HTM 3060 Chapter Notes - Chapter 2: Revpar, Aggregate Supply, Leap Year

• School: University of Guelph
• Department: Hospitality and Tourism Management
• Course: HTM 3060
• Professor: Woomi Jo

Document Summary

Hotel math fundamentals metrics used by the hotel industry. Str obtains most of its data via exports from the hotel companies versus a web ui. Str performs a large volume of comprehensive error checks upon the raw data. The raw data definitions are based upon the uniform system of accounts for the. The hotel industry uses three main key performance indicators, also referred to as kpis. Kpis are calculated from raw data: occupancy (%) = demand/supply (rooms sold/rooms available, average daily rate (adr) = revenue/demand, revenue per available room (revpar) = revenue/supply. Important metric, measurement of success, sort of a combination of occupancy and adr. Percent change compares the number this year to the same number last year (year over year change) Measures the amount of growth or decline (positive or negative) from the same period last year. = (this year last year) / last year *100. Changes for raw data and kpis are closely scrutinized.