What is the meaning / definition of RevPASF in the hospitality industry?
RevPASF stands for: Revenue per Available Space/ Function.
Similar to RevPASF, it considers revenue for an entire day of events, divided by the function spaces. It gives you a better idea of the profit generated by your meeting rooms. This is part of a more global revenue management strategy.
How do you calculate RevPASF?
RevPASF formula: RevPASF = Total function rooms revenue/ total area available
This indicates you how your function rooms are profitable on a given day/ event.