a complete drill down of the process of Revenue Management and make adjustments not only on achieving the top line but aligning it with the bottom line as well. From an ownership perspective, GOPPAR allows you to see what the value of your asset is at any given time. A hotel is really two assets in one: a real estate asset and an operating business.
How do you calculate GopPAR?
N RevPAR stands for: Net Revenue Per Available Room
Compared to RevPAR, N RevPAR removes the "apples to apples" comparison, which is absolutely necessary for effective measurement of a property's revenue management strategies. Factoring the cost of distribution into its calculation it is a more transparent performance indicator.
How do you calculate N RevPAR?